Performance Fluctuations Due to the Timing of Real Estate Deliveries
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 4 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group recognizes revenue in its real estate business when a property is delivered to the customer, rather than when the property purchase and sale agreement is signed. Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary substantially depending on the timing and scale of property deliveries.」
The disclosure continues to identify the risk of fluctuations in quarterly operating performance under the delivery-based revenue recognition method. - FY2024RestatedAnnual report
「Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary substantially depending on the timing and scale of property deliveries. In addition, delivery may be delayed by unforeseen circumstances, such as construction delays caused by natural disasters or other unforeseeable events, which may affect the Group's operating performance and financial position.」
The disclosure continues to identify the risks of fluctuations in quarterly operating performance due to the timing and scale of deliveries and delayed deliveries due to construction delays. - FY2023RestatedAnnual report
「Quarterly operating performance may fluctuate significantly because revenue and profit vary substantially depending on the timing and scale of property deliveries. In addition, delivery may be delayed by unforeseen circumstances, such as construction delays caused by natural disasters or other unforeseeable events.」
The disclosure continues to identify the risk of fluctuations in quarterly operating performance due to the timing and scale of deliveries, as well as delayed deliveries due to construction delays. - FY2018RestatedAnnual report
「The Group recognizes revenue when a property is delivered to the customer, rather than when the property purchase and sale agreement is signed. Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary substantially depending on the timing and scale of property deliveries.」
The disclosure continues to identify the risk of fluctuations in quarterly operating performance under the delivery-based revenue recognition method. - FY2017First statedAnnual report
「Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary substantially depending on the timing and scale of property deliveries.」
The disclosure describes the possibility that the timing and scale of property deliveries may cause fluctuations in quarterly operating performance under the delivery-based revenue recognition method.