Risk of Deteriorating Cash Flow and Inventory Write-Downs from Rising Slow-Moving Inventory
First written in FY2021. 6 of 9 entries say "Restated". Latest entry: 2026-10-14.
The whole theme swung hardest in 2026: 23 of 41 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2025RestatedAnnual report
「There is a possibility that stagnant inventory resulting from delays in project plans could lead to deteriorating cash flows and increased interest expense, among other effects.」
The risks of stagnant inventory, deteriorating cash flows and increased interest expense due to declining demand and delays in plans continue. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters among those relating to the business and financial conditions described in this interim securities report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the risk of deteriorating cash flows and recording valuation losses due to an increase in stagnant inventory. - FY2025-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the risk of deteriorating cash flows and recording valuation losses due to an increase in stagnant inventory. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the risk of deteriorating cash flows and recording valuation losses due to an increase in stagnant inventory. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the risk of deteriorating cash flows and recording valuation losses due to an increase in stagnant inventory. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the risk of deteriorating cash flows and recording valuation losses due to an increase in stagnant inventory. - FY2021First statedAnnual report
「If demand for condominiums and detached houses declines due to a sharp deterioration in economic conditions, higher interest rates resulting from financial-market conditions or amendments to housing-related tax rules, the Group may find it difficult to execute its sales plans. This could lead to higher stagnant inventory due to project delays, worsening cash flows and higher interest costs. In addition, if impairment losses are recognized on property for sale, property under development for sale or other assets whose net realizable value falls below cost under the accounting standard for inventory valuation, this could affect the Group's business results.」
The company first explicitly identified the risk that weaker demand or project delays could increase stagnant inventory and affect results through cash flows, interest costs and impairment losses.