Condominium Sales Properties: Sellout and Zero Inventory
First written in FY2017-Q2. 7 of 9 entries say "Restated". Latest entry: FY2021-Q2.
The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「The principal businesses operated by Tokyo Big House Co., Ltd. are real estate businesses, including the sale of subdivided homes, the sale of renovated condominiums and remodeling.」
Condominium sales are positioned as the sale of renovated condominiums within the Tokyo Big House business, rather than as sales of newly built condominium inventory. - FY2020RestatedAnnual report
「A condominium revitalization business within the existing housing business that acquires existing condominiums, renovates them and then sells them」
Condominium sales are positioned as a business that revitalizes and sells existing condominiums, rather than one based on inventory of newly built condominiums. - FY2019ReframedAnnual report
「A condominium revitalization business that acquires existing condominiums, renovates them and then sells them」
The business has changed from a standalone condominium sales business with zero inventory to a business that acquires, revitalizes and sells existing condominiums. - FY2018RestatedAnnual report
「The condominium sales business has been excluded from the reporting segments because it generated no revenue or other income during the current consolidated fiscal year.」
The condominium sales business is excluded from the reporting segments on the basis that it has no revenue or inventory. - FY2018-Q3RestatedAnnual report
「The condominium sales business has been excluded from the reporting segments because it generated no revenue or other income during the nine-month period of the current consolidated fiscal year.」
The company continues to exclude the condominium sales business from the reporting segments on the basis that it has no revenue or inventory. - FY2018-Q2RestatedAnnual report
「The condominium sales business has been excluded from the reporting segments because it generated no revenue or other income during the six-month period of the current consolidated fiscal year.」
The company continues to exclude the condominium sales business from the reporting segments on the basis that it has no revenue or inventory. - FY2018-Q1RestatedAnnual report
「The condominium sales business has been excluded from the reporting segments because it generated no revenue or other income during the first quarter of the current consolidated fiscal year.」
The condominium sales business was excluded from the reporting segments on the basis that it had no revenue or inventory. - FY2017-Q3RestatedAnnual report
「As a result, the number of units sold was 9, revenue from this business was ¥189.5 million, and operating profit was ¥7.107 million.」
While updating the sales results for Villaine Maebashi, the company continued to have no condominium inventory at the end of the third quarter. - FY2017-Q2First statedAnnual report
「Because no condominium development was undertaken during the previous consolidated fiscal year or the six-month period of the current consolidated fiscal year, we sold the Villaine Maebashi condominium, completed in April 2015, and sold all units. As a result, there was no condominium inventory at the end of the current six-month consolidated period.」
The existing condominium property was sold out, leaving no condominium inventory at the end of the second quarter.