Reducing Price Volatility Risk and Improving Asset Efficiency Through Early Property Sales
First written in FY2016. 7 of 20 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 8 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Renewed Increase in Inventories of Real Estate for SaleAnnual report
「Properties held for sale 40,883 123,470」
The balance of properties held for sale increased from ¥40,883 thousand at the end of the previous consolidated fiscal year to ¥123,470 thousand, indicating renewed inventory growth despite the policy of improving asset efficiency through early sales. - FY2025-H1No sale of properties held for sale during the interim periodAnnual report
「The fact that no properties held for sale were sold」
No properties held for sale were sold during the current interim consolidated accounting period, illustrating continued fluctuations in cash recovery and earnings depending on the timing of sales. - FY2024AdvancedAnnual report
「This was mainly attributable to an increase of ¥337,625 thousand in cash and deposits and a decrease of ¥306,635 thousand in inventories, among other factors.」
Inventories, including properties held for sale, declined by ¥306,635 thousand, indicating progress in reducing inventory and recovering cash through sales. - FY2022-Q3AdvancedAnnual report
「In the Principal Investment Business, we sold 4 properties held for sale during the cumulative third quarter. As a result, revenue was ¥1,895,068 thousand, up 207.0% year on year, and segment profit (operating profit) was ¥528,154 thousand, compared with a segment operating loss of ¥265,353 thousand in the same period of the previous year.」
The Company sold 4 properties held for sale during the cumulative third quarter, an increase from the 2 sales during the cumulative second quarter. - FY2022-Q2AdvancedAnnual report
「During the cumulative second quarter, we sold 2 properties held for sale and recognized an inventory write-down of ¥45,374 thousand for properties held for sale in Asahikawa and Mobara for which sale and purchase agreements had already been signed.」
The sale of 2 properties advanced sales activities, although the text does not establish whether the 1-year sale policy was met. An inventory write-down was also recognized on contracted properties. - FY2022-Q1Sale completed after delayed settlementAnnual report
「Settlement for Wakayama Marina City, a property held for sale for which the sale and purchase agreement had been signed in the previous fiscal year but settlement and delivery had been delayed, was successfully completed on 15 June, and revenue was recognized.」
A property whose settlement and delivery had been delayed from the previous fiscal year was sold on 15 June. The text does not establish whether the early-sale policy was met. - FY2021-Q3AdvancedAnnual report
「In the Principal Investment Business, we sold 6 properties held for sale during the cumulative third quarter. As a result, revenue was ¥617,196 thousand (revenue in the same quarter of the previous year: ¥— thousand), and segment loss (operating loss) was ¥265,353 thousand (operating loss in the same period of the previous year: ¥208,258 thousand).」
The number of properties held for sale sold increased from 5 in the cumulative second quarter to 6. The text does not establish whether the 1-year early-sale standard was met. - FY2021-Q2AdvancedAnnual report
「Because the impact of the spread of COVID-19 remained uncertain, we revised the planned sale prices of some properties held for sale during the first quarter to accelerate recovery of invested capital and recognized an inventory write-down. These properties had been sold by the end of the second quarter, and we prepared the accounting estimates on the assumption that any further impact on the valuation of properties held for sale and other assets would be minor.」
The properties whose planned sale prices were revised had been sold by the end of the second quarter, demonstrating progress toward early sales. The text does not establish whether they were sold within 1 year of acquisition. - FY2021-Q1AdvancedAnnual report
「Because the impact of the spread of COVID-19 remained uncertain, we revised the planned sale prices of some properties held for sale to accelerate the recovery of invested capital. This led to several sale and purchase agreements being signed from July 2020 onward and the recognition of an inventory write-down totaling ¥84,397 thousand.」
Planned sale prices were revised to accelerate recovery of invested capital and led to several agreements being signed from July 2020 onward, while an inventory write-down of ¥84,397 thousand was recognized. - FY2020AdvancedAnnual report
「In the Principal Investment Business, we continuously pursued sales of properties held for sale, but completed only 2 sales.」
