Post-sale contractual nonconformity and quality issues
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If a contractual nonconformity is discovered after delivery of real estate supplied by the Group, the Group may incur costs for damages, repairs and other responses.」
The risks of repair costs, damages and reputational decline associated with post-delivery contractual nonconformities are reaffirmed. - FY2025RestatedAnnual report
「For detached houses and condominiums, the seller bears contractual nonconformity liability for 10 years after delivery under the Real Estate Brokerage Act and the Act on Promotion of Quality Assurance in Housing.」
The 10-year post-delivery contractual nonconformity liability and quality-control and inspection systems are reaffirmed. - FY2022First statedAnnual report
「For detached houses and condominiums, the seller bears contractual nonconformity liability for 10 years after delivery under the Real Estate Brokerage Act and the Act on Promotion of Quality Assurance in Housing.」
The Group has established checking procedures covering soil, construction materials, fire resistance, seismic performance and construction quality, including inspections by the Company and third-party organizations.