Performance Fluctuations Due to Changes in Property Handover Timing
First written in FY2017. 6 of 14 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2026.
Forlife moved to the "Worse" side of this theme in 2021, 5 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 4 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026The delivery period was re-quantified and extended.Annual report
「In the ready-built housing business, delivery takes approximately 9 months from acquisition, while in the custom-built housing business, delivery takes approximately 12 months from order receipt.」
The period from acquiring land for spec-built homes to delivery is being re-estimated at approximately 9 months, and the period from receiving an order for a custom-built home to delivery at approximately 12 months. - FY2024-Q1MaterialisedAnnual report
「In the custom-built housing business, the number of homes delivered fell below the same quarter of the previous year due to the impact of construction period adjustments,」
The impact of construction period adjustments continued, and the effect on business performance of changes in delivery timing materialised as the number of custom-built homes delivered fell below the same quarter of the previous year. - FY2023MitigatedAnnual report
「To address this risk, the company is seeking to reduce the risk of fluctuations in the timing of property sales by shortening the period for which completed inventory is held through appropriate pricing based on market research and regular price reviews.」
Measures to reduce the risk of fluctuations in property sale timing through market research, appropriate pricing and regular price reviews have been specified. - FY2023-Q3MitigatedAnnual report
「Regarding handovers of custom-built homes, earlier construction starts and improvements in construction schedules enabled projects to be completed without delays, resulting in revenue above the same period of the previous year.」
Regarding the construction period adjustments and delivery delays caused by the wood shock and other factors that had been described through the previous filing, it has been explained that early construction starts and improvements to construction periods progressed, and projects that had started construction were completed without delay. - FY2023-Q2MaterialisedAnnual report
「In the custom-built housing business, constraints from continued construction period adjustments remain. However, revenue exceeded the previous year due to higher unit prices and the advancement of some delivery dates.」
Constraints from construction period adjustments due to the wood shock and other factors continue. Meanwhile, revenue exceeded the previous year because some delivery dates were brought forward. - FY2023-Q1MaterialisedAnnual report
「In the custom-built housing business, construction period adjustments have continued due to the impact of the wood shock, and revenue increased only slightly from the same quarter of the previous year.」
Construction period adjustments due to the wood shock continued, resulting in the number of custom-built homes delivered falling below the same period of the previous year. Fluctuations in business performance due to changes in delivery timing have actually occurred. - FY2022MaterialisedAnnual report
「Regarding deliveries, the company was able to make an approximately on-plan start to the fiscal year against a backdrop of orders outstanding above the level of previous fiscal years. However, delivery volumes fell below the previous fiscal year as a result of adjusting construction periods due to the prolonged impact of the wood shock.」
Construction period adjustments due to the prolonged wood shock were actually made, resulting in the number of custom-built homes delivered falling below the previous year. - FY2022-Q3MaterialisedAnnual report
「Regarding housing deliveries, the company has taken measures to address construction material shortages, delivery delays and price increases caused by the wood shock, including extending some construction periods and adjusting construction start dates.」
To address construction material shortages and delivery delays caused by the wood shock, some construction periods were extended and construction start dates were adjusted, with the impact on delivery timing becoming apparent. - FY2022-Q2MaterialisedAnnual report
「Although deliveries increased year on year, they remained below the sales plan for the fiscal year because some delivery delays occurred due to housing equipment being out of stock and delayed deliveries.」
Housing equipment shortages and delivery delays actually occurred, contributing to delivery delays in custom-built housing and the failure to meet the sales plan. - FY2020The period through delivery was re-quantified as 8 to 10 months.Annual report
「In the ready-built housing business, delivery takes 8 months from acquisition, while in the custom-built housing business, delivery takes 9 to 10 months from order receipt.」
Regarding the risk of business performance fluctuations due to the timing of property sales, periods of 8 months for ready-built housing and 9 to 10 months for custom-built housing were specified. - FY2020-Q3The standard period through delivery was quantified.Annual report
「On average, properties currently acquired by the ready-built housing division are actually delivered seven months later. In the custom-built housing division, properties are actually delivered nine months after an order is received and a construction contract is executed.」
Specific standard periods were provided: 7 months from acquisition to delivery for ready-built housing, and 9 months from the construction contract to delivery for custom-built housing. - FY2019RestatedAnnual report
「Because revenue from this business is recognised when properties are delivered to customers, the company's business performance may fluctuate due to changes in delivery timing resulting from the progress of each project, changes in sales plans, changes in sales trends and delays in construction work and other activities.」
The risk of fluctuations in revenue and profit due to changes in property delivery timing continues to be disclosed in the full-year report. - FY2018RestatedAnnual report
「The company's business performance may fluctuate due to changes in delivery timing resulting from the progress of each project, changes in sales plans, changes in sales trends and delays in construction work and other activities.」
The risk of fluctuations in revenue and profit due to changes in delivery timing continues to be disclosed as a full-year risk. - FY2017First statedAnnual report
「The company's business performance may fluctuate due to changes in delivery timing resulting from the progress of each project, changes in sales plans, changes in sales trends and delays in construction work and other activities.」
This is the risk of project timing shifts arising because revenue and profit are recognised when properties are delivered to customers.