Defect Liability for Properties for Sale
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
56 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company bears contractual non-conformity liability for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
Continues to cite contractual non-conformity liability of 2 years for existing homes and 10 years for newly built homes, together with quality-control measures such as inspections of the property's condition at the time of purchase. - FY2021ReframedAnnual report
「In the Group's real estate sales business involving properties developed by the Company, the Company bears contractual non-conformity liability under the provisions of the Real Estate Brokerage Act and the Act on Promotion of Quality Assurance in Housing for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
The terminology changed from the former “liability for defects” to “contractual non-conformity liability,” while the liability periods of 2 years for existing homes and 10 years for newly built homes remain unchanged. - FY2020RestatedAnnual report
「The Company bears liability for defects for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
Continues to cite 2 years of liability for existing homes and 10 years for newly built homes, together with quality-control measures such as inspections of the property's condition at the time of purchase. - FY2019RestatedAnnual report
「The Company bears liability for defects for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
Continues to cite 2 years of liability for existing homes and 10 years for newly built homes, together with quality-control measures such as inspections of the property's condition at the time of purchase. - FY2018First statedAnnual report
「The Company bears liability for defects for 2 years after delivery of existing homes and 10 years after delivery of newly built homes.」
Uses pre-purchase inspections of the property's condition, exclusion of properties unsuitable for renovation, and demolition of buildings to maintain quality as countermeasures.