Acquisition of Development Sites for Self-Storage Facilities and Soil Contamination Risks
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company conducts this business based on sufficient real estate-related information. However, if it becomes difficult to obtain sufficient real estate-related information for any reason, or if soil contamination that could not be identified in surveys conducted before the acquisition of land is discovered after the acquisition contract is signed, additional costs and changes to the development schedule could affect the company’s operating results and financial position.」
The company reiterates the risks of insufficient information on development land, soil contamination discovered after acquisition, additional costs and changes to the development schedule. - FY2020First statedAnnual report
「The company conducts this business based on sufficient real estate-related information. However, if it becomes difficult to obtain sufficient real estate-related information for any reason, or if soil contamination that could not be identified in surveys conducted before the acquisition of land is discovered after the acquisition contract is signed, additional costs and changes to the development schedule could affect the company’s operating results and financial position.」
The company has, for the first time, separately described as risks the lack of real estate information, soil contamination discovered after acquisition, additional costs and changes to the development schedule in connection with acquiring land for self-storage facility development.