Inventory Accumulation and Concentration in Real Estate for Sale
First written in FY2016. 26 of 39 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Toubujyuhan moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 20 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 69.3% of total assets.」
The ratio of inventory and related assets to total assets rose from 64.3% to 69.3% year on year. The increase in inventories caused holding-period and concentration risk in properties held for sale to expand again. - FY2026-H1WorsenedAnnual report
「This was mainly due to a ¥56.606 million decrease in real estate held for sale and a ¥365.523 million increase in real estate under development for sale and other assets resulting from transactions involving the Company's own properties, as well as a ¥72.979 million increase in cash and deposits.」
Properties under development for sale, etc., increased by more than properties held for sale decreased, increasing total properties held for sale and under development from the end of the previous fiscal year. Holding-period and concentration exposure in inventory expanded. - FY2025MitigatedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 64.3% of total assets.」
Inventory and related assets fell from 69.9% to 64.3% of total assets year on year. The decrease in properties held for sale and properties under development for sale, etc., reduced holding-period and concentration exposure. - FY2025-H1MitigatedAnnual report
「This was mainly due to a ¥332.046 million decrease in real estate held for sale and a ¥156.768 million increase in real estate under development for sale and other assets resulting from transactions involving the Company's own properties, as well as a ¥284.076 million increase in cash and deposits.」
The decrease in properties held for sale exceeded the increase in inventory under development, reducing total properties held for sale and under development from the end of the previous fiscal year. Cash also increased, and holding-period and concentration exposure in inventory decreased as of the end of the interim period. - FY2024WorsenedAnnual report
「At the end of the fiscal year, real estate held for sale and real estate under development for sale and other assets accounted for 69.9% of total assets.」
The ratio of inventory and related assets to total assets rose from 68.2% to 69.9% year on year. The number of properties sold fell below expectations, and properties held for sale increased by ¥711.637 million, expanding holding-period and concentration exposure. - FY2024-Q3WorsenedAnnual report
「This was due to properties held for sale, etc., increasing by ¥1,089.564 million because the number of the company's own properties sold fell below expectations.」
As the number of properties sold fell below expectations, properties held for sale, etc., increased by ¥1,089.564 million, expanding holding-period and concentration exposure in inventory. - FY2024-Q2WorsenedAnnual report
「This was mainly due to a ¥258.256 million decrease in real estate under development for sale and other assets and a ¥72.865 million decrease in cash and deposits as renovation work progressed, while real estate held for sale increased by ¥1,022.152 million because the number of the Company's own properties sold was below expectations.」
Properties held for sale increased by ¥1,022.152 million, exceeding the decrease in inventory under development. Holding-period and concentration exposure in properties held for sale expanded. - FY2024-Q1WorsenedAnnual report
「This was mainly due to a ¥176.487 million decrease in real estate under development for sale and other assets and a ¥561.935 million increase in real estate held for sale as a result of active purchases of the Company's own properties and progress on renovation work, while cash and deposits decreased by ¥173.958 million.」
Properties held for sale increased by ¥561.935 million, exceeding the decrease in inventory under development and expanding holding-period and concentration exposure in inventory held for sale. - FY2023WorsenedAnnual report
「At the end of the fiscal year, real estate held for sale and real estate under development for sale and other assets accounted for 68.2% of total assets.」
The ratio of properties held for sale and properties under development for sale to total assets rose from 65.2% to 68.2%, expanding concentration and holding-period exposure in inventory. - FY2023-Q3WorsenedAnnual report
「This was mainly due to a ¥527.353 million increase in real estate held for sale and other assets and a ¥164.708 million increase in real estate under development for sale and other assets, while cash and deposits decreased by ¥144.408 million as a result of active purchases of the Company's own properties.」
Properties held for sale, etc., and properties under development for sale, etc., increased from the end of the previous fiscal year, expanding holding-period and concentration exposure in inventory held for sale. - FY2023-Q2WorsenedAnnual report
「This was mainly due to a ¥370.277 million increase in real estate under development for sale and other assets resulting from active purchases of the Company's own properties, as well as a ¥66.828 million increase in cash and deposits resulting from an increase in short-term borrowings.」
Properties under development for sale, etc., increased by ¥370.277 million, and total inventories also increased. Although properties held for sale decreased, the increase in inventory under development expanded inventory exposure. - FY2023-Q1WorsenedAnnual report
「This was mainly due to a ¥123.156 million decrease in real estate under development for sale and other assets as the Company actively purchased its own properties and proceeded with renovation work, while real estate held for sale increased by ¥317.059 million.」
