Deterioration in Liquidity From Falling Selling Prices and Difficulty Selling Properties
First written in FY2016. 4 of 11 entries say "Materialised", first in FY2021-Q1. Latest entry: 2026-05-13.
Intrance moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 9 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- 2026-05-13MaterialisedFinancial results presentation
「Resale of accommodation facilities was not achieved」
No resale of accommodation facilities was completed in the fiscal year ended March 2026. Several hot spring ryokan resale projects in the pipeline were also recorded as negotiations ended or lost. - FY2024RestatedAnnual report
「If the group is forced to sell property held for sale at prices substantially below plan, or if the properties themselves prove difficult to sell, its liquidity could deteriorate significantly, potentially impairing its ability to repay borrowings.」
The company continues to disclose the risk linking falling selling prices and difficulty selling properties with liquidity and debt repayment. - FY2024-Q2MitigatedAnnual report
「In the Real Estate Business, we focused primarily on property management during the cumulative second quarter. In addition, one sale of a property held for sale was completed, and the sale proceeds made a significant contribution to earnings. As a result, revenue was ¥440,822 thousand, up 256.3% year on year, and segment profit (operating profit) was ¥219,188 thousand, up 2,682.1% year on year.」
The sale of 1 property held for sale was completed, advancing the conversion into cash of inventory subject to risks of difficulty selling properties and deteriorating liquidity. - FY2022-Q3MitigatedAnnual 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 sale of 4 properties held for sale and recognition of segment profit of ¥528.154 million advanced the conversion into cash of inventory subject to risks of difficulty selling properties and deteriorating liquidity. - FY2022-Q2MaterialisedAnnual 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.」
A valuation loss of ¥45.374 million was recognized on property held for sale for which a sale and purchase agreement had been signed, and the decline in selling prices and valuations has emerged as an actual loss. - FY2022-Q1MitigatedAnnual 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.」
The sale of property held for sale whose settlement and handover had been delayed was completed, reducing the assets subject to liquidity risk from difficulty selling the properties. The direct impact on selling prices and debt repayment cannot be determined from the main text. - FY2021-Q2MaterialisedAnnual report
「However, owing to the impact of COVID-19, the principal investment business recorded a loss after selling properties at reduced planned selling prices to recover invested capital early. The herb garden operations were also sluggish because of a decline in orders from customers to whom products were delivered.」
Properties were sold at reduced planned selling prices to recover invested capital early, resulting in a loss. The risk of losses from falling selling prices has therefore materialized. - FY2021-Q1MaterialisedAnnual report
「As stated in the release dated 29 May 2020, “Notice Regarding the Agreed Cancellation of the Real Estate Sale and Purchase Agreement for Accommodation Facilities Developed for Inbound Tourists” (Progress of Disclosed Matters), the company recognized ¥168.215 million in non-operating expenses related to the agreed cancellation of the real estate sale and purchase agreement.」
The real estate sale and purchase agreement for accommodation facilities developed for inbound tourists was cancelled by agreement, and a contract cancellation loss of ¥168.215 million was recognized. - FY2018RestatedAnnual report
「If the Group is forced to sell real estate held for sale at prices substantially below plan, or has difficulty selling the properties at all, its cash flow could deteriorate significantly and it could face difficulty repaying borrowings.」
The company continues to disclose the risk linking falling selling prices and difficulty selling properties with liquidity and debt repayment. - FY2017RestatedAnnual report
「If the group is forced to sell property held for sale at prices substantially below plan, or if the properties themselves prove difficult to sell, its liquidity could deteriorate significantly, potentially impairing its ability to repay borrowings.」
The company reiterates the risk linking falling selling prices and difficulty selling properties with liquidity and debt repayment. - FY2016First statedAnnual report
「If the Group is forced to sell real estate held for sale at prices substantially below plan, or has difficulty selling the properties at all, its cash flow could deteriorate significantly and it could face difficulty repaying borrowings.」
The Company links the sale price and marketability of real estate held for sale to cash flow and debt repayment.