Risk of liability for defects in housing construction
First written in FY2017. 1 of 2 entries say "Reframed", first in FY2023. Latest entry: FY2023.
Open House Group moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「Under the Act on Promotion of Quality Assurance in Housing, the Company bears a 10-year liability for defects or non-conformity with contracts in the structurally important parts of new homes and in parts designed to prevent rainwater intrusion.」
Contractual non-conformity liability was listed alongside the existing liability for defects, updating the scope of liability under the legal framework. - FY2017First statedAnnual report
「Under the Act on Promotion of Quality Assurance in Housing, the Company bears a 10-year liability for defects in the structurally important parts of new homes and in parts designed to prevent rainwater intrusion.」
The Company bears a 10-year liability for defects in new homes and disclosed the possibility of increased remediation costs and declining creditworthiness if serious defects occur.