Komori
STrust (3280) · TargetNew fiscal year plan and contract progress update

Early sell-out of condominium projects

First written in FY2017-Q1. 28 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2027-H1.

36entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2018AdvancedFY2020-Q2 – FY2022-Q3AdvancedFY2023-Q1 – FY2025-H12016: 220162017: 420172018: 420182019: 320192020: 420202021: 420212022: 420222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Contract Backlog and Scheduled Deliveries in the Condominium Development BusinessA theme 7 companies write about · 1 as a headwind · 13 as a tailwind

The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.

2 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1New fiscal year plan and contract progress updateAnnual report

    「In our core real estate development business, 47 condominiums were delivered, down 218 units from the same period of the previous year. Of the 366 units scheduled for delivery during the full year, 295 have already been contracted, representing a contract progress rate of 80.6%.」

    Of the newly planned 366 units for full-year delivery, 295 had been contracted, representing a contract progress rate of 80.6%.
  2. FY2026Updated full-year deliveries and contracted backlogAnnual report

    「In our core real estate development business, delivery was completed for 404 condominiums, which make a significant contribution to revenue, down 21 units from the previous fiscal year.」

    Full-year condominium deliveries totaled 404 units, close to the plan of 405 units for the fiscal year ending February 2026. Contracted units totaled 331, with a contract backlog of 250 units; an early sellout was not specifically indicated.
  3. 2026-04-10AdvancedRevisions to earnings forecasts

    「As of the end of February 2026, contracts had already been completed for 214 of the 366 condominium units scheduled for delivery, representing a contract progress rate of 58.5%.」

    Specific contract progress was reported against the condominium delivery plan for the fiscal year ending February 2027.
  4. FY2026-H1AdvancedAnnual report

    「Of the 405 units scheduled for delivery during the full year, 361 have already been contracted, representing a contract progress rate of 89.0%.」

    Against the plan to deliver 405 condominiums in the fiscal year ending February 2026, contracts had been signed for 361 units, representing a contract progress rate of 89.0%.
  5. FY2025Updated full-year deliveries and contracted backlogAnnual report

    「In our core real estate development business, delivery was completed for 425 condominiums, which make a significant contribution to revenue, up 76 units from the same period of the previous year.」

    Full-year condominium deliveries totaled 425 units. Contracted units totaled 377, with a contract backlog of 323 units, updating sales progress toward an early sellout.
  6. FY2025-H1AdvancedAnnual report

    「Of the 437 units scheduled for delivery during the full year, 420 have already been contracted, representing a contract progress rate of 96.1%.」

    The number of contracted units against the full-year delivery plan of 437 increased from 370 units, or 84.5%, in the previous first quarter to 420 units, or 96.1%, indicating further progress toward an early sellout.
  7. FY2025-Q1AdvancedAnnual report

    「Of the 437 condominium units scheduled for delivery during the full fiscal year, 370 had already been contracted, representing a contract progress rate of 84.5%.」

    Of the newly planned 437 units for full-year delivery, 370 had been contracted, representing a contract progress rate of 84.5%. Concrete sales progress toward an early sellout was updated.
  8. FY2024-Q3AdvancedAnnual report

    「In our core real estate development business, 333 units of the condominiums that make a significant contribution to revenue have already been contracted, against a full-year delivery plan of 374 units, representing a contract progress rate of 89.0%.」

    The number of contracted units against the full-year delivery plan for 374 condominiums increased from 304 units, or 81.3%, in the previous quarter to 333 units, or 89.0%.
  9. FY2024-Q2AdvancedAnnual report

    「Contracts had already been secured for 304 units against full-year planned deliveries of 374 units, representing contract progress of 81.3%.」

    The number of contracted units against the 374-unit condominium delivery plan for the fiscal year ending February 2024 increased from 257 units, or 68.7%, in the first quarter to 304 units, or 81.3%.
  10. FY2023AdvancedAnnual report

    「Condominiums 411 13,135 408 14,153 7.8」

    Annual contracted condominium units declined from 411 in the previous fiscal year to 408, but the contract value increased from ¥13,135 million to ¥14,153 million. The contract backlog also reached 316 units, worth ¥10,654 million, updating the accumulation of contracts toward an early sellout.
  11. FY2023-Q3AdvancedAnnual report

    「In the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 369 units against full-year planned deliveries of 373 units, representing contract progress of 99.1%.」

    The number of contracted units against the full-year delivery plan of 373 increased from 354 units, or 94.9%, to 369 units, or 99.1%, marking further progress toward an early sellout.
  12. FY2023-Q2AdvancedAnnual report