The consolidated fiscal year recorded 2 sales, although the text does not establish whether the properties were sold within 1 year of acquisition. - FY2020-Q3Sale and purchase agreement signed but delivery not completedAnnual report
「Although we entered into a sale and purchase agreement for a property held for sale in Shinjuku Ward, Tokyo, no property held for sale was delivered during the cumulative period, and therefore no revenue was recognized.」
A sale and purchase agreement was signed, but delivery and revenue recognition did not occur during the cumulative third quarter, so the early-sale objective was not achieved. - FY2020-Q2No sale of properties held for sale in the cumulative second quarterAnnual report
「In the Principal Investment Business, no properties held for sale were sold during the cumulative second quarter.」
No properties held for sale were sold during the cumulative second quarter, despite the policy of improving asset efficiency through early sales. - FY2020-Q1No sale of properties held for sale in the first quarterAnnual report
「In the Principal Investment Business, no properties held for sale were sold during the cumulative first quarter.」
No properties held for sale were sold in the first quarter, despite the policy of improving asset efficiency through early sales. - FY2019-Q3No sale of properties held for sale in the cumulative third quarterAnnual report
「Although no properties held for sale were sold during the current third-quarter consolidated accounting period,」
No properties held for sale were sold during the current third-quarter consolidated accounting period, despite the policy of improving asset efficiency through early sales. - FY2019-Q1Sales not completed; internal coordination difficultAnnual report
「In the Principal Investment Business, we actively pursued sales of properties held, but were unable to recognize revenue because internal coordination at the intended purchaser stalled and no agreement could be reached.」
Sales efforts continued, but internal coordination at the intended purchaser stalled, preventing a sale and revenue recognition. - FY2018RestatedAnnual report
「After acquisition, we generally work toward selling properties within 1 year in accordance with our plans. However, if sales do not proceed as planned and properties remain in inventory for reasons such as sudden market changes, or if an inventory write-down is recognized following a review of inventory valuations, this may affect the group's operating results and financial position.」
The annual report continues to disclose the policy of generally selling properties within 1 year after acquisition and the inventory risks arising from delays. - FY2018-Q2Sold more than 1 year after acquisitionAnnual report
「In the Principal Investment Business, we acquired in April 2016 a low-occupancy building near Yamashita Park, a tourist attraction in Yokohama, resolved its rights structure and related matters, and sold it in September 2017 as land for business development.」
The property was acquired in April 2016 and sold in September 2017, representing a sale more than 1 year after acquisition relative to the existing policy of generally selling within 1 year. - FY2018-Q1Sales not completed during the quarterAnnual report
「However, because we did not sell any of the properties held for sale during the cumulative first quarter, revenue was ¥200,059 thousand, down 90.2% year on year; operating loss was ¥44,265 thousand, compared with operating profit of ¥659,734 thousand in the same period of the previous year; ordinary loss was ¥52,030 thousand, compared with ordinary profit of ¥638,537 thousand; and net loss attributable to owners of the parent was ¥33,066 thousand, compared with net income attributable to owners of the parent of ¥440,868 thousand.」
Despite the policy of improving asset efficiency through early sales after acquisition, no properties held for sale were sold during the quarter, affecting financial performance. - FY2017RestatedAnnual report
「By selling properties within approximately 1 year of acquisition, we reduce the price volatility risk specific to real estate while improving asset efficiency by increasing inventory turnover.」
The policy of selling properties within approximately 1 year of acquisition is reiterated as a means of reducing risk and improving asset efficiency. - FY2016First statedAnnual report
「By selling properties within approximately 1 year of acquisition, we reduce the price volatility risk specific to real estate while improving asset efficiency by increasing inventory turnover.」
The policy of selling properties within approximately 1 year of acquisition is linked to risk reduction and improved asset efficiency.