Stagnation in the Renovation Business from Deferred Orders and a Shrinking Order Backlog
First written in FY2018-Q1. 4 of 12 entries say "Restated". Latest entry: FY2021-Q1.
No other company in this theme has enough history to compare yet.
- FY2021-Q1DroppedAnnual report
「The group has exited the renovation-related business.」
Because the group exited the renovation-related business, the theme of renovation-business stagnation from deferred orders and a declining backlog is no longer disclosed. - FY2020RestatedAnnual report
「The recovery in the renovation market coincided with active front-loaded demand ahead of the consumption-tax increase, resulting in orders reaching capacity before there was sufficient time to select projects.」
The company continues to report the improvement from order stagnation to tight order capacity caused by market recovery and front-loaded demand. - FY2020-Q3RestatedAnnual report
「The recovery in the renovation market coincided with active front-loaded demand ahead of the consumption-tax increase, resulting in orders reaching capacity before there was sufficient time to select projects.」
The improvement from previous order stagnation to tight order capacity continued because of market recovery and front-loaded demand. - FY2020-Q2MitigatedAnnual report
「The recovery in the renovation market coincided with active front-loaded demand ahead of the consumption-tax increase, resulting in orders reaching capacity before there was sufficient time to select projects.」
The renovation market recovery and front-loaded demand improved orders to capacity, but the company had insufficient time to select projects. - FY2020-Q1MitigatedAnnual report
「Aggressive sales initiatives have led to an increase in planned orders for large construction projects, but they have not yet translated into sales or profit.」
Aggressive sales initiatives increased planned orders for large construction projects and partly eased the order-stagnation risk, but sales and profit had not yet benefited. - FY2019-Q3RestatedAnnual report
「Performance began to recover as detailed sales activities based on customer needs and competitive conditions proved effective.」
The company continues to state that sales activities reflecting customer needs and competitive conditions are supporting recovery in orders and performance. - FY2019-Q2MitigatedAnnual report
「Although some large construction projects were completed late, efforts to secure orders for profitable small projects resulted in a recovery in performance.」
Although some large-project completion delays remained, securing profitable small projects supported a recovery from the previous order stagnation. - FY2019-Q1MitigatedAnnual report
「Orders began to recover as demand for large condominiums, which had been between cycles, returned and detailed sales activities proved effective.」
The company states that demand for large condominiums and detailed sales activities improved orders after the previous stagnation. - FY2018RestatedAnnual report
「In the condominium sector, which was between demand cycles, we successively lost large construction projects because of intense competition. The smaller projects that were beginning to recover were not sufficient to offset the impact, resulting in a very difficult outcome.」
The company continues to report the loss of large construction projects and the inability of small and medium-sized projects to offset the impact. - FY2018-Q3WorsenedAnnual report
「In the condominium sector, which was between demand cycles, we successively lost large construction projects because of intense competition. The smaller projects that were beginning to recover were not sufficient to offset the impact, resulting in a very difficult outcome.」
The loss of large projects because of intense competition and the inability of smaller projects to offset the impact became more pronounced. - FY2018-Q2WorsenedAnnual report
「In the business, orders for both large construction projects and small and medium-sized projects failed to grow, resulting in a very difficult outcome.」
In addition to previously reported deferred orders and a declining backlog, orders for both large and small and medium-sized projects failed to grow. - FY2018-Q1First statedAnnual report
「In the renovation-related business, expected orders were deferred, and the gradual decline in the order backlog had a significant impact.」
Deferred expected orders and a gradual decline in the order backlog actually affected sales and profit in the renovation-related business.