Risk of Deterioration in Demand for Office and Commercial Buildings Due to Economic Conditions
First written in FY2016. 2 of 5 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2021-Q3.
Nakamuraya moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 32 of 77 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2021-Q3MaterialisedAnnual report
「Meanwhile, because the COVID-19 state of emergency had a significant impact on tenants, we reduced some rents, but 1 tenant vacated its premises.」
The impact on commercial building tenants' operations materialized, resulting in reductions in some rents and the departure of 1 tenant. - FY2021-Q1MaterialisedAnnual report
「Because the state of emergency declared in response to the novel coronavirus had a significant impact on the operations of tenant businesses, we reduced some rents based on the extent of the impact.」
The impact on commercial building tenants' operations materialized, resulting in reductions in some rents.extra_quantifiedfalseextra_materializedtrue - FY2018RestatedAnnual report
「The Group operates a commercial building leasing business, but demand for commercial buildings also tends to be easily affected by economic trends. If commercial building demand deteriorates due to a sluggish economy, this could adversely affect the Group's real estate leasing business and lead to a decline in the value of its owned assets.」
The company continues to identify the risks of weaker demand and declining asset values due to economic conditions in its commercial building leasing business following the sale of Sasazuka NA Building. - FY2017SoftenedAnnual report
「The Group operates a commercial building leasing business, but demand for commercial buildings also tends to be easily affected by economic trends.」
Following the sale of Sasazuka NA Building, the risk is described in terms of commercial building demand, and the scope of the real estate leasing business has narrowed from the previous fiscal year, when both office and commercial buildings were owned. - FY2016First statedAnnual report
「If office and commercial building demand deteriorates due to a sluggish economy, this could adversely affect the Group's real estate leasing business and lead to a decline in the value of its owned assets.」
The company discloses the risk that demand for its real estate leasing business and the value of its owned assets may be affected by economic conditions.