Inventory and Impairment-Loss Risk Relating to Real Estate for Sale
First written in FY2020. 15 of 24 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-12.
Landix moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 20 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Group sells real estate and had recognized ¥14,685 million as inventory as of the end of March 2026.」
Inventories increased by ¥2,487 million from ¥12,198 million at the end of the previous fiscal year to ¥14,685 million. An inventory valuation loss of ¥4.819 million due to lower profitability was also charged to cost of sales, and elevated inventory exposure continued. - FY2026-H1WorsenedAnnual report
「The main uses of funds were an increase of ¥10.348 million in inventories, an increase of ¥144.895 million in advances paid, and ¥533.213 million in corporate income taxes paid.」
Inventories increased by ¥10.349 million from ¥12,198 million at the end of the previous fiscal year to ¥12,209 million at the end of the interim period. Although the increase from the end of the previous period was small, elevated inventory exposure, mainly from property held for sale, continued. - FY2025WorsenedAnnual report
「As of the end of March 2025, the Group had recognized ¥12,198 million as inventory.」
Inventories increased by ¥5,351 million from ¥6,848 million at the end of the previous fiscal year to ¥12,198 million. This included ¥8,812 million of property held for sale and ¥3,386 million of property under development for sale, substantially expanding inventory exposure. An inventory valuation loss of ¥14.127 million due to lower profitability was also charged to cost of sales. - FY2025-H1WorsenedAnnual report
「This was mainly due to an increase of ¥159 million in cash and deposits and an increase of ¥2,120 million in inventories resulting from strengthened purchasing.」
Inventories increased by ¥2,120 million year on year to ¥8,967 million as purchasing was strengthened. Within this amount, property under development for sale increased to ¥4,071 million, expanding inventory exposure. - FY2024MaterialisedAnnual report
「The Group sells real estate and had recognized ¥6,848 million as inventory as of the end of March 2024.」
Inventories increased 25.9% from ¥5,438 million in the same period of the previous year to ¥6,848 million. In addition, an inventory valuation loss of ¥88.848 million due to lower profitability was charged to cost of sales, and inventory and valuation-loss risks were reflected in actual earnings. - FY2024-Q3WorsenedAnnual report
「This was mainly due to a ¥524 million decrease in cash and deposits, while inventories increased by ¥2,511 million as purchasing activity was strengthened.」
As purchasing activity was strengthened, inventories increased by ¥2,511 million from ¥5,438 million at the end of the previous fiscal year to ¥7,949 million, substantially expanding inventory exposure from property held for sale. - FY2024-Q2WorsenedAnnual report
「This was mainly due to a ¥200 million decrease in cash and deposits and a ¥370 million increase in inventories resulting from strengthened purchasing.」
Inventories increased by ¥370 million from ¥5,438 million at the end of the previous fiscal year to ¥5,808 million, expanding inventory exposure from property held for sale as purchasing was strengthened. - FY2024-Q1WorsenedAnnual report
「This was mainly due to a ¥430 million decrease in cash and deposits and a ¥384 million increase in inventories resulting from strengthened purchasing.」
Inventories increased by ¥384 million from ¥5,438 million at the end of the previous fiscal year to ¥5,822 million as purchasing was strengthened, expanding inventory exposure from property held for sale. No inventory valuation loss was reported. - FY2023MaterialisedAnnual report
「The Group sells real estate and had recognized ¥5,438 million as inventory as of the end of March 2023. The period-end inventory balance is stated after a write-down of carrying value due to lower profitability, and the following inventory valuation loss is included in cost of sales: ¥4.386 million.」
Inventories were ¥5,438 million, an increase of 8.1% year on year. In addition, an inventory valuation loss of ¥4.386 million due to lower profitability was actually charged to cost of sales. - FY2023-Q3WorsenedAnnual report
「This was mainly due to an increase of ¥387 million in cash and deposits and an increase of ¥934 million in inventories as purchasing activity was strengthened.」
As purchasing activity was strengthened, inventories increased by ¥934 million, bringing the balance to ¥5,964 million. Inventory exposure from property held for sale expanded further from the end of the previous period. - FY2023-Q2MitigatedAnnual report
