Risk of Failure to Execute Real Estate Sale and Purchase Agreements or Changes to Construction Plans
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 2 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe risk that real estate purchase and sale agreements may not be concluded based on letters of intent and similar documents, or that building plans may be changed, which had been disclosed separately through the previous fiscal year, is not disclosed separately among the risk items for the current fiscal year.
- FY2018RestatedAnnual report
「When acquiring or brokering real estate, the Company generally requires a letter of intent or purchase offer from the prospective buyer. However, it is difficult to conclude that a purchase and sale agreement has been formed based solely on such documents. If the counterparty were to abandon its plans to purchase the property, the Company’s operating results could be affected. In addition, delays in construction or the bankruptcy of a construction company could lead to revisions to the original building plan and affect the Company’s operating results.」
Reiterates the risk that agreements may not be concluded based on letters of intent and similar documents, and that construction delays or a construction company’s bankruptcy may lead to changes in plans. - FY2017RestatedAnnual report
「When acquiring or brokering real estate, the Company generally requires a letter of intent or purchase offer from the prospective buyer. However, it is difficult to conclude that a purchase and sale agreement has been formed based solely on such documents. If the counterparty were to abandon its plans to purchase the property, the Company’s operating results could be affected. In addition, delays in construction or the bankruptcy of a construction company could lead to revisions to the original building plan and affect the Company’s operating results.」
Reiterates the risk that purchase and sale agreements may not be concluded based on letters of intent and similar documents, and that construction delays or a construction company’s bankruptcy may lead to changes in plans. - FY2016First statedAnnual report
「When acquiring or brokering real estate, the Company generally requires a letter of intent or purchase offer from the prospective buyer. However, it is difficult to conclude that a purchase and sale agreement has been formed based solely on such documents. If the counterparty were to abandon its plans to purchase the property, the Company’s operating results could be affected. In addition, delays in construction or the bankruptcy of a construction company could lead to revisions to the original building plan and affect the Company’s operating results.」
Identifies as risks the fact that letters of intent and similar documents do not guarantee a purchase and sale agreement, and that construction delays or a construction company’s bankruptcy may lead to changes in plans.