Risk of Performance Volatility Due to Uneven Property Handover Timing and Construction Delays
First written in FY2024. 1 of 3 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 27 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We thoroughly manage construction schedules by monitoring progress at monthly regular meetings and respond promptly, including through alternative measures, if an event affecting the schedule occurs.」
The Group continues monthly progress management and alternative responses to address concentrated handover timing and construction delays. - FY2025MitigatedAnnual report
「To address these risks, we thoroughly manage construction schedules by monitoring progress at monthly regular meetings attended by the site manager of the construction company, the person responsible at the design firm, the persons responsible for equipment and electrical work, and the Company’s construction manager. If an event affecting the schedule occurs, we respond promptly, including through alternative measures, to reduce the risk.」
Measures include monthly meetings of the responsible parties, progress monitoring, and prompt responses including alternatives to address construction and handover delays. - FY2024First statedAnnual report
「There is a tendency for earnings to be concentrated depending on the timing of property handovers. If construction or handover is delayed because of natural disasters or other unforeseen events, revenue may not be recognized when planned, potentially affecting the Group’s performance and financial condition.」
Because revenue from real estate sales is recognized upon handover, the Group identifies handover timing and construction delays as risks to earnings.