Judging new-office openings in light of overheated real-estate conditions and investment capacity
First written in FY2019-Q1. 2 of 5 entries say "Restated". Latest entry: FY2020.
GiG Works moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「With regard to new locations, we aim to expand our business primarily by opening profitable company-operated locations. However, if soaring real estate prices caused by intensifying competition for candidate properties, rising fit-out costs and other factors prevent us from opening locations as planned, this could affect the Group's operating performance and growth.」
In addition to the previous constraint on opening locations caused by soaring real estate prices, the Company explicitly identified intensifying competition for candidate properties and rising fit-out costs as risk factors. - FY2019RestatedAnnual report
「Due in part to soaring real estate prices in the Tokyo metropolitan area, the opening of new company-operated locations did not progress as planned during the current consolidated fiscal year, and the initially planned period of front-loaded expenses did not arise.」
The Company continues to explain that soaring real estate prices affected its plan to open new company-operated locations. - FY2019-Q3MaterialisedAnnual report
「Due in part to soaring real estate prices in the Tokyo metropolitan area, the opening of new company-operated locations did not progress as planned during the current fiscal year, and the initially planned period of front-loaded expenses did not arise.」
The Company explained that soaring real estate prices actually affected the failure to meet its plan for opening new company-operated locations. - FY2019-Q2RestatedAnnual report
「Parts of the real estate market, including investment property, have become overheated. We will make cautious decisions after reviewing the profitability of newly opened offices and the Group's overall investment capacity.」
The Company continues to explain that overheated conditions in parts of the real estate market and the Group's overall investment capacity are factors in decisions on opening new offices. - FY2019-Q1First statedAnnual report
「Parts of the real estate market, including investment property, have become overheated. We will make cautious decisions after reviewing the profitability of newly opened offices and the Group's overall investment capacity.」
Identifies overheating in parts of the real estate market, including investment property, and the Group's overall investment capacity as factors affecting decisions on new office openings.