    「In the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 354 units against full-year planned deliveries of 373 units, representing contract progress of 94.9%.」

    The number of contracted units against full-year planned deliveries of 373 increased from 324 units, or 86.7%, in the previous quarter to 354 units, or 94.9%, marking tangible progress toward an early sellout.
  13. FY2023-Q1AdvancedAnnual report

    「In the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 324 units against full-year planned deliveries of 373 units, representing contract progress of 86.7%.」

    Against full-year planned deliveries of 373 units for the fiscal year ending February 2023, 324 units had been contracted, representing contract progress of 86.7%.
  14. FY2022Decline in annual contracted units and contract backlog updateAnnual report

    「Condominiums 483 15,430 411 13,135 △14.9」

    Annual contracted condominium units fell from 483 in the previous fiscal year to 411, while the contract value declined from ¥15,430 million to ¥13,135 million. The contract backlog was 286 units, worth ¥8,967 million, updating the full-year contract status toward an early sellout.
  15. FY2022-Q3AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 419 units against full-year planned deliveries of 424 units, representing contract progress of 98.9%.」

    The number of contracted units against full-year planned deliveries of 424 increased from 380 units, or 89.7%, in the previous quarter to 419 units, or 98.9%, marking further progress toward an early sellout.
  16. FY2022-Q2AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 380 units against full-year planned deliveries of 424 units, representing contract progress of 89.7%.」

    The number of contracted units against the full-year delivery plan of 424 increased from 332 units, or 78.3%, in the first quarter to 380 units, or 89.7%.
  17. FY2022-Q1AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 332 units against full-year planned deliveries of 424 units, representing contract progress of 78.3%.」

    Against full-year planned deliveries of 424 units for the fiscal year ending February 2022, 332 units had been contracted, representing contract progress of 78.3%.
  18. FY2021AdvancedAnnual report

    「Condominiums 523 15,360 483 15,430 0.5」

    Annual contracted condominium units totaled 483, and the contract value was ¥15,430 million. While the full-year results show progress in accumulating contracts toward an early sellout, the contract backlog was 299 units, and completion of a sellout was not explicitly stated.
  19. FY2021-Q3AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 435 units against full-year planned deliveries of 470 units, representing contract progress of 92.6%.」

    The number of contracted units against full-year planned deliveries of 470 increased from 339 units, or 72.1%, to 435 units, or 92.6%, marking tangible progress toward an early sellout.
  20. FY2021-Q2AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 339 units against full-year planned deliveries of 470 units, representing contract progress of 72.1%.」

    The number of contracted units against full-year planned deliveries of 470 increased from 270 units, or 57.4%, in the previous quarter to 339 units, or 72.1%, marking tangible progress toward an early sellout.
  21. FY2021-Q1AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 270 units against full-year planned deliveries of 470 units, representing contract progress of 57.4%.」

    Against full-year planned deliveries of 470 units, 270 units had been contracted, representing contract progress of 57.4%. Both the number of contracted units and the progress rate increased from 252 units and 55.9%, respectively, previously.
  22. FY2020AdvancedAnnual report

    「Condominiums 193 5,581 284 8,670 55.4」

    The contract backlog for condominiums increased from 193 units in the previous fiscal year to 284 units, while the contract value increased from ¥5,581 million to ¥8,670 million. This indicates progress in accumulating contracts toward an early sellout.
  23. FY2020-Q3AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 362 units against full-year planned deliveries of 451 units, representing contract progress of 80.3%.」

    The number of contracted units against full-year planned deliveries of 451 increased from 314 units, or 69.6%, to 362 units, or 80.3%, marking tangible progress in contracts.
  24. FY2020-Q2AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 314 units against full-year planned deliveries of 451 units, representing contract progress of 69.6%.」

    The number of contracted units against full-year planned deliveries of 451 increased from 252 units, or 55.9%, in the previous quarter to 314 units, or 69.6%, marking tangible progress in contracts.
  25. FY2020-Q1RestatedAnnual report

    「In addition, the condominium business had already secured contracts for 252 units against full-year planned deliveries of 451 units, representing contract progress of 55.9%.」

    The number of contracted units against new full-year planned deliveries of 451 was 252, representing contract progress of 55.9%. Following completion of the previous fiscal year's contract progress, this describes progress under the new fiscal year's sales plan.
  26. FY2019-Q3AchievedAnnual report

    「In addition, the condominium business had already secured contracts for 468 units against full-year planned deliveries of 466 units, representing contract progress of 100.4%.」

    The number of contracted units reached 468 against full-year planned deliveries of 466, bringing contract progress to 100.4%, above 100%. This indicates that contract progress based on planned deliveries had reached the completion level.
  27. FY2019-Q2AdvancedAnnual report

