Risk of selling properties held for sale due to stagnation in the real estate market
First written in FY2024. 3 of 8 entries say "Mitigated", first in FY2025-H1. Latest entry: 2026-08-13.
Zoa moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 20 of 35 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- 2026-08-13MitigatedEarnings
「Although no revenue had yet been recognized, negotiations for the sale of multiple projects were progressing, and the company indicated that sales were expected to expand by the end of the current fiscal year.」
Although sales revenue had not yet been recognized, the company indicated that negotiations for multiple projects were progressing and that sales were expected to expand by the end of the current fiscal year. - FY2026WorsenedAnnual report
「The number of properties sold decreased from 9 in the previous fiscal year to 4 in the current fiscal year. The company conducted its activities during the current fiscal year as a period for preparing and procuring properties for the next fiscal year, resulting in an increase in inventories of properties for sale from ¥14.865 million to ¥240.470 million. In the next fiscal year, it will work to strengthen sales by utilizing these inventories.」
The number of properties for sale sold decreased from 9 to 4, while inventories increased. The company plans to strengthen sales in the next fiscal year by utilizing its inventories. - FY2026-H1RestatedAnnual report
「In the real estate business, 3 transactions were closed during the interim accounting period, narrowing the year-on-year decline from the first quarter, although results remained below the previous year. Several transactions remain under negotiation, and the company will work to close them and achieve results exceeding those of the previous year.」
The decline narrowed following the closing of 3 transactions, but the real estate business remained below the previous year's result. The company identifies the closing of transactions still under negotiation as a potential driver of future improvement. - FY2025MitigatedAnnual report
「In the real estate business, the number of properties sold rose sharply from 5 in the previous fiscal year to 9 in the current fiscal year, nearly doubling. In addition, partly because of the sale of properties transferred from properties for rent to properties for sale following a change in their intended use, the average selling price increased from ¥49.998 million in the previous fiscal year to ¥87.971 million, resulting in revenue substantially exceeding the previous fiscal year's result.」
The number of properties sold and the average selling price increased, expanding sales in the real estate business. This indicates progress in addressing the risk associated with selling properties for sale. - FY2025-H1MitigatedAnnual report
「Revenue from the real estate business was ¥495.998 million, up 93.3% year on year. In the real estate business, in addition to the closing of large transactions, active sales efforts proved effective, and revenue exceeded the level in the previous interim accounting period.」
Sales of properties for sale increased as a result of closing large transactions and conducting proactive sales activities, indicating progress in addressing the risk associated with selling the properties. - FY2024First statedAnnual report
「If real estate market conditions stagnate and market liquidity declines as a result of deterioration in the economic environment, and the properties for sale held by the company can no longer be sold at the expected time and price, this may affect its operating results.」
As the real estate trading business expands, the company has newly disclosed, as an independent risk, the risk that properties for sale cannot be sold at the expected time and price because of stagnant market conditions and lower liquidity.