Dependence on contractors for property management and hotel operations
First written in FY2019. 2 of 5 entries say "Mitigated", first in FY2021. Latest entry: FY2025.
Azplanning moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「To avoid dependence on specific contractors, the Group works to secure multiple contractors for each outsourced field. When selecting contractors, it carefully conducts credit checks and interviews and verifies their track record, licenses and permits, among other matters, to reduce the risks described above.」
The Group continues to address dependence on contractors for management services and design and construction by securing multiple contractors, conducting credit checks and interviews, and verifying track records and licenses and permits. - FY2024WorsenedAnnual report
「The Company recognizes that managing construction schedules and addressing rising construction costs are challenges in the real estate development business it has pursued in recent years. If properties are not completed as scheduled, operating results may be affected, making it necessary to ensure that construction progresses according to the originally planned schedule.」
In addition to the existing dependence on contractors for management services and hotel operations, the Company explicitly identifies delays in construction schedules, rising construction costs and the financial instability of contractors responsible for design and construction in real estate development. - FY2023ReframedAnnual report
「In the real estate sales business, the Company outsources part or all of the design and construction work involved in designing and constructing newly built, whole-building condominiums to contractors.」
In addition to dependence on contractors for management services and hotel operations, the Company has added risks associated with outsourcing the design and construction of newly built, whole-building condominiums to architectural firms and construction companies, as well as the related selection measures. - FY2021MitigatedAnnual report
「To avoid dependence on specific contractors, the Company works to secure multiple contractors for each outsourced field. When selecting contractors, it carefully conducts credit checks and interviews and verifies their track record, licenses and permits, among other matters, to reduce the risks described above.」
As measures to address dependence on contractors for management services and hotel operations, the Company explicitly identifies securing multiple contractors, conducting credit checks and interviews, and verifying track records and licenses and permits. - FY2019First statedAnnual report
「In its real estate management business, the Company primarily outsources building-equipment maintenance and inspection, cleaning and construction work for managed properties to contractors.」
The Company identifies as risks the effects of shortages of contractors, delays in delivery, contractor bankruptcies and accidents in connection with outsourcing maintenance and inspections, cleaning, construction work and business-hotel operations for managed properties.