Risk of Declining Investment Appetite Due to Tax Reform for Overseas Real Estate
First written in FY2020-Q1. 2 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2021.
0 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Following tax reforms relating to overseas real estate announced at the end of 2019, investment appetite for US real estate temporarily declined. However, demand for investment for the purpose of asset diversification recovered, and business performance remained strong.」
The decline in investment appetite due to tax reforms was described as temporary, and the Company explained that demand for asset diversification recovered. - FY2020MaterialisedAnnual report
「Investment appetite for US real estate temporarily declined due to tax reforms relating to overseas real estate, while business discussions also decreased as measures were taken to prevent the spread of COVID-19, resulting in an impact on the business, although」
The decline in investment appetite due to overseas real estate tax reforms was described as an actual business impact, compounded by fewer business discussions due to the pandemic. - FY2020-Q3MaterialisedAnnual report
「Investment appetite for US real estate declined due to tax reforms relating to overseas real estate, and business discussions decreased as measures were taken to prevent the spread of COVID-19. These factors had a certain impact, although demand for investment for the purpose of asset diversification remained firm.」
The previously cited concern about lower investment appetite due to overseas real estate tax reforms was described as an actual business impact, with the decline in business discussions adding to the impact. - FY2020-Q2RestatedAnnual report
「In Other, amid concerns that tax reforms relating to overseas real estate would reduce investment appetite for US real estate, demand for investment for the purpose of asset diversification remained firm, while management income from local properties, among other factors, provided support.」
The Company continued to cite concerns about lower investment appetite due to tax reforms relating to overseas real estate. Meanwhile, demand for asset diversification and management income from local properties provided support. - FY2020-Q1First statedAnnual report
「Amid concerns that tax reforms relating to overseas real estate would reduce investment appetite for US real estate, demand for investment for the purpose of asset diversification and management income from local properties, among other factors, provided support.」
The Company identified the possibility of lower investment appetite for US real estate due to tax reforms relating to overseas real estate as a new risk. The main text explains that demand for asset diversification and management income from local properties provided support; it does not state that investment appetite actually declined.