Risk of dependence on the regional economy and rental demand due to business concentration in the Fukuoka metropolitan area
First written in FY2017. 5 of 8 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
The Company is reaffirming its concentration of management resources in the Fukuoka metropolitan area, its dependence on the economy, employment, rental demand and land prices in that region, and the risks of regulatory changes and intensifying competition. - FY2025RestatedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
The Company is reaffirming its concentration of management resources in the Fukuoka metropolitan area, its dependence on the economy, employment, rental demand and land prices in Fukuoka Prefecture, and the risks of regulatory changes in Fukuoka City and intensifying competition. - FY2024RestatedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
The Company is reaffirming its concentration of management resources in the Fukuoka metropolitan area, its dependence on the economy, employment, rental demand and land prices in Fukuoka Prefecture, and the risks of regulatory changes in Fukuoka City and intensifying competition. - FY2021RestatedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
The Company is reaffirming its concentration of management resources in the Fukuoka metropolitan area and its dependence on the economy, employment, rental demand and land prices in Fukuoka Prefecture. - FY2020WorsenedAnnual report
「However, if intensifying competition makes it impossible to secure the returns initially expected or to operate the business stably, the Group's results may be affected.」
In addition to concentration in the Fukuoka metropolitan area and Fukuoka City regulations, the disclosure identifies the risks of intensifying competition and difficulty securing profitability as the Company expands into the Tokyo metropolitan area and core cities in each prefecture of Kyushu. - FY2019Added explicit disclosure of the risks of Fukuoka City regulations and expansion outside the regionAnnual report
「In Fukuoka City, where the Group supplies asset-management condominiums, regulations have been enacted under the Fukuoka City Ordinance on the Prevention and Coordination of Building Disputes and other legislation. These regulations require the installation of building manager's rooms, parking and bicycle parking facilities, and other features in studio apartment buildings. The Company has appropriately addressed these regulations in its project development, but if regulatory changes or other developments make compliance difficult, the Group's results may be affected.」
In addition to the concentration risk in the Fukuoka metropolitan area, the disclosure specifically describes regulations relating to building disputes in Fukuoka City and the potential impact on results if regulatory changes make compliance more difficult. - FY2018RestatedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
The Company is reaffirming its concentration of management resources in the Fukuoka metropolitan area and its dependence on the economy, employment, rental demand and land prices in Fukuoka Prefecture. - FY2017First statedAnnual report
「The Group has operated its business efficiently by focusing on the Fukuoka metropolitan area and concentrating its management resources in that region. Accordingly, the Group's results may be affected by economic and employment conditions, rental demand, land prices and other trends in Fukuoka Prefecture, particularly Fukuoka City.」
While concentrating management resources in the Fukuoka metropolitan area improves efficiency, dependence on the economy, employment, rental demand and land prices in Fukuoka Prefecture is identified as a risk.