Concentration in the Tokyo Metropolitan Area and Competition and Disaster Risks
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020-Q3.
Open House Group moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Worsened".
- FY2020-Q3WorsenedAnnual report
「Because demand for housing and income-producing real estate is high in the Tokyo metropolitan area, competition may intensify further as a result of the large number of competitors. In recent years, we have also begun expanding our business in the Osaka, Nagoya and Fukuoka metropolitan areas, where we are likewise exposed to competition from other companies.」
In addition to the possibility of further intensifying competition in the Tokyo metropolitan area, the disclosure explicitly stated that the Group is exposed to competition in the Osaka, Nagoya and Fukuoka metropolitan areas, where it has expanded its operations. - FY2019RestatedAnnual report
「Earthquakes and other disasters in the region, as well as deterioration in the regional economy, may affect the Group's financial results, financial position and business development.」
Even after expanding its operating regions, the Group continues to disclose risks relating to intensifying competition, deterioration in regional economic conditions, earthquakes and other disasters. - FY2017First statedAnnual report
「The Group operates mainly in the Tokyo metropolitan area, providing real estate brokerage, sales of newly built detached houses, newly built condominiums and used income-producing properties, as well as construction contracting services. Because demand for housing and income-producing real estate is high in the Tokyo metropolitan area, competition may intensify as a result of the large number of competitors.」
The risks identified included intensifying competition, declining sales and land-procurement capabilities, price fluctuations, earthquakes and other disasters, and deterioration in the regional economy resulting from the concentration of operations in the Tokyo metropolitan area.