Liability for Defects and Contract Non-Conformity in Sold Smart-Home Properties
First written in FY2020. 2 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 41 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Group conducts strict construction management when buildings are constructed. However, if real estate sold by the Group is non-conforming to the contract, buyers could cancel the contracts, seek damages or demand remedial performance, potentially resulting in additional repair and other costs.」
While continuing strict construction management to address the risk of contract non-conformity, the Group describes the possibility of contract cancellation, claims for damages and demands for remedial performance. - FY2021MitigatedAnnual report
「The Group conducts strict construction management when buildings are constructed. However, if defects are found in real estate sold by the Group, buyers could cancel the contracts or seek damages.」
The Group has added strict construction management as a measure against the risk of contract non-conformity and defects. - FY2020First statedAnnual report
「If defects are found in real estate sold by the Group, buyers could cancel the contracts or seek damages, and additional costs such as repair costs could arise, affecting the Group's operating results and financial position.」
Compensation and additional costs arising from defects in the rights, structure, environment and other aspects of purchased and sold real estate are identified as risks.