Financing Risks Associated with Expansion of Real Estate Investment
First written in FY2022. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2025: 16 of 29 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To achieve this, investment of approximately ¥100 billion will be required in content, DX and systems, real estate, productivity improvements, safety and security, and other areas. However, various factors could make financing difficult, including a decline in financing capacity due to deterioration in the group’s performance or changes in its credit ratings, and higher financing costs in the financial markets resulting from policy changes.」
The company continues to indicate the need for approximately ¥100 billion of investment required for its individual-customer business, federal strategy and town-making initiatives, along with financing risks arising from interest rates, credit ratings and business performance. - FY2025WorsenedAnnual report
「To achieve this, investment of approximately ¥100 billion will be required in content, DX and systems, real estate, productivity improvements, safety and security, and other areas.」
The company specified funding needs of approximately ¥100 billion for strategic investments in real estate, DX and other areas, and defined the risk of delays or changes in strategy if financing becomes difficult due to business performance, credit ratings or market interest rates. - FY2022First statedAnnual report
「If financing becomes difficult due to deterioration in the group’s performance, changes in its credit ratings, or higher financing costs in the financial markets resulting from policy changes, this could adversely affect the group’s financial condition, delay the execution of its business plans and force changes to its strategies.」
Assuming increased funding needs for real estate rebuilding and renovations, the company newly classified financing risk arising from business performance, credit ratings and market interest rates.