Risk of Declining Real Estate Values
First written in FY2016. 20 of 28 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 21 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The environment surrounding the real estate business is favorable, supported by a gradual recovery in the Japanese economy, with robust real estate investment and rising land and real estate prices. In consideration of these conditions, the Group conducted sales activities, resulting in sales of ¥400 million, down 5.0% year on year, and operating income of ¥200 million, up 11.6% year on year.」
The company describes rising land prices nationwide and favorable market conditions, while the real estate business recorded lower sales but higher operating income. - FY2025MitigatedAnnual report
「The environment surrounding the real estate business is favorable, with land prices trending upward nationwide. In consideration of these conditions, the Group conducted sales activities, resulting in sales of ¥500 million, up 6.8% year on year, and operating income of ¥200 million, up 17.3% year on year.」
The company describes rising land prices nationwide and favorable market conditions, while the real estate business improved from lower sales and lower operating income in the previous fiscal year to higher sales and higher operating income. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or significant changes relating to the risk of declining real estate values. - FY2024-Q3RestatedAnnual report
「The environment surrounding the real estate business is favorable, with land prices trending upward nationwide and the market showing an overall recovery.」
The company continues to describe an upward trend in land prices nationwide and an overall recovery in the real estate market. - FY2024-Q1MitigatedAnnual report
「The environment surrounding the real estate business is favorable, with land prices trending upward nationwide and the market showing an overall recovery.」
The upward trend in land prices and market recovery previously reported mainly in major metropolitan areas is described this quarter as an upward trend in land prices nationwide. - FY2023-Q3RestatedAnnual report
「Although land prices continue to trend downward in some areas, signs of an overall recovery are emerging, including an upward trend in land prices in major metropolitan areas.」
The company continues to describe rising land prices in major metropolitan areas and an overall recovery in the real estate market, while some areas continue to experience falling land prices. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explains that there have been no new risks or significant changes relating to the risk of declining real estate values. - FY2022MitigatedAnnual report
「Although land prices continue to trend downward in some areas, signs of an overall recovery are emerging, including an upward trend in land prices in major metropolitan areas.」
The company describes an upward trend in land prices in major metropolitan areas and an overall recovery in the real estate market, while some areas continue to experience falling land prices. - FY2022-Q3RestatedAnnual report
「The environment surrounding the real estate business remains severe nationwide, with land prices declining even in major metropolitan areas.」
The company continues from the previous fiscal year to describe falling land prices, including in major metropolitan areas, and severe real estate market conditions nationwide. - FY2021WorsenedAnnual report
「Although land prices are trending downward even in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
Previously, the company described an upward trend in land prices in major metropolitan areas, but in this filing it explains that prices are trending downward even in those areas. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes relating to the risk of declining real estate values. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to the risk of declining real estate values. - FY2021-Q1RestatedAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2020-Q3RestatedAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to the risk of declining real estate values. - FY2020-Q1RestatedAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2019-Q3RestatedAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2019-Q2RestatedAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2019-Q1Newly identifies an upward trend in land prices in major metropolitan areasAnnual report
「Although land prices are trending upward in major metropolitan areas, the environment surrounding the real estate business remains severe nationwide.」
The company explains that land prices are trending upward in major metropolitan areas, while real estate market conditions remain severe nationwide. - FY2018RestatedAnnual report
「The Group holds real estate held for sale and tangible fixed assets, including land, in various locations across Japan. If domestic real estate market conditions deteriorate, the Group's operating results and financial position may be affected by write-downs of real estate held for sale and impairment losses on fixed assets.」
The company continues to identify as a risk its holdings of real estate held for sale and other assets, and the potential impact of write-downs and impairment losses on operating results and financial position if real estate market conditions deteriorate. - FY2018-Q3RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide.」
The company continues to explain that land prices have bottomed out in some areas, while real estate market conditions remain severe nationwide. - FY2018-Q2RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide.」
The company continues to explain that land prices have bottomed out in some areas, while real estate market conditions remain severe nationwide. - FY2018-Q1RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide. As a result of the Group's sales activities conducted in consideration of these conditions, sales rose 127.1% year on year to ¥300 million, and operating income was ¥100 million, an increase of ¥100 million year on year.」
The company states that real estate market conditions remain severe nationwide despite land prices having bottomed out in some areas, while sales and operating income in the real estate business exceeded the previous year's levels. - FY2017MaterialisedAnnual report
「Although signs of recovery have emerged in some areas, the environment surrounding the real estate business remains severe. The Group conducted sales activities in consideration of these conditions, but sales in its real estate business were ¥700 million, a decrease of ¥500 million from the previous consolidated fiscal year, down 42.0% year on year. As for profit and loss, the Group posted an operating loss of ¥19 million, compared with operating income of ¥56 million in the previous fiscal year, mainly because valuation losses on real estate held for sale increased from the previous fiscal year.」
The company states that, in addition to lower sales in the real estate business, an operating loss actually resulted from increased valuation losses on real estate held for sale. - FY2017-Q3RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide. The Group conducted sales activities in consideration of these conditions, but sales in its real estate business fell 45.6% year on year to ¥500 million, while operating income rose 79.9% year on year to ¥44 million.」
The company continues to explain that land prices have bottomed out in some areas, while real estate market conditions remain severe nationwide. Sales fell 45.6% year on year, but operating income was ¥44 million. - FY2017-Q2RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide.」
The company continues to explain that land prices have bottomed out in some areas, while real estate market conditions remain severe nationwide. - FY2017-Q1RestatedAnnual report
「Although signs of a bottoming out in land prices have emerged in some areas, the environment surrounding the real estate business remains severe nationwide. The Group conducted sales activities in consideration of these conditions, but sales fell 37.9% year on year to ¥100 million.」
The company acknowledges that land prices have bottomed out in some areas, while explaining that real estate market conditions remain severe nationwide. - FY2016First statedAnnual report
「If domestic real estate market conditions deteriorate, the Group's operating results and financial position may be affected by write-downs of real estate held for sale and impairment losses on fixed assets.」
The company indicates that deterioration in real estate market conditions may result in write-downs of real estate held for sale and impairment losses on fixed assets.