Liability for Defects in Existing and New Homes
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company assumes liability for non-conformity to contract for 2 years after delivery of used homes and 10 years after delivery of new homes.」
The company continues to address 2 years of liability for non-conformity to contract for used homes and 10 years for new homes through current-condition surveys, quality control and property inspections. - FY2023RestatedAnnual report
「The Company bears contractual non-conformity liability for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
The company continues to address 2 years of liability for non-conformity to contract for used homes and 10 years for new homes through current-condition surveys, quality control and property inspections. - FY2022RestatedAnnual report
「In the company's business of buying and selling its own properties, it assumes, under the Building Lots and Buildings Transaction Business Act and the Act on Promotion of Quality Assurance in Housing, liability for non-conformity to contract for 2 years after delivery of used homes and 10 years after delivery of new homes.」
The company continues to address the duration of liability for non-conformity to contract through current-condition surveys, quality control and property inspections. - FY2020RestatedAnnual report
「In the company's business of buying and selling its own properties, it assumes, under the Building Lots and Buildings Transaction Business Act and the Act on Promotion of Quality Assurance in Housing, defect liability for 2 years after delivery of used homes and 10 years after delivery of new homes.」
Even after the April 2020 amendments to the Civil Code, the company continues to disclose the risk relating to liability for non-conformity to contract and measures involving inspections at acquisition, quality control and property inspections. - FY2019ReframedAnnual report
「The Act Partially Amending the Civil Code was enacted on 26 May 2017 and will come into force on 1 April 2020, with certain exceptions. Under the amended Civil Code, defect liability will become liability for non-conformity to contract.」
The company stated that the legal framework for the former defect liability will change to liability for non-conformity to contract under the amended Civil Code scheduled to take effect on 1 April 2020. - FY2018RestatedAnnual report
「The Company bears liability for defects for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
The company continues to disclose 2 years of defect liability for used homes and 10 years for new homes, together with inspections at acquisition and quality control. - FY2017RestatedAnnual report
「The Company bears liability for defects for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
The company continues to disclose 2 years of defect liability for used homes and 10 years for new homes, together with measures involving inspections at acquisition and quality control. - FY2016First statedAnnual report
「Under the Building Lots and Buildings Transaction Business Act and the Act on Promotion of Quality Assurance in Housing, the company assumes defect liability for 2 years after delivery of used homes and 10 years after delivery of new homes.」
Measures include inspections of properties at acquisition, excluding or demolishing properties unsuitable for renovation, and quality control meeting statutory standards.