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Logos Holdings (205A) · RiskMitigated

Risk of Prolonged Inventory Holding Periods and Valuation Losses on Real Estate Held for Sale

First written in FY2024. 3 of 7 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.

7entries
3years
3from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2024MitigatedFY2025WorsenedFY2026-H1 – 2026-08-052024: 120242025: 120252026: 52026
Same theme, other companies
Extended holding periods and slow sales of real estate held for saleA theme 36 companies write about · 38 as a headwind · 2 as a tailwind

Logos Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).

The whole theme swung hardest in 2020: 8 of 22 companies on the "Worse" side.

9 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 36 companies compared. The sentences above are computed from all 36.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Real estate for sale and real estate under development for sale accounted for 21.8% of total assets at the end of the fiscal year under review.」

    Real estate for sale and real estate under development for sale declined as a percentage of total assets from 22.5% in the previous fiscal year to 21.8%. Although real estate under development for sale increased, inventory exposure declined as a percentage of total assets.
  3. FY2026-H1WorsenedAnnual report

    「The main reason for the increase in current assets was an increase of ¥1,300,829 thousand in costs on uncompleted construction contracts and ¥429,809 thousand in real estate under development for sale, despite a decrease of ¥330,032 thousand in cash and deposits.」

    Inventory, including real estate for sale and real estate under development for sale, increased from the end of the previous fiscal year, and the inventory exposure that was classified as MITIGATED in the previous filing due to the lower ratio expanded in the interim period.
  4. FY2025MitigatedAnnual report

    「Real estate for sale and real estate under development for sale accounted for 22.5% of total assets at the end of the fiscal year under review.」

    Although real estate for sale and real estate under development for sale declined as a percentage of total assets from 31.0% in the previous fiscal year to 22.5%, the underlying risks of prolonged sales periods and valuation losses remain.
  5. FY2024First statedAnnual report

    「Real estate for sale and real estate under development for sale accounted for 31.0% of total assets at the end of the fiscal year under review.」

    The company recognizes the possibility of lower selling prices, prolonged sales periods, discounts, and valuation or impairment losses, and monitors sales conditions and profitability.
Moved together

"Financial Risk from Interest-Bearing Debt and Interest Rate Trends" moved the same way as this thread, in the same document, in 4 of its 7 moves.

433222★123456
  1. ★This thread
  2. 1Financial Risk from Interest-Bearing Debt and Interest Rate Trends4×
  3. 2Risk of Upfront Costs and Delayed Revenue Contribution from New Store Openings3×
  4. 3Risk of Weaker Sales and Profitability Due to Declining Housing Starts and Intensifying Competition3×
  5. 4Expansion of store openings from Hokkaido to Honshu2×
  6. 5Risk from Share Sales by Major Shareholder Funds and the Tradable Share Ratio2×
  7. 6Ongoing Development of Energy-Efficient, CO2-Reducing Homes2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Logos Holdings's next results are scheduled for 2026-10-15. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-08-05: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of Prolonged Inventory Holding Periods and Valuation Losses on Real Estate Held for Sale | LOGOS HOLDINGS INC. (205A) | Komori