Concerns about real estate market conditions arising from fraudulent lending for investment properties and other factors
First written in FY2019-Q2. 3 of 6 entries say "Restated". Latest entry: FY2020-Q3.
1 other company's latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「The housing industry to which the Group belongs continues to benefit from tailwinds for home purchases, including improvements in the income environment, ongoing preferential tax treatment for home acquisitions, and low-interest-rate home loans. At the same time, concerns about the real estate market remain unavoidable because of a succession of problems in the industry, including fraudulent lending of funds for investment properties.」
The company continues to disclose concerns about the real estate market arising from fraudulent lending of funds for investment properties and other issues. - FY2020-Q2RestatedAnnual report
「Although the housing industry in which our group operates continues to benefit from factors supporting housing purchases, including improvements in the income environment, ongoing preferential tax treatment for home purchases and low-interest-rate housing loans, uncertainty about the outlook remains due to the deterioration in the industry’s image caused by the consumption tax increase and illegal construction issues.」
The company continues to disclose concerns about the deterioration of the housing industry’s image and the real estate market because of the consumption tax increase, illegal construction issues, and other factors. - FY2020-Q1WorsenedAnnual report
「The housing industry to which the Group belongs continues to benefit from tailwinds for home purchases, including improvements in the income environment, ongoing preferential tax treatment for home acquisitions, and low-interest-rate home loans. At the same time, concerns about the real estate market remain unavoidable, and the image of the housing industry continues to deteriorate because of a succession of scandals in the industry, including illegal construction and window-dressed financial statements.」
In addition to the previous concerns about fraudulent lending and other issues, the company explicitly cited illegal construction and window-dressed financial statements, continuing and expanding its disclosure of concerns about the deterioration of the housing industry’s image and the real estate market. - FY2019WorsenedAnnual report
「Concerns about the real estate market also continue because of a succession of problems in the industry, including fraudulent lending of funds for investment properties and illegal construction.」
In addition to the previous concerns about fraudulent lending, the company explicitly cited illegal construction issues and continues to expand its disclosure of concerns about the real estate market arising from problems in the housing industry. - FY2019-Q3RestatedAnnual report
「The housing industry to which the Group belongs continues to benefit from tailwinds for home purchases, including improvements in the income environment, ongoing preferential tax treatment for home acquisitions, and low-interest-rate home loans. At the same time, concerns about the real estate market remain unavoidable because of a succession of problems in the industry, including fraudulent lending of funds for investment properties.」
The company continues to disclose concerns about the real estate market arising from fraudulent lending of funds for investment properties and other issues. - FY2019-Q2First statedAnnual report
「The housing industry to which the Group belongs continues to benefit from tailwinds for home purchases, including improvements in the income environment, ongoing preferential tax treatment for home acquisitions, and low-interest-rate home loans. At the same time, concerns about the real estate market remain unavoidable because of a succession of problems in the industry, including fraudulent lending of funds for investment properties.」
For the first time, the company explicitly cited concerns about the real estate market against a backdrop of problems actually occurring in the housing industry, including fraudulent lending of funds for investment properties. No specific impact on the company’s performance was stated, and the company indicated that there were no significant changes in business or other risks.