Sluggish Orders for Remodeling and Custom-Built Homes
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
35 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「The custom-built home business of Tokyu Homes Corporation ended at the end of the current fiscal year, and the new construction contracting business was transferred to the Property Management Business segment effective 1 April 2020.」
Regarding the business continuity issue previously described as weak orders for renovation and custom-built homes, the company indicated the end of the custom-built home business and the transfer of the new construction contracting business, bringing the previous business model to an end. - FY2019RestatedAnnual report
「Revenue declined due to the impact of transferring part of the renovation business to the management business segment from October 2017 and other factors, but profit increased due to higher property sales in the overseas business and the initial recognition of condominium sales in Indonesia, among other factors.」
The company continues to explain the decline in revenue as resulting from the transfer of part of the renovation business, rather than from weak orders for renovation and custom-built homes. - FY2018Change in the factors behind lower revenueAnnual report
「Although overseas business sales increased, revenue and profit declined due to the impact of transferring part of the renovation business to the management business segment from October 2017 and other factors.」
Rather than citing weak orders for renovation and custom-built homes, as it had through the previous fiscal year, the company attributed the decline in revenue and profit in the current fiscal year mainly to the transfer of part of the renovation business. - FY2018-Q2WorsenedAnnual report
「Revenue and profit declined, mainly due to lower completed construction revenue in the renovation and custom-built home businesses.」
Completed construction revenue for renovation and custom-built homes continued to decline, and the next-generation and related businesses reported lower revenue and profit, worsening the impact on performance from the previous quarter. - FY2018-Q1RestatedAnnual report
「Revenue declined, mainly due to lower completed construction revenue in the renovation business, but profit increased, mainly due to lower expenses.」
The renovation business continued to report lower revenue due to a decline in completed construction revenue, but profit increased due to lower expenses and other factors. - FY2017-Q3RestatedAnnual report
「The overseas business, which sold properties in the previous fiscal year, reported lower revenue, but revenue and profit increased, mainly due to higher completed construction revenue for custom-built homes.」
The company continues to report higher revenue and profit mainly due to higher completed construction revenue for custom-built homes, but there is no new disclosure that the weakness in orders itself has been resolved. - FY2017-Q2MitigatedAnnual report
「Revenue declined, partly because overseas property sales were recorded in the same period of the previous fiscal year, but profit increased, mainly due to higher completed construction revenue for custom-built homes.」
Next-generation and related businesses posted higher profit year on year, mainly due to higher completed construction revenue for custom-built homes, and the operating loss narrowed from ¥1.6 billion to ¥1.4 billion. However, the disclosure does not state that the weakness in orders itself had been resolved. - FY2016MaterialisedAnnual report
「Orders for renovation and custom-built homes have remained weak since the consumption tax increase, and the operating loss expanded in the current fiscal year as completed construction revenue declined.」
Weak orders have continued since the consumption tax increase, emerging as a decline in completed construction revenue and an expansion of the operating loss.