Risk of development delays due to the bankruptcy or deterioration in the financial condition of outsourced construction companies, quality defects, and other factors
First written in FY2017. 6 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For condominium construction, we carefully consider each construction company's construction capabilities, track record and financial condition before entering into a construction contract for each project.」
The company has reaffirmed the risks associated with selecting construction companies, schedule and quality management, and repair costs resulting from the inability to fulfill warranty obligations after completion. - FY2025RestatedAnnual report
「However, if problems arise, such as unexpected increases in construction costs, selective order acceptance by construction companies, the bankruptcy of a construction company or defects in construction quality, the project development plan may be disrupted, which could affect the performance of our group.」
The company has reaffirmed the risks of rising construction costs, selective order acceptance or bankruptcy by construction companies, construction quality defects, and repair costs resulting from the inability to fulfill warranty obligations after completion. - FY2024RestatedAnnual report
「However, if problems arise, such as unexpected increases in construction costs, selective order acceptance by construction companies, the bankruptcy of a construction company or defects in construction quality, the project development plan may be disrupted, which could affect the performance of our group.」
The company has reaffirmed the risks of rising construction costs, selective order acceptance or bankruptcy by construction companies, construction quality defects, and repair costs resulting from the inability to fulfill warranty obligations after completion. - FY2021RestatedAnnual report
「However, if problems arise, such as unexpected increases in construction costs, selective order acceptance by construction companies, the bankruptcy of a construction company or defects in construction quality, the project development plan may be disrupted, which could affect the performance of our group. In addition, if, after completion of a property, warranty obligations under the construction contract cannot be fulfilled because of the bankruptcy of a construction company or other reasons, we may become obligated to carry out repairs or take other measures, resulting in unexpected expenses that could affect the performance of our group.」
The company has reaffirmed the risks of rising construction costs, selective order acceptance or bankruptcy by construction companies, construction quality defects, and repair costs resulting from the inability to fulfill warranty obligations after completion. - FY2020Added the risk that warranty obligations cannot be fulfilled after completionAnnual report
「In addition, if, after completion of a property, warranty obligations under the construction contract cannot be fulfilled because of the bankruptcy of a construction company or other reasons, we may become obligated to carry out repairs or take other measures, resulting in unexpected expenses that could affect the performance of our group.」
In addition to the existing risks of construction company bankruptcy and quality defects, the company explicitly identified the possibility that, after completion, failure to fulfill warranty obligations could result in repair obligations for the company. - FY2019RestatedAnnual report
「For condominium construction, we carefully consider each construction company's construction capabilities, track record and financial condition before entering into a construction contract for each project. In addition, our construction management personnel, who hold Level 1 Construction Management Engineer qualifications, attend schedule meetings and review supervision reports, oversee construction quality and the status of design and construction supervision, and take every possible measure to manage the schedule and quality of construction work.」
The company has reaffirmed its policy of verifying construction schedules, quality, and design and construction supervision through Level 1 Construction Management Engineers, in addition to selecting construction companies. - FY2018RestatedAnnual report
「For condominium construction, we carefully consider each construction company's construction capabilities, track record and financial condition before entering into a construction contract for each project.」
The company has reaffirmed its policy of addressing the risk of outsourced construction company bankruptcies and quality defects through the selection of construction companies and schedule and quality management. - FY2017First statedAnnual report
「However, if problems arise, such as unexpected increases in construction costs, selective order acceptance by construction companies, the bankruptcy of a construction company or defects in construction quality, the project development plan may be disrupted, which could affect the performance of our group.」
The company notes that rising construction costs, selective order acceptance or bankruptcy by construction companies, and construction quality defects could affect project plans and performance.