Real estate market outlook and errors in assessing customer purchasing trends
First written in FY2024-Q1. 3 of 8 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In addition, as the demolition business for structures, houses and other properties was incorporated into the real estate-related services business, segment sales were ¥185.509 million, up 45.24% year on year, and segment profit was ¥102.872 million, up 5.18% year on year.」
The recovery in inbound demand and the addition of the demolition business led to increased spending by overseas visitors and higher revenue and profit in the real estate-related services business compared with the previous fiscal year. - FY2025MitigatedAnnual report
「Inbound purchasing interest was recovering to levels above those recorded before the COVID-19 pandemic, and spending by overseas visitors was gradually increasing. … Revenue was ¥127.723 million, compared with segment revenue of ¥6.463 million in the same period of the previous year, while segment profit was ¥97.802 million, compared with a segment loss of ¥6.178 million in the same period of the previous year.」
The real estate-related services business improved from revenue of ¥6.463 million and a segment loss in the same period of the previous year to revenue of ¥127.723 million and segment profit of ¥97.802 million, driven by the recovery in inbound purchasing interest and increased spending by overseas visitors. - FY2025-H1MitigatedAnnual report
「As border measures for inbound visitors were eased and inbound purchasing appetite began to exceed pre-pandemic levels, the business gradually became able to attract overseas capital. As a result, sales were ¥53.989 million, compared with no sales in the same period of the previous year, and segment profit was ¥39.161 million, compared with a segment loss of ¥2.980 million in the same period of the previous year.」
In addition to the recovery in inbound demand, the company gradually became able to capture spending by overseas visitors, improving from zero revenue and a segment loss in the same period of the previous year to revenue of ¥53.989 million and segment profit of ¥39.161 million. - FY2025-Q1RestatedAnnual report
「Although border-control measures for inbound visitors were relaxed and inbound purchasing interest was recovering to levels above those recorded before the COVID-19 pandemic, the company was unable to effectively and efficiently capture spending by overseas visitors,」
The company continues to recognize that, although inbound purchasing interest is recovering, it has been unable to effectively and efficiently capture spending by overseas visitors. - FY2024WorsenedAnnual report
「Although border-control measures for inbound visitors were relaxed and inbound purchasing interest was recovering to levels above those recorded before the COVID-19 pandemic, the company was unable to effectively capture spending by overseas visitors. As a result, revenue was ¥6.463 million, up 100.97% year on year, and the segment recorded a loss of ¥6.178 million, compared with a segment loss of ¥433 thousand in the same period of the previous year.」
Although there were signs of a recovery in inbound demand, the company was unable to effectively capture spending by overseas visitors, and the segment loss widened for the full year. - FY2024-Q3WorsenedAnnual report
「Although border-control measures for inbound visitors were relaxed and inbound purchasing interest was recovering to levels above those recorded before the COVID-19 pandemic, the company was unable to effectively capture spending by overseas visitors. As a result, revenue was ¥3.020 million, down 6.09% year on year, and the segment recorded a loss of ¥2.936 million, compared with segment profit of ¥568 thousand in the same period of the previous year.」
The company states that, although inbound purchasing interest is recovering, it was unable to effectively capture spending by overseas visitors, resulting in lower revenue and a segment loss. - FY2024-Q2WorsenedAnnual report
「As a result of inaccurate forecasts for the relevant real estate market and the inability to grasp customers' purchasing trends, the business did not generate sales, compared with segment sales of ¥3.034 million in the same period of the previous year. The segment recorded a loss of ¥2.980 million, compared with segment profit of ¥983 thousand in the same period of the previous year.」
Continued errors in forecasting real estate market conditions and insufficient understanding of customer purchasing trends resulted in no revenue and a segment loss of ¥2.980 million. - FY2024-Q1First statedAnnual report
「As a result of incorrectly forecasting conditions in the relevant real estate market and failing to capture customers’ purchasing trends, the company was unable to generate revenue」
For the real estate-related services business, the company has for the first time identified, as a specific business risk factor, that inaccurate forecasts of real estate market conditions and an inability to understand customers’ purchasing trends resulted in a failure to generate revenue.