Profitability and Asset Value Risks from Real Estate Transactions, Development and Changes in Laws and Regulations
First written in FY2020-Q2. 2 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group is considering expanding into the healthcare development business. Real estate transactions may result in impairment losses or losses on the sale of assets held by the Group, depending on changes in market conditions and the status of negotiations over contractual terms.」
The filing continues to describe the risks of impairment losses, losses on sales, development delays, higher construction costs, and changes in laws and regulations associated with real estate transactions and development. - FY2020-Q3RestatedAnnual report
「The Company is considering expanding into the real estate business. Real estate transactions may result in impairment losses or losses on the sale of assets held by the Company, depending on changes in market conditions and the status of negotiations over contractual terms. In addition, there is a possibility of delays or cancellations in real estate development, as well as costs such as construction expenses exceeding expectations. Laws and regulations related to real estate, including the Real Estate Brokerage Act and the Building Standards Act, may also be amended, abolished, or newly enacted. If these risks materialize, the Company may be unable to secure the earnings initially projected, which could affect its financial condition and operating results.」
The risks related to real estate market conditions and contractual terms, development delays or cancellations, higher construction costs, and changes in real estate-related laws and regulations continue to be described with the same content as in the previous report. - FY2020-Q2First statedAnnual report
「The Company is considering expanding into the real estate business. Real estate transactions may result in impairment losses or losses on the sale of assets held by the Company, depending on changes in market conditions and the status of negotiations over contractual terms. In addition, there is a possibility of delays or cancellations in real estate development, as well as costs such as construction expenses exceeding expectations. Laws and regulations related to real estate, including the Real Estate Brokerage Act and the Building Standards Act, may also be amended, abolished, or newly enacted. If these risks materialize, the Company may be unable to secure the earnings initially projected, which could affect its financial condition and operating results.」
In connection with its expansion into the real estate business, the Company newly identifies as risks impairment losses and losses on sales arising from market conditions and contractual terms, delays or cancellations in development, higher construction costs, and changes in real estate-related laws and regulations.