Reducing Inventory through More Intensive Sales of Long-Term Inventory
First written in FY2022-Q3. 7 of 21 entries say "Advanced", first in FY2022. Latest entry: 2026-10-19.
The whole theme swung hardest in 2020: 8 of 22 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1The increase in inventory narrowedAnnual report
「Current assets at the end of the interim accounting period amounted to ¥15,042.455 million, an increase of ¥1,233.792 million from the end of the previous fiscal year. This was mainly due to a ¥1,079.369 million increase in real estate under development for sale.」
Inventories increased by ¥377.680 million during the interim accounting period. Although the increase narrowed from the ¥1,728.578 million increase in the previous interim accounting period, the buildup of real estate under development for sale continued. - FY2025Inventory buildup resumed due to increased procurementAnnual report
「Funds used in operating activities amounted to ¥1,914.686 million, compared with funds provided of ¥2,898.303 million in the previous fiscal year. The main factor was a decrease in funds of ¥2,458.640 million due to the increase in inventories, despite the recording of pretax net profit of ¥357.883 million.」
Although the company stated that it had reduced long-held inventory for sale, inventories increased by ¥2,458.640 million due to procurement and other factors, becoming a factor reducing cash flow from operating activities. - FY2025-H1Reducing inventory while procuring high-quality landAnnual report
「During the interim accounting period, although the Tokai and Kanto regions continued to be affected by rising construction costs and other factors, we worked to secure a certain level of profit by strengthening the procurement of high-quality land while reducing long-held inventory for sale. The main factor was a decrease in funds of ¥1,728.578 million due to the increase in inventories.」
As the company reduced long-held inventory for sale while strengthening the procurement of high-quality land, inventories increased by ¥1,728.578 million. - FY2024AdvancedAnnual report
「The main factors were a decrease in funds from recording a pretax net loss of ¥749.654 million and an increase in funds from a ¥3,696.535 million decrease in inventories resulting from stronger sales of long-held inventory.」
Stronger sales of long-held inventory reduced inventories by ¥3,696.535 million, improving the balance of real estate held for sale and other inventories from ¥11,920.512 million to ¥8,223.976 million and the inventory holding period from 7.6 months to 6.5 months. - FY2024-Q3AdvancedAnnual report
「This was mainly due to decreases of ¥428.352 million in real estate held for sale and ¥1,675.132 million in real estate under development for sale. The decreases in real estate held for sale and real estate under development for sale resulted from sales, adjustments to inventory levels and other factors.」
Real estate held for sale and real estate under development for sale decreased by a total of ¥2,103.484 million, indicating progress in reducing inventory through sales and adjustments to inventory levels. - FY2024-Q2AdvancedAnnual report
「The main factors were a decrease in funds from recording a pretax quarterly net loss of ¥631.925 million and an increase in funds from a ¥1,353.619 million decrease in inventories resulting from stronger sales of long-held inventory.」
Following the inventory buildup caused by increased procurement through the previous quarter, inventories decreased by ¥1,353.619 million as a result of stronger sales of long-held inventory, becoming a factor increasing cash flow from operating activities. - FY2024-Q1Inventory buildup due to increased procurement based on inventory levelsAnnual report
「The increases in real estate under development for sale and real estate held for sale resulted from increased procurement in light of inventory levels and other factors.」
Real estate under development for sale increased by ¥797.418 million and real estate held for sale by ¥743.053 million, with inventory buildup from increased procurement based on inventory levels continuing. - FY2023AdvancedAnnual report
「We have previously managed inventory according to certain standards, but going forward we will make our sales rules more stringent. We believe this will improve inventory turnover and, in turn, reduce the risk of discounting and improve profit margins.」
The company newly stated that it would tighten its sales rules, and the inventory holding period shortened from 7.8 months to 7.6 months. Meanwhile, the balance of real estate held for sale and other inventories itself increased. - FY2023-Q3Inventory increases from strengthened procurement continueAnnual report
「This was mainly due to a ¥3,242.953 million increase in real estate under development for sale resulting from increased procurement in light of inventory levels and other factors.」
Real estate under development for sale increased further as a result of increased procurement based on inventory levels. - FY2023-Q2Inventory buildup due to increased procurementAnnual report
「This was mainly due to a ¥2,345.018 million increase in real estate under development for sale resulting from increased procurement in light of inventory levels and other factors. The main factor was a decrease in funds of ¥2,185.921 million due to the increase in inventories associated with increased procurement in light of inventory levels.」
Increased procurement based on inventory levels led to increases in real estate under development for sale and inventories, reducing cash flow from operating activities. - FY2023-Q1Inventory increase due to higher procurementAnnual report
「This was mainly due to increases of ¥885.376 million in real estate under development for sale and ¥379.615 million in real estate held for sale. The increases in real estate under development for sale and real estate held for sale resulted from increased procurement in light of inventory levels and other factors.」
Real estate held for sale and other inventories increased by a total of ¥1,264.991 million, with increased procurement based on inventory levels explained as the factor behind the increase. - FY2022AdvancedAnnual report
「The main factors were a decrease in funds of ¥332.514 million due to payment of income taxes and other taxes, offset by increases in funds from recording profit before income taxes of ¥710.467 million and a ¥139.506 million decrease in inventories resulting from stronger sales of long-held inventory.」
The decrease in inventories resulting from stronger sales of long-held inventory was recorded as a factor increasing cash flow from operating activities, and the inventory holding period for real estate held for sale and other inventories shortened from 9.5 months to 7.8 months. - FY2022-Q3First statedAnnual report
「The increase in cash and deposits and the decrease in real estate held for sale resulted from reducing inventory by strengthening sales of long-held inventory and from the issuance of new corporate bonds.」
Real estate held for sale decreased by ¥641.052 million from the end of the previous fiscal year.