Delayed Recovery in RFP Group’s Performance and Uncertainty over Recovery of Investments and Loans
First written in FY2024. 1 of 3 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Iida Group Holdings moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2017: 8 of 14 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Although the RFP Group’s recovery in performance has been delayed, revenue and profit increased due to the expansion of the US housing business and the steady expansion of the investment real estate business, including the detached rental housing business.」
The delay in the RFP Group’s recovery in performance has continued, and the parent company recorded an impairment loss of ¥1,658.1 million on shares of an affiliated company related to its investment in RFP (BVI). It also recorded an impairment loss of ¥149.4 million on goodwill related to RFP. - FY2025MaterialisedAnnual report
「Although the RFP Group’s recovery in performance has been delayed, the investment real estate business, including the detached rental housing business, has been steadily expanding as the company develops it into a business model, resulting in higher revenue and profit.」
The delay in the RFP Group’s recovery in performance continues to be reflected in the performance commentary. The parent company also recorded an impairment loss of ¥1,250 million on its investment in RFP, making the uncertainty regarding the recoverability of investments and loans more concrete. - FY2024First statedAnnual report
「Although the RFP Group’s recovery in performance was delayed, revenue and profit increased due to growth in investment real estate and increased sales of detached rental houses for investment, among other factors.」
The delay in the RFP Group’s recovery in performance is reflected in the actual performance commentary, and the recoverability of investments in and loans to the Group based on its future business plans is described as a significant estimate.