    「In addition, the condominium business had already secured contracts for 409 units against full-year planned deliveries of 466 units, representing contract progress of 87.8%.」

    The number of contracted units against full-year planned deliveries of 466 increased from 318 units, or 68.2%, in the first quarter of the previous fiscal year to 409 units, or 87.8%, marking tangible progress toward an early sellout.
  28. FY2019-Q1RestatedAnnual report

    「In addition, the condominium business had already secured contracts for 318 units against full-year planned deliveries of 466 units, representing contract progress of 68.2%.」

    Against full-year planned deliveries of 466 units, 318 units had been contracted, representing contract progress of 68.2%. This was effectively at the same level as 316 units and 68.3% in the first quarter of the previous fiscal year; progress toward an early sellout continued, but it was not considered tangible progress.
  29. FY2018AdvancedAnnual report

    「In this market environment, 420 units were delivered in the condominium business, which makes a significant contribution to earnings. In the detached housing business operated in Yamaguchi Prefecture, 57 units were delivered. As a result, total deliveries of condominiums and detached houses for the fiscal year were 477 units, down 15 units year on year, but revenue increased as a result of selling income-producing real estate and other transactions.」

    Condominium deliveries for the year totaled 420 units, while contracted units totaled 425. The contract backlog stood at 251 units, and achievement of an early sellout was not explicitly stated.
  30. FY2018-Q3AdvancedAnnual report

    「In this market environment, of the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 398 units against full-year planned deliveries of 463 units, representing contract progress of 86.0%.」

    The number of contracted units against full-year planned deliveries of 463 increased from 354 units, or 76.5%, in the previous quarter to 398 units, or 86.0%, marking tangible progress in contracts.
  31. FY2018-Q2AdvancedAnnual report

    「In this market environment, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 354 units against full-year planned deliveries of 463 units, representing contract progress of 76.5%.」

    The number of contracted units against full-year planned deliveries of 463 increased from 316 units, or 68.3%, in the previous quarter to 354 units, or 76.5%.
  32. FY2018-Q1AdvancedAnnual report

    「In this market environment, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 316 units against full-year planned deliveries of 463 units, representing contract progress of 68.3%.」

    Against new full-year planned deliveries of 463 units, contracts had been secured for 316 units, representing contract progress of 68.3%, indicating tangible progress.
  33. FY2017AdvancedAnnual report

    「In this market environment, of the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, completed deliveries of 443 units against full-year planned deliveries of 404 units.」

    Deliveries of 443 units were completed against full-year planned deliveries of 404, exceeding the planned number of units. However, the contract backlog stood at 246 units, and achievement of an early sellout was not stated.
  34. FY2017-Q3AdvancedAnnual report

    「In this market environment, of the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 352 units against full-year planned deliveries of 404 units, representing contract progress of 87.1%.」

    The number of contracted units against full-year planned deliveries of 404 increased from 318 units, or 78.7%, in the previous quarter to 352 units, or 87.1%, marking tangible progress in contracts.
  35. FY2017-Q2AdvancedAnnual report

    「In this market environment, of the Company's core real estate development business, its condominium projects, which make a significant contribution to earnings, had already secured contracts for 318 units against full-year planned deliveries of 404 units, representing contract progress of 78.7%.」

    The number of contracted units against full-year planned deliveries of 404 increased from 278 units, or 68.8%, to 318 units, or 78.7%, marking tangible progress toward an early sellout.
  36. FY2017-Q1First statedAnnual report

    「Against this market backdrop, as a result of focusing on early sell-out, 278 of the 404 condominium units scheduled for delivery during the full fiscal year have already been contracted, representing a contract progress rate of 68.8%.」

    Of the 404 units scheduled for delivery during the full fiscal year, 278 had been contracted, for a contract progress rate of 68.8%. The focus on early sell-out is stated as a goal and stance, but no specific sales method is identified.
Moved together

"Increase in managed properties and condominium units under management" moved the same way as this thread, in the same document, in 25 of its 36 moves.

251817998★123456
  1. ★This thread
  2. 1Increase in managed properties and condominium units under management25×
  3. 2Sharp increase in income from real estate acquisitions and resales18×
  4. 3Delivery results for condominiums and detached houses17×
  5. 4Dividends on Common Shares9×
  6. 5More than 6,000 units under management and development of the organizational structure9×
  7. 6Lower revenue and a segment loss in the condominium development and sales business8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for STrust yet. It last moved in the Revisions to earnings forecasts of 2026-04-10: "Advanced".
News
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