Nonconformity Liability for Real Estate Held for Sale
First written in FY2022. 4 of 6 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
「Before entering into contracts for real estate held for sale, the responsible department and the administrative division specify risks in the contracts as far as possible and work to reduce them, but」
The risk of nonconformity liability and the practice of specifying risks in contracts before execution continue. - 2026-06-12MitigatedOther Disclosures
「In addition, we provide coverage for up to three years, subject to maximum limits, for equipment such as plumbing fixtures, water heaters, ventilation fans, air conditioners and fittings, enabling you to live with peace of mind after purchasing a home.」
In addition to contractual nonconformity liability, the company presented coverage of residential equipment for up to three years, specifying its post-sale support. - FY2025RestatedAnnual report
「Before entering into contracts for real estate held for sale, the responsible department and the administrative division specify risks in the contracts as far as possible and work to reduce them, but」
The risk of nonconformity liability and the practice of specifying risks in contracts before execution continue. - FY2024RestatedAnnual report
「Before entering into contracts for real estate held for sale, the responsible department and the administrative division specify risks in the contracts as far as possible and work to reduce them.」
The risk of nonconformity liability and the practice of specifying risks in contracts before execution continue. - FY2023RestatedAnnual report
「Before entering into contracts for real estate held for sale, the responsible department and the administrative division specify risks in the contracts as far as possible and work to reduce them.」
The risks of contract cancellation, damages and costs to cure nonconformities, and the practice of specifying risks before contracting, continue to be disclosed. - FY2022First statedAnnual report
「If a nonconformity is found in real estate sold by our group, we may bear nonconformity liability as the seller. This could affect our group's operating results and financial condition through contract cancellation, claims for damages by the buyer and costs incurred to cure the nonconformity.」
The risks of contract cancellation, damages and costs to cure nonconformities when nonconforming real estate is sold were disclosed as a new standalone item. The company also states that it specifies risks in contracts before execution.