Fluctuations in Real Estate Prices and Market Conditions
First written in FY2016. 4 of 9 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2026.
Aun Consulting moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 12 of 22 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Balance of real estate held for sale declinedAnnual report
「Real estate held for sale 44,179 29,291」
The balance of real estate held for sale decreased from 44,179 thousand yen at the end of the previous consolidated fiscal year to 29,291 thousand yen. The balance of assets held subject to real estate market risk has contracted. - 2026-07-07MaterialisedRevisions to earnings forecasts
「For another property held by the company for sale, we reviewed the planned selling price to recover the invested capital at an early stage. As a result, we plan to record an impairment loss on property held for sale of ¥5.198 million as cost of sales.」
An impairment loss on property held for sale will be newly recorded following a review of the planned selling price. A reversal gain also arose upon the completion of the sale of another property on which an impairment loss had been recorded in the previous fiscal year. - FY2025RestatedAnnual report
「Because real estate held for sale (inventory) and other assets held by the Group are susceptible to economic trends, interest rate trends, land price trends and tax reforms, among other factors, a deterioration in economic or employment conditions that reduces consumers' willingness to purchase real estate or investors' willingness to invest could result in the recognition of impairment losses or valuation losses due to declines in fair value and other factors.」
The risk of deteriorating real estate market conditions and valuation or impairment losses on real estate held for sale continues to be disclosed. - FY2021MaterialisedAnnual report
「During the current fiscal year, the business was affected by restrictions on overseas travel and reduced appetite for investment in overseas real estate resulting from the global spread of COVID-19. Accordingly, the Company substantially reviewed its business structure, including by transferring its real estate operations in the Philippines to a local Japanese real estate company.」
Restrictions on overseas travel and reduced appetite for investment in overseas real estate actually affected the asset business, leading to a review of the business structure that included the transfer of the Philippine real estate operations. - FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, revenue declined from the same period of the previous year due to the transfer of real estate operations in the Philippines to a local Japanese real estate company and delays in selling real estate held for sale by the Group's consolidated subsidiary in the Philippines.」
Delays in selling overseas real estate have continued and are a factor behind the decline in revenue. The business remains affected by real estate market conditions and the selling environment. - FY2020MaterialisedAnnual report
「Because property prices in the Philippines were trending upward and the Philippine peso remained strong against the yen, sales activities continued under difficult conditions for property sales and resales. As a result, sales and profit remained below the previous year.」
Rising real estate prices in the Philippines and the yen's strength against the Philippine peso actually made sales and resales difficult, resulting in lower revenue and a loss in the asset business. - FY2020-Q1MaterialisedAnnual report
「In light of the upward trend in property prices in the Philippines and the Philippine peso's continued strength against the yen, the Company had not been actively pursuing property resales and similar transactions.」
The rise in Philippine property prices and the yen's strength against the Philippine peso actually constrained resale activity, and the asset business recorded lower sales and profit year on year. - FY2018RestatedAnnual report
「Real estate held for sale (inventory), property, plant and equipment, securities and other assets held by the Group may affect the Group's results of operations and financial position through the recognition of impairment losses or valuation losses resulting from declines in fair value and other factors.」
The risk of impairment losses and valuation losses resulting from declining real estate prices and deteriorating market conditions continues to be disclosed with respect to assets held, including real estate held for sale. - FY2016First statedAnnual report
「Because the Group's business is susceptible to economic trends, interest rate trends, land price trends and tax reforms, among other factors, a deterioration in economic or employment conditions that reduces consumers' willingness to purchase real estate or investors' willingness to invest could affect the Group's results of operations and financial position.」
The Company identifies as risks impairment losses and valuation losses resulting from declines in real estate prices, as well as the impact of deteriorating real estate market conditions on results of operations and financial position.