Properties held for sale increased by ¥317.059 million, exceeding the decrease in properties under development for sale, etc.; consequently, total inventory held for sale and under development increased, expanding inventory exposure. - FY2022WorsenedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 65.2% of total assets.」
Inventory and related assets rose from 58.6% to 65.2% of total assets year on year. Properties held for sale and properties under development for sale, etc., also increased through active acquisitions, causing inventory exposure to expand again. - FY2022-Q3WorsenedAnnual report
「This was mainly due to a ¥306.248 million decrease in cash and deposits resulting from active acquisitions of the company's own properties, despite a ¥200.089 million increase in properties held for sale and a ¥436.643 million increase in properties under development for sale.」
Active acquisitions increased properties held for sale by ¥200.089 million and properties under development for sale by ¥436.643 million, causing inventory exposure to expand again. - FY2022-Q2Increased inventory under development and decreased inventory held for sale coexistedAnnual report
「This was mainly due to a ¥199.460 million increase in properties under development for sale, etc., resulting from active acquisitions of the company's own properties, while cash and deposits decreased by ¥193.142 million and properties held for sale decreased by ¥169.425 million.」
Active acquisitions increased properties under development for sale, etc., while sales reduced properties held for sale. Factors improving and expanding inventory exposure occurred simultaneously. - FY2022-Q1Increased properties under development and decreased inventory held for sale coexistedAnnual report
「This was mainly due to a ¥184.987 million increase in properties under development for sale, etc., resulting from active acquisitions of the company's own properties, while cash and deposits decreased by ¥263.479 million and properties held for sale decreased by ¥172.104 million through sales of the company's own properties.」
Active acquisitions increased properties under development for sale, etc., by ¥184.987 million, while sales reduced properties held for sale by ¥172.104 million. The composition of inventory changed, with factors improving and worsening inventory exposure occurring simultaneously. - FY2021MitigatedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 58.6% of total assets.」
Inventory and related assets fell from 72.1% to 58.6% of total assets year on year. The decrease in properties held for sale and properties under development for sale, etc., reduced inventory holding-period and concentration exposure. - FY2021-Q3MitigatedAnnual report
「This was mainly due to a ¥160.122 million decrease in real estate held for sale and a ¥547.885 million decrease in real estate under development for sale, while cash and deposits increased by ¥624.622 million as a result of active sales of the Company's own properties.」
Properties held for sale and properties under development for sale, etc., decreased from the end of the previous fiscal year, reducing concentration and holding-period exposure in inventory. - FY2021-Q2MitigatedAnnual report
「This was mainly due to a ¥345.234 million decrease in real estate held for sale and a ¥252.077 million decrease in real estate under development for sale and other assets resulting from active sales of the Company's own properties, while cash and deposits increased by ¥430.053 million.」
Properties held for sale and properties under development for sale, etc., decreased from the end of the previous fiscal year, reducing concentration and holding-period exposure in inventory. - FY2021-Q1MitigatedAnnual report
「Renovation work on used homes and other properties acquired in the previous fiscal year was completed, increasing properties held for sale by ¥345.782 million. Although active sales of used homes and other properties increased cash and deposits by ¥61.547 million, properties under development for sale, etc., decreased by ¥448.758 million because the company restrained the number of its own properties acquired.」
Properties held for sale increased upon completion, while properties under development for sale, etc., decreased by ¥448.758 million, reducing inventory exposure from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 72.1% of total assets.」
Inventory and related assets rose from 61.1% to 72.1% of total assets year on year. Properties held for sale increased by ¥909.660 million and properties under development for sale, etc., by ¥253.003 million, causing inventory exposure to expand again. - FY2020-Q3WorsenedAnnual report
「This was mainly due to a ¥364.893 million decrease in cash and deposits, despite a ¥940.755 million increase in properties held for sale and a ¥240.051 million increase in properties under development for sale as a result of actively acquiring the company's own properties, among other factors.」
Properties held for sale and properties under development for sale increased substantially from the end of the previous fiscal year, causing concentration and holding-period exposure in inventory to expand again. - FY2020-Q2WorsenedAnnual report
「This was mainly due to a ¥190.352 million decrease in cash and deposits, despite a ¥715.161 million increase in properties held for sale and an ¥86.570 million increase in properties under development for sale, etc., as a result of actively acquiring the company's own properties.」
Active acquisitions increased properties held for sale by ¥715.161 million and properties under development for sale, etc., by ¥86.570 million, causing inventory exposure to expand again. - FY2020-Q1WorsenedAnnual report
「This was mainly due to a ¥416.398 million increase in real estate held for sale following the active purchase of used homes and other properties and the completion of construction work.」
