Delays in Real Estate Sales and Changes to Handover Timing
First written in FY2020. 1 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2026: 4 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If sales do not progress as expected due to market trends, customer circumstances, weather or other factors, resulting in changes to delivery timing or other events, this may affect the Group's operating results and financial position.」
The risk of sales progress delays and changes in delivery timing associated with the business structure, under which revenue is recognized upon delivery, continued to be disclosed. - FY2024MaterialisedAnnual report
「Rising real estate prices caused by domestic inflation resulting from the weaker yen and higher material costs have made it more labor-intensive to build a pool of prospective buyers for the Group's products. Some products have been difficult to sell as expected, making this a period requiring careful judgment regarding the business environment.」
The disclosure stated that rising real estate prices had made it more labor-intensive to build a pool of prospective buyers and that some products had actually been difficult to sell as expected. The risk relating to sales progress and delivery timing became more concrete. - FY2020First statedAnnual report
「If sales do not progress as expected due to market trends, customer circumstances, weather or other factors, resulting in changes to delivery timing or other events, this may affect the Group's operating results and financial position.」
The risk of a mismatch between sales progress and the timing of revenue recognition was disclosed in connection with the business structure, under which revenue is recognized upon delivery.