Intensifying competition in operating regions, regional economic conditions, and disaster risks
First written in FY2021. 1 of 3 entries say "Worsened", first in FY2022. Latest entry: FY2023.
0 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In addition, earthquakes and other disasters in the relevant regions, as well as deterioration in regional economic conditions, may affect the Group's operating results, financial position and business expansion.」
The company continues to disclose the possibility of intensifying competition, declining demand, difficulty securing partner companies, regional disasters and deterioration in regional economic conditions in Aichi Prefecture and the Tokyo metropolitan area. - FY2022WorsenedAnnual report
「The Group also entered the Tokyo metropolitan area in October 2019, opening the Tachikawa housing exhibition center in Tachikawa, Tokyo, its first housing exhibition center in the Tokyo metropolitan area, in June 2020, the Shinjuku showroom in September 2020, and the Musashino housing exhibition center in Musashino, Tokyo, in January 2022. As in Aichi Prefecture, in the Tokyo metropolitan area the Group's operating results and business expansion may be affected if its ability to procure land or sell properties declines due to the impact of competitors or other factors, demand declines sharply due to price fluctuations or other factors, or it is unable to secure partner companies in a timely manner.」
The company has explicitly identified risks relating to competition, demand and the securing of partner companies associated with its expansion in the Tokyo metropolitan area, in addition to the traditional competition risk centered on Aichi Prefecture. - FY2021First statedAnnual report
「Aichi Prefecture has strong demand, ranking first nationwide in the number of new housing starts for custom-built homes by prefecture and fourth nationwide in new housing starts for subdivided detached houses. As a result, the number of competitors may increase and competition may intensify.」
The company is addressing this through revenue growth and regional diversification by expanding its operating regions, and differentiation through a one-stop strategy.