Serious Defects in Housing and Rising Warranty Repair Costs
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group is taking all possible steps in quality control, including establishing a framework under which all newly built detached houses for sale supplied by the Group obtain the highest grade in all 4 fields under the Housing Performance Indication System.」
The company continues to identify both its quality control framework, under which all houses obtain the highest grade in 4 fields, and the risk of liability for nonconformity to contract. - FY2022MitigatedAnnual report
「The Group is taking all possible steps in quality control, including establishing a framework under which all newly built detached houses for sale supplied by the Group obtain the highest grade in all 4 fields under the Housing Performance Indication System.」
As a measure to address housing quality warranty risks, the company outlines a framework under which all newly built detached houses for sale obtain the highest grade in all 4 fields. - FY2020MitigatedAnnual report
「In response, the Group has secured the financial resources required to fulfill its warranty obligations through the depositing of a guarantee or enrollment in insurance, and has established systems to ensure that it can fully perform those obligations. To maintain its warranty framework and ensure quality, the Group is strengthening construction practices, taking all possible steps in quality control, and responding fully to complaints and other issues arising after sales.」
The company outlines a framework for addressing housing quality warranty risks through the depositing of guarantees, insurance coverage, construction and quality control, and responses to post-sale complaints. - FY2019RestatedAnnual report
「The company bears liability for defects in the structurally important parts of newly built houses and the parts designed to prevent rainwater intrusion for 10 years from the date of delivery, and for other parts for at least 2 years from the date of delivery under the Real Estate Brokerage Act.」
The company bears liability for housing defects for 10 years or at least 2 years and identifies the risks of higher warranty construction costs and reputational damage if serious defects occur. - FY2018First statedAnnual report
「The company bears liability for defects in the structurally important parts of newly built houses and the parts designed to prevent rainwater intrusion for 10 years from the date of delivery, and for other parts for at least 2 years from the date of delivery under the Real Estate Brokerage Act.」
The company identifies the risk of higher warranty construction costs and reputational damage if serious defects occur, in connection with its liability for defects in newly built houses for 10 years or at least 2 years.