Active acquisitions increased properties held for sale by ¥416.398 million from the end of the previous fiscal year, causing inventory exposure to expand again. - FY2019MitigatedAnnual report
「At the end of the fiscal year, properties held for sale and properties under development for sale, etc., accounted for 61.1% of total assets.」
Inventory and related assets fell from 73.2% to 61.1% of total assets year on year. In addition to reducing properties held for sale through sales, the company indicated its policy of enhancing inventory management and strengthening its sales capabilities. - FY2019-Q3MitigatedAnnual report
「This was mainly due to a ¥309.127 million decrease in real estate held for sale and a ¥238.020 million decrease in real estate under development for sale, while cash and deposits increased by ¥643.790 million, primarily as a result of active sales of the Company's own properties.」
Active sales reduced properties held for sale and properties under development for sale, etc., from the end of the previous fiscal year, lowering concentration and holding-period exposure in inventory. - FY2019-Q2MitigatedAnnual report
「This was mainly due to a ¥244.091 million decrease in real estate held for sale and a ¥140.575 million decrease in real estate under development for sale and other assets, resulting from active sales of the Company's own properties, while cash and deposits increased by ¥559.079 million.」
Active sales reduced properties held for sale and properties under development for sale, etc., from the end of the previous fiscal year, lowering concentration and holding-period exposure in inventory. - FY2019-Q1MitigatedAnnual report
「This was mainly because properties under development for sale and other items decreased by ¥170.008 million upon completion of construction in progress, while properties for sale also decreased by ¥33.865 million through sales.」
Properties under development for sale and other items and properties for sale declined from the end of the previous fiscal year, temporarily reducing inventory exposure related to prolonged holding periods and concentration. - FY2018WorsenedAnnual report
「At the end of the fiscal year, properties for sale and properties under development for sale and other items accounted for 73.2% of total assets.」
The ratio of inventory and other items to total assets rose from 71.0% in the previous fiscal year to 73.2%. Properties for sale increased by ¥450.411 million, while properties under development for sale and other items increased by ¥138.376 million. - FY2018-Q3WorsenedAnnual report
「Current assets were ¥3,438.266 million, an increase of ¥356.205 million from the end of the previous fiscal year. This was mainly because properties for sale increased by ¥244.910 million as the Company actively acquired existing homes and other properties.」
Active acquisitions increased properties for sale by ¥244.910 million from the end of the previous fiscal year, further expanding inventory exposure. - FY2018-Q2WorsenedAnnual report
「This was mainly due to increases of ¥235.312 million in properties for sale and ¥103.890 million in properties under development for sale and other items, against a backdrop of active acquisitions, as well as an increase of ¥98.469 million in cash and deposits.」
Active acquisitions increased properties for sale by ¥235.312 million and properties under development for sale and other items by ¥103.890 million, further expanding inventory exposure. - FY2018-Q1WorsenedAnnual report
「This was mainly because properties under development for sale and other items increased by ¥393.606 million as the Company actively acquired properties for sale in its own real estate trading business.」
Active acquisitions increased properties under development for sale and other items by ¥393.606 million, expanding inventory exposure. - FY2017WorsenedAnnual report
「At the end of the fiscal year, properties for sale and properties under development for sale and other items accounted for 71.0% of total assets.」
The ratio of inventory and properties under development for sale to total assets rose from 65.4% in the previous fiscal year to 71.0%. In addition, properties for sale increased by ¥344.984 million and properties under development for sale and other items by ¥135.110 million, expanding inventory exposure. - FY2017-Q3WorsenedAnnual report
「Current assets were ¥2,884.723 million, an increase of ¥207.858 million from the end of the previous fiscal year. This was mainly because properties for sale increased by ¥302.543 million as the Company actively acquired existing homes and other properties.」
Active acquisitions increased properties for sale by ¥302.543 million from the end of the previous fiscal year, further expanding inventory exposure. - FY2017-Q2WorsenedAnnual report
「Current assets were ¥2,897.522 million, an increase of ¥220.656 million from the end of the previous fiscal year. This was mainly due to increases of ¥138.558 million in properties for sale and ¥81.865 million in cash and deposits.」
Properties for sale increased by ¥138.558 million from the end of the previous fiscal year, expanding inventory exposure in properties for sale. - FY2017-Q1WorsenedAnnual report
「This was mainly because properties for sale increased by ¥169.379 million as the Company actively acquired properties for sale in its own real estate trading business.」
Active acquisitions increased properties for sale by ¥169.379 million, expanding inventory exposure at the end of the quarter. - FY2016First statedAnnual report
「At the end of the fiscal year, properties for sale and properties under development for sale and other items accounted for 65.4% of total assets.」
Alongside its policy of expanding acquisitions as it expands its network of stores, the Company plans to improve inventory management, strengthen its sales capabilities, shorten delivery periods and increase inventory turnover.