Timing shifts in handovers of detached homes for sale
First written in FY2018-Q1. 3 of 5 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2026: 11 of 27 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「In the condominium business, because property deliveries are concentrated in the fourth quarter of the consolidated fiscal year, results for the first quarter of the current cumulative consolidated period were below those of the same period of the previous year, while sales contracts that will affect future performance are progressing steadily.」
The structural pattern of weak first-quarter results due to condominium deliveries being concentrated in the fourth quarter has been reconfirmed. Sales contracts are progressing steadily, according to the explanation. - FY2022-Q1RestatedAnnual report
「In the condominium business, although an operating loss will be recorded for the first quarter of the current cumulative consolidated period because property completions are concentrated in the fourth quarter consolidated accounting period, sales contracts and land acquisitions, which affect future results, are progressing as planned.」
Because completion dates for condominium properties are concentrated in the fourth quarter, the first quarter resulted in an operating loss, while sales contracts and land purchases are progressing as planned, according to the explanation. - FY2021-Q2RestatedAnnual report
「In the condominium business, because property completion dates are concentrated in the fourth quarter of the consolidated fiscal year, results for the first half of the current cumulative consolidated period were below those of the same period of the previous year. However, sales contracts and land purchases that will affect future performance are progressing as planned.」
Because completion dates for condominium properties are concentrated in the fourth quarter, cumulative results for the second quarter were below those of the same period of the previous year, while sales contracts and land purchases are progressing as planned, according to the explanation. - FY2020-Q1Concentration of completion dates in the fourth quarterAnnual report
「Because property completion dates are concentrated in the fourth quarter of the consolidated fiscal year, results for the first quarter of the current cumulative consolidated period were below those of the same period of the previous year, but the business is progressing as planned.」
Because completion dates for condominium properties are concentrated in the fourth quarter, first-quarter revenue fell 46.1% year on year and the operating loss was ¥175 million. - FY2018-Q1First statedAnnual report
「This was because, although the number of brokerage agreements remained strong, substantially exceeding the level recorded in the same period of the previous year amid strong demand for detached homes in central urban areas, the delivery schedule for newly built subdivided detached houses was concentrated after the second quarter of the fiscal year under the business plan. Accordingly, the detached-housing-related business progressed steadily toward achieving the full-year earnings forecast.」
The decline in revenue and profit in the detached-housing-related business during the quarter was attributed to the delivery schedule for newly built subdivided detached houses being concentrated after the second quarter.