Risk of Longer Production Periods and Delayed Handovers for Subdivision Homes
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「With respect to contracted construction of custom homes, the period from contract execution through commencement and completion of construction is normally lengthy, resulting in a time lag before the work is reflected in sales results.」
The Company continues to explain that custom homes involve a time lag from contract execution through commencement and completion of construction until the work is reflected in sales results. - FY2023RestatedAnnual report
「Deliveries in the fourth quarter, which includes January, the end of the Company's fiscal year, tend to be higher than in other quarters. In addition, if delivery is delayed due to construction delays, natural disasters or other unforeseen circumstances, causing revenue recognition to be pushed into the following fiscal year, this may affect the Group's operating results and financial condition.」
The Company continues to recognize the risk of seasonal fluctuations in deliveries and delivery delays caused by construction schedules or natural disasters. The fourth quarter accounted for 30.2% of revenue in the fiscal year ended January 2023. - FY2022RestatedAnnual report
「In addition, if delivery is delayed due to construction delays, natural disasters or other unforeseen circumstances, causing revenue recognition to be pushed into the following fiscal year, this may affect the Group's operating results and financial condition.」
The Company continues to recognize the risk that production periods and delivery delays may affect the timing of revenue recognition and operating results. - FY2021First statedAnnual report
「The production period from the land acquisition agreement to completion of the building normally takes approximately 8 to 9 months, and even longer for projects involving large-scale development work. A significant shortening of the production period or substitution of products during production is difficult.」
Countermeasures include monitoring market conditions, forecasting supply and demand, reviewing production and sales plans, and managing construction schedules through DX.