Earnings volatility caused by the timing of sales of high-value properties
First written in FY2019. 4 of 7 entries say "Materialised", first in FY2022-Q1. Latest entry: 2026-09-30.
Azplanning moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 11 of 27 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- 2026-09-30MaterialisedOccurring Fact
「本物件の引渡日は当初 2026 年 7 月を予定していましたが、建築資材の調達が遅れたことに伴い、9 月になりました。」
売却対象物件の引渡しが当初予定の2026年7月から9月へ遅延し、物件の売却時期による業績変動リスクが具体的な引渡し遅延として表れた。 - FY2024RestatedAnnual report
「During the consolidated fiscal year, the Company sold 10 residences, 3 residences with retail units, 3 condominium units, 3 dormitories, 2 office buildings, 1 condominium office unit and 1 retail unit.」
The Company continues to disclose the risk of fluctuations in operating results due to the timing of delivery of high-value properties. During the current fiscal year, it sold 23 properties and advanced initiatives involving large properties. - FY2024-Q3MaterialisedAnnual report
「In the real estate sales business, although the expected sales timing for some properties was delayed until the fourth quarter, sales progressed for 7 properties.」
The expected sales timing for some properties was delayed until the fourth quarter, and the risk of fluctuations in operating results due to the timing of property sales was also reflected in the cumulative third-quarter results. - FY2022-Q3MaterialisedAnnual report
「During the cumulative third quarter, the settlement of some properties was delayed until the fourth quarter accounting period, and the Company sold 7 residences, 2 residences with retail units and 1 office building.」
Settlement of properties was delayed until the fourth quarter accounting period, affecting revenue recognition during the cumulative third quarter. The risk of fluctuations in operating results due to the timing of sales of high-value properties and other properties was again reflected in the actual results. - FY2022-Q1MaterialisedAnnual report
「In the real estate sales business, although purchase contracts were entered into and settled one after another, the planned sale of a large property took place in June, causing sales to fall significantly short of expectations and resulting in an operating loss in the segment.」
The planned sale of a large property was delayed until June, after the end of the quarter, resulting in sales significantly below expectations. The risk of fluctuations in operating results due to the timing of sales of high-value properties was reflected in the actual quarterly results. - FY2021MitigatedAnnual report
「To address this risk, the Company will expand its inventory of property held for sale and work to establish a system that enables it to secure alternative properties if it becomes unable to sell properties included in its sales plan.」
As measures to address the risk of fluctuations in operating results caused by the timing of sales of high-value properties, the Company identifies expanding its inventory of property held for sale and establishing a system to secure alternative properties. - FY2019First statedAnnual report
「The Company sells properties to real estate investors after completing value enhancement of properties it holds, but revenue and cost of sales for this business are recognized when the properties are delivered. Because some transactions involve very large amounts, operating results may fluctuate significantly depending on the timing of sales.」
The Company newly identifies the possibility of significant fluctuations in operating results depending on the timing of sales of high-value properties, because revenue is recognized when the properties are delivered.