Risks to asset values and rental income from fluctuations in real estate market conditions
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
46 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Regarding the Group's logistics business, land prices and real estate market conditions are susceptible to economic fluctuations, resulting in risks such as falling real estate values, lower rents and higher vacancy rates」
The logistics business continues to face risks from falling real estate values, lower rents and higher vacancy rates. - FY2024RestatedAnnual report
「In the Group's property business, fluctuations in economic conditions can readily affect land prices and real estate market conditions. As a result, declines in property values, lower rents and higher vacancy rates may affect the Group's business and operating performance.」
The property business continues to face risks from falling real estate values, lower rents and higher vacancy rates. - FY2022MitigatedAnnual report
「The Group monitors conditions through monthly performance management and has a system for taking immediate measures, while pursuing risk diversification through business diversification.」
As a response to real estate market volatility risk, the company explicitly identifies monthly performance management, immediate measures and risk diversification through business diversification. - FY2020First statedAnnual report
「In the Group's property business, fluctuations in economic conditions can readily affect land prices and real estate market conditions. As a result, declines in property values, lower rents and higher vacancy rates may affect the Group's business and operating performance.」
As a risk specific to the property business, the company has for the first time separately described the impact on its business and performance of declines in real estate values and rents and increases in vacancy rates.