「The main sources of funds were the recognition of quarterly net income before income taxes of ¥1,104 million and a ¥118 million decrease in inventories.」
Inventories decreased by ¥118 million from ¥5,030 million at the end of the previous consolidated fiscal year to ¥4,913 million. Although inventories increased from the end of the previous quarter, inventory exposure decreased compared with the beginning of this filing period. - FY2023-Q1MitigatedAnnual report
「This was mainly due to a ¥522 million decrease in inventories resulting from steady sales of beginning-of-period inventory.」
Inventories decreased by ¥522 million from ¥5,030 million at the end of the previous period to ¥4,508 million. Steady sales of beginning-of-period inventory reduced inventory exposure from property held for sale. - FY2022-Q3WorsenedAnnual report
「This was mainly due to an increase of ¥853 million in cash and deposits and an increase of ¥1,893 million in inventories as purchasing activity was strengthened.」
As purchasing activity was strengthened, inventories increased by ¥1,893 million, expanding the balance from ¥3,183 million at the end of the previous period to ¥5,076 million. Inventory exposure increased further, although no inventory valuation loss was reported for the quarter. - FY2022-Q2WorsenedAnnual report
「Total assets at the end of the second quarter of the current consolidated fiscal year were ¥10,477 million, an increase of ¥1,456 million from the end of the previous consolidated fiscal year. Current assets were ¥8,439 million, an increase of ¥1,493 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥791 million in cash and deposits and ¥578 million in inventories.」
Inventories increased by ¥578 million from the end of the previous period to ¥3,761 million. Although the sales plan is progressing, inventory exposure, including property held for sale and property under development for sale, expanded from ¥3,183 million at the end of the previous period. - FY2022-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥478 million in cash and deposits, while inventories decreased by ¥814 million.」
Inventories decreased by ¥814 million from ¥3,183 million at the end of March 2021 to ¥2,369 million, reducing the inventory exposure from property held for sale that had expanded at the end of the previous period. - FY2021MaterialisedAnnual report
「At the end of the consolidated fiscal year, total inventory was ¥3,183 million, an increase of ¥943 million from the same period of the previous year, or 42.1%. In the current fiscal year, a ¥300 thousand write-down of carrying value due to lower profitability was charged to cost of sales.」
Inventory exposure from property held for sale increased 42.1%, and a ¥300 thousand write-down of carrying value due to lower profitability was actually recognized. - FY2021-Q3WorsenedAnnual report
「This was mainly due to a decrease of ¥313,849 thousand in cash and deposits and an increase of ¥677,664 thousand in inventories, including properties held for sale, resulting from intensified purchasing activity.」
Inventory increased as purchasing activity was strengthened, bringing inventory to ¥2,918 million. Inventory exposure expanded further from the previous quarter. - FY2021-Q2MitigatedAnnual report
「This was mainly due to a decrease of ¥587,662 thousand in cash and deposits and a decrease of ¥102,796 thousand in inventories.」
Inventories decreased by ¥102,796 thousand from ¥2,240,509 thousand at 31 March 2020 to ¥2,137,712 thousand, reducing the inventory exposure that had expanded in the previous quarter. Properties held for sale totaled ¥1,969,068 thousand, an increase from the end of the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「This was mainly due to a decrease of ¥477,137 thousand in cash and deposits and an increase of ¥570,699 thousand in inventories.」
Inventories increased by ¥570,699 thousand from ¥2,240,509 thousand at the end of the previous consolidated fiscal year to ¥2,811,208 thousand, expanding the inventory exposure to properties held for sale. No impairment losses or discounted sales were described. - FY2020First statedAnnual report
「As of 31 March 2020, the company had ¥2,240,509 thousand recorded as inventories. If selling the properties at the expected prices becomes difficult, the company may promote sales by discounting the selling prices to reduce inventory risk.」
The company held inventories of ¥2,240,509 thousand and disclosed the possibility of lower profit due to discounts and inventory accumulation or impairment losses on properties held for sale.