Ongoing Acquisition of Land at Appropriate Prices
First written in FY2016. 17 of 21 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「While continuing to focus on acquiring high-quality development sites」
Even amid intensifying competition for land acquisition and persistently high prices, there has been no change in the direction of continuing to acquire high-quality land for business use. - 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.」
It states that there have been no material changes regarding the risk associated with acquiring land at appropriate prices. - 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.」
It explicitly states that there have been no material changes regarding the risk associated with acquiring land at appropriate prices. - 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.」
It explicitly states that there have been no material changes regarding the risk associated with acquiring land at appropriate prices. - FY2021-Q2RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
Regarding the risk associated with acquiring land at appropriate prices, there has been no change in the direction of continuing to acquire high-quality land. - FY2021-Q1RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
Regarding the risk associated with acquiring land at appropriate prices, there has been no change in the direction of continuing to acquire high-quality land. - FY2020MitigatedAnnual report
「Inventories decreased by ¥1,683.154 million as a result of selectively procuring land for detached houses.」
As a result of selectively procuring land, inventories decreased by ¥1,683.154 million, reducing inventory exposure associated with land acquisition. - 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.」
It explicitly states that there have been no material changes regarding the risk associated with acquiring land at appropriate prices. - FY2020-Q2MitigatedAnnual report
「This was mainly attributable to a ¥1,182.995 million decrease in inventories resulting from the selective acquisition of land for detached homes.」
The Company explained that it selectively procured land for detached houses, reducing inventories by ¥1,182.995 million. This indicates that inventory exposure associated with land acquisition was reduced. It does not state that the land was acquired at appropriate prices. - FY2019WorsenedAnnual report
「Higher cost ratios resulting from rising prices for land for detached houses」
Competition for land acquisition and rising prices have been identified as factors driving higher cost ratios, indicating that the risk associated with acquiring land at appropriate prices has increased. - FY2019-Q2RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land for detached houses even amid concerns about increasing competition for land acquisition. - FY2019-Q1RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land for detached houses even amid concerns about increasing competition for land acquisition. - FY2018RestatedAnnual report
「We secure multiple sources of information on land available for sale and, when acquiring land, investigate the location, surrounding environment, area and other factors before seeking to acquire it at an appropriate price.」
The Company continues to pursue a policy of securing multiple sources of information, investigating factors such as location, and acquiring land at appropriate prices. - 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.」
It explicitly states that there have been no material changes regarding the risk associated with acquiring land at appropriate prices. - FY2018-Q2RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land for detached houses even amid concerns about increasing competition for land acquisition. - FY2018-Q1RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land for detached houses even amid concerns about increasing competition for land acquisition. - FY2017RestatedAnnual report
「We secure multiple sources of information on land available for sale and, when acquiring land, investigate the location, surrounding environment, area and other factors before seeking to acquire it at an appropriate price.」
The Company continues to pursue a policy of securing multiple sources of information, investigating factors such as location, and acquiring land at appropriate prices. - FY2017-Q3RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land, and there has been no change in the direction concerning land acquisition at appropriate prices. - FY2017-Q2RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire high-quality land, and there has been no change in the direction concerning land acquisition at appropriate prices. - FY2017-Q1RestatedAnnual report
「While continuing to focus on acquiring high-quality land for detached housing」
The Company has indicated a policy of continuing to acquire land, and there has been no change in the direction of the existing theme concerning appropriate land acquisition. - FY2016First statedAnnual report
「If competition with other companies, delays or deficiencies in information gathering, or other factors result in land being purchased at prices higher than market levels, or if land procurement does not proceed as expected, the Company's operating performance may be affected.」
It also describes measures to secure multiple sources of information on land available for sale, investigate factors such as location, and then acquire the land.