Risk of Declining Values of Real Estate for Sale and Fixed Assets
First written in FY2022. 1 of 2 entries say "Reframed", first in FY2024. Latest entry: FY2024.
Cel moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The recognition of impairment losses or valuation losses due to declines in fair value or other factors affecting securities, real estate held for sale, fixed assets and other assets held by our Group could affect our Group's operating results and financial position.」
It organizes the traditional risk of declining value, centered on real estate held for sale and fixed assets, as a general asset risk that also includes securities and other assets. - FY2022First statedAnnual report
「If a sharp fluctuation in real estate prices leads to lower selling prices, or if projects are discontinued or delayed after defects such as soil contamination or underground structures are discovered, serious problems may arise in executing business plans and impairment losses may be recognized on real estate held for sale.」
It states a policy of purchasing properties after investigating their location, competitors, underground structures and acquisition prices.