Holding Risk for Real Estate Held for Sale and Real Estate Under Development for Sale
First written in FY2021. 15 of 23 entries say "Worsened", first in FY2022-Q1. Latest entry: FY2027-H1.
Arr Planner moved to the "Worse" side of this theme in 2021, 1 year before 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".
- FY2027-H1WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥2,529.335 billion in properties under development for sale, ¥2,205.713 billion in properties for sale and ¥289.609 million in cash and deposits, among other factors.」
Properties for sale and properties under development for sale increased by a combined ¥4,735.048 billion, bringing the combined balance to ¥30,548.204 billion. Their share of total assets was approximately 75.6%, up from approximately 73.5% at the end of the previous fiscal year, expanding inventory exposure. - FY2026WorsenedAnnual report
「Properties for sale and properties under development for sale accounted for 73.5% of total assets at the end of the consolidated fiscal year.」
The inventory ratio rose from 71.6% at the end of the previous fiscal year to 73.5%. Properties under development for sale increased by ¥4,463.588 billion, from ¥10,993.062 billion to ¥15,456.650 billion, expanding inventory exposure. - FY2026-H1WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥1,878.807 billion in properties under development for sale, ¥396.344 million in properties for sale and ¥302.779 million in cash and deposits, among other factors.」
Properties under development for sale and properties for sale increased by a combined ¥2,275.151 billion, expanding inventory exposure. The combined balance of the two inventories accounted for approximately 72.3% of total assets, up from 71.6% at the end of the previous fiscal year. - FY2025Properties for sale down, properties under development up, total inventory up, ratio downAnnual report
「Properties for sale and properties under development for sale accounted for 71.6% of total assets at the end of the consolidated fiscal year.」
The inventory ratio fell from 76.7% at the end of the previous fiscal year to 71.6%. Properties for sale decreased, while properties under development for sale increased to ¥10,993.062 billion. Total inventories increased, indicating mixed trends. - FY2025-H1Properties for sale up, properties under development down, total inventory downAnnual report
「The main increases in current assets were attributable to increases of ¥805.412 million in cash and deposits and ¥228.133 million in properties for sale, and a ¥613.430 million decrease in properties under development for sale, among other factors.」
Properties for sale increased by ¥228.133 million, while properties under development for sale decreased by ¥613.430 million, resulting in a ¥385.296 million decrease in total inventories. - FY2025-Q1Properties for sale up, properties under development down, total inventory upAnnual report
「The main increases in current assets were attributable to increases of ¥933.184 million in properties for sale and ¥219.996 million in cash and deposits, among other factors.」
Properties for sale increased by ¥933.184 million from the end of the previous fiscal year, while properties under development for sale decreased by ¥542, -? million, resulting in an increase in total inventories. - FY2024WorsenedAnnual report
「Properties for sale, properties under development for sale and other such assets accounted for 76.7% of total assets at the end of the consolidated fiscal year. Properties for sale amounted to ¥10,156.819 billion and properties under development for sale to ¥9,315.792 billion.」
The inventory ratio rose from 76.2% at the end of the previous fiscal year to 76.7%, and properties under development for sale increased to ¥9,315.792 billion. The inventory valuation loss was also ¥102.211 million, indicating increased inventory and valuation risk. - FY2024-Q3Properties for sale down, properties under development up, total inventory upAnnual report
「The main increases in current assets were attributable to increases of ¥447.106 million in cash and deposits and ¥1,606.225 billion in properties under development for sale, despite a ¥622.511 million decrease in properties for sale, among other factors.」
Properties for sale decreased by ¥622.511 million, while properties under development for sale increased by ¥1,606.225 billion, resulting in a ¥983.714 million increase in total inventories. The trend shifted from the decline in total inventories through the previous quarter. - FY2024-Q2Properties for sale down, properties under development up, total inventory downAnnual report
「The main decreases in current assets were attributable to a ¥1,921.936 billion decrease in properties for sale, despite increases of ¥1,085.054 billion in properties under development for sale and ¥500.753 million in cash and deposits, among other factors.」
