Material Defects in Properties Sold and Defect Liability
First written in FY2016. 18 of 19 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2020RestatedAnnual report
「To ensure the quality of the homes it supplies, the Company takes every precaution in their design, construction and supervision, and has taken out insurance as a means of securing the financial resources required under the Act on Assurance of Performance of Specified Housing Defect Warranty.」
The Company continues its quality assurance measures through design, construction and supervision, as well as defect warranty insurance. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2019RestatedAnnual report
「To ensure the quality of the homes it supplies, the Company takes every precaution in their design, construction and supervision, and has taken out insurance as a means of securing the financial resources required under the Act on Assurance of Performance of Specified Housing Defect Warranty.」
The Company continues to address quality assurance and defect liability through design, construction and supervision, as well as defect warranty insurance. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2018RestatedAnnual report
「To ensure the quality of the homes it supplies, the Company takes every precaution in their design, construction and supervision, and has taken out insurance as a means of securing the financial resources required under the Act on Assurance of Performance of Specified Housing Defect Warranty.」
The Company continues to address quality assurance and defect liability through design, construction and supervision, as well as defect warranty insurance. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2017RestatedAnnual report
「To ensure the quality of the homes it supplies, the Company takes every precaution in their design, construction and supervision, and has taken out insurance as a means of securing the financial resources required under the Act on Assurance of Performance of Specified Housing Defect Warranty.」
The Company continues to address quality assurance and defect liability through design, construction and supervision, as well as defect warranty insurance. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to material defects in properties for sale and defect warranty liability. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes in the risks relating to defects in properties for sale and defect warranty liability. - FY2016First statedAnnual report
「If a material defect is found in a property sold by the Company, the Company will be liable for defect warranty as the seller. This could result in increased costs borne by the Company and reputational damage, thereby affecting its operating results and financial position.」
For newly built homes, the Company discloses 10 years of defect warranty liability from the handover date and enrollment in insurance.