Risk of contractual nonconformity and quality deficiencies in properties for sale
First written in FY2024. 1 of 3 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We conduct quality control through inspections by in-house first-class architects covering pile driving, rebar quantities, concrete placement, pre-floor-placement inspections, structural completion inspections, and preliminary room inspections.」
The Group continues multilayered quality inspections to address nonconformity and quality deficiencies in properties sold. - FY2025MitigatedAnnual report
「To address these risks, we verify compliance with statutory requirements under the Building Standards Act at regular construction-site meetings, ensure that external design firms conduct inspections of all pile driving, and conduct quality control through inspections by in-house first-class architects covering pile driving, rebar quantities, concrete placement, pre-floor-placement inspections, structural completion inspections, and preliminary room inspections.」
Measures include statutory compliance checks, full pile-driving inspections, and multiple quality inspections by in-house first-class architects. - FY2024First statedAnnual report
「We are liable for nonconformity with contract terms in properties we sell. If a property sold by the Group is found to have a material nonconformity and a claim for damages is made, or if repair costs arise, the Group’s credibility, performance, and financial condition could be adversely affected.」
The Group describes the possibility of damages, repair costs, and reputational deterioration resulting from nonconformity in properties sold.