Concentration of For-Sale Condominium Handovers in the Fourth Quarter
First written in FY2017-Q3. 11 of 20 entries say "Mitigated", first in FY2017. Latest entry: FY2024.
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Handovers totaled 169 units (122 units in the previous fiscal year).」
Annual condominium handovers totaled 169 units, exceeding the 122 units recorded in the previous fiscal year. The impact on annual results of the uneven timing of handovers seen in the past has been mitigated. - FY2024-Q3RestatedAnnual report
「Handovers totaled 76 units (74 units in the same period last year).」
Condominium handovers were slightly above the same period last year, and the impact of the uneven timing of handovers seen in the past has not become significantly apparent. - FY2023-Q2MitigatedAnnual report
「Handovers totaled 62 units (47 units in the same period last year).」
Condominium handovers increased from 47 units in the same period last year to 62 units, partially mitigating the impact on quarterly results of the uneven timing of handovers seen in the past. - FY2023-Q1MitigatedAnnual report
「During the three months of the current fiscal year, the company newly launched 2 condominium buildings totaling 71 units, contracted sales for 17 units including completed inventory (41 units in the same period last year), and handed over 47 units (36 units in the same period last year).」
Handovers increased from 36 units in the same period last year to 47 units, partially mitigating the impact of the uneven timing of handovers seen through the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「During the nine months of the current fiscal year, the company newly launched 7 condominium buildings totaling 219 units, contracted sales for 138 units including completed inventory (150 units in the same period last year), and handed over 69 units (38 units in the same period last year).」
Handovers increased from 38 units in the same period last year to 69 units, partially mitigating the impact on quarterly results of the concentration of handovers in the second half of the fiscal year that had continued from the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「In the condominium business, orders and deliveries remained broadly in line with plans as the Company expanded its sales regions and developed new customer segments. During the cumulative second quarter, 7 new buildings with 219 units were offered for sale, contracts were concluded for 86 units, including completed inventory (92 units in the same period of the previous year), and 47 units were delivered (28 units in the same period of the previous year).」
Handovers totaled 47 units, exceeding the year-earlier period, partially mitigating the impact on quarterly results of the concentration of handovers in the second half of the fiscal year that continued from the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「In the condominium business, orders and deliveries remained broadly in line with plans as the Company expanded its sales regions and developed new customer segments. During the cumulative first quarter, 3 new buildings with 83 units were offered for sale, contracts were concluded for 41 units, including completed inventory (24 units in the same period of the previous year), and 36 units were delivered (6 units in the same period of the previous year).」
Against the continued concentration of handovers in the second half of the fiscal year, handovers in the first quarter totaled 36 units, up from 6 units in the same period last year. The company states that orders and handovers were generally in line with plan. - FY2021RestatedAnnual report
「In the condominium business, orders and deliveries remained broadly in line with plans as the Company expanded its sales regions and developed new customer segments. During the fiscal year, 4 new buildings with 136 units were offered for sale, contracts were concluded for 168 units, including completed inventory (164 units