Securing cash and fixed costs assuming a 35% decline in land prices
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「Based on its experience during the global financial crisis triggered by the collapse of Lehman Brothers, the company assumes a maximum decline of 35% in land prices for its development sites in Tokyo's 23 wards within a 10-minute walk of a station. As a guideline, it secures 35% of the total inventory of real estate acquired each month before sales contracts are executed and maintains funds equivalent to 2 years of fixed costs.」
The company reconfirmed its liquidity guideline of securing 35% of the total inventory of real estate before contracts are executed, together with 2 years of fixed costs, assuming a 35% decline in land prices. - FY2023RestatedAnnual report
「The company assumes a maximum decline of 35% in land prices for its development sites in Tokyo's 23 wards within a 10-minute walk of a station. As a guideline, it secures 35% of the total inventory of real estate acquired each month before sales contracts are executed and maintains funds equivalent to 2 years of fixed costs.」
Assuming a 35% decline in land prices, the company reconfirmed its liquidity guideline of securing 35% of the total inventory of real estate before contracts are executed, together with 2 years of fixed costs. - FY2022RestatedAnnual report
「Based on its experience during the global financial crisis triggered by the collapse of Lehman Brothers, the company assumes a maximum decline of 35% in land prices for its development sites in Tokyo's 23 wards within a 10-minute walk of a station. As a guideline, it secures 35% of the total inventory of real estate acquired each month before sales contracts are executed and maintains funds equivalent to 2 years of fixed costs.」
Assuming a 35% decline in land prices, the company reconfirmed its liquidity guideline of securing 35% of the total inventory of real estate before contracts are executed, together with 2 years of fixed costs. - FY2019First statedAnnual report
「Based on its experience during the global financial crisis triggered by the collapse of Lehman Brothers, the company assumes a maximum decline of 35% in land prices for its development sites in Tokyo's 23 wards within a 10-minute walk of a station. As a guideline, it secures 35% of the total inventory of real estate acquired each month before sales contracts are executed and maintains funds equivalent to 2 years of fixed costs.」
Assuming a 35% decline in land prices, the company has disclosed for the first time a liquidity guideline of maintaining, in cash and deposits, 35% of the total inventory of real estate before sales contracts are executed, together with 2 years of fixed costs.