Properties for sale decreased while properties under development for sale increased. Total inventories decreased by ¥836.882 million, with changes in inventory composition and a decline in the overall balance occurring simultaneously. - FY2024-Q1Properties for sale down, properties under development upAnnual report
「The main decreases in current assets were attributable to a ¥1,253.466 billion decrease in properties for sale, despite increases of ¥644.435 million in properties under development for sale and ¥213.744 million in cash and deposits, among other factors.」
Properties for sale decreased by ¥1,253.466 billion, while properties under development for sale increased by ¥644.435 million, resulting in a change in inventory composition. - FY2023WorsenedAnnual report
「Properties for sale, properties under development for sale and other such assets accounted for 76.2% of total assets at the end of the consolidated fiscal year.」
The inventory ratio rose from 74.4% at the end of the previous fiscal year to 76.2%. Properties for sale amounted to ¥11,116.174 billion and properties under development for sale to ¥7,352.781 billion. Measures include reviewing selling prices and improving inventory turnover. - FY2023-Q3WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥3,190.791 billion in properties for sale and ¥466.732 million in properties under development for sale, despite a ¥585.454 million decrease in cash and deposits, among other factors.」
Properties for sale increased by ¥3,190.791 billion and properties under development for sale by ¥466.732 million from the end of the previous consolidated fiscal year, further expanding inventory exposure. - FY2023-Q2WorsenedAnnual report
「The main increases in current assets were attributable to a ¥2,253.416 billion increase in properties for sale, despite decreases of ¥191.446 million in cash and deposits and ¥217.942 million in properties under development for sale, among other factors.」
Properties for sale increased by ¥2,253.416 billion from the end of the previous consolidated fiscal year, exceeding the decrease in properties under development for sale and expanding inventory exposure. - FY2023-Q1WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥119.296 million in properties for sale and ¥1,873.177 billion in properties under development for sale, despite a ¥523.420 million decrease in cash and deposits, among other factors.」
Properties for sale increased by ¥119.296 million and properties under development for sale by ¥1,873.177 billion from the end of the previous consolidated fiscal year, expanding inventory exposure. - FY2022WorsenedAnnual report
「Properties for sale, properties under development for sale and other such assets accounted for 74.4% of total assets at the end of the consolidated fiscal year.」
The inventory ratio rose from 72.6% at the end of the previous fiscal year to 74.4%. Properties for sale increased by ¥1,334.295 billion and properties under development for sale by ¥3,810.021 billion, expanding inventory exposure. - FY2022-Q3WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥1,848.925 billion in cash and deposits and ¥4,164.844 billion in properties under development for sale, despite a ¥498.155 million decrease in properties for sale, among other factors.」
Properties for sale decreased, while properties under development for sale increased by ¥4,164.844 billion from the end of the previous consolidated fiscal year, further expanding inventory exposure. - FY2022-Q2WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥2,240.209 billion in cash and deposits and ¥2,687.890 billion in properties under development for sale, despite a ¥713.510 million decrease in properties for sale, among other factors.」
Properties for sale decreased, while properties under development for sale increased by ¥2,687.890 billion from the end of the previous consolidated fiscal year, expanding exposure. - FY2022-Q1WorsenedAnnual report
「The main increases in current assets were attributable to increases of ¥580.511 million in cash and deposits and ¥634.892 million in properties under development for sale, among other factors.」
The balance of properties under development for sale increased by ¥634.892 million from the end of the previous consolidated fiscal year, expanding inventory exposure. - FY2021First statedAnnual report
「Properties for sale, properties under development for sale and other such assets accounted for 72.6% of total assets at the end of the consolidated fiscal year.」
The disclosure explains the possibility of declines in selling prices, discounts, valuation losses, prolonged inventory holding periods and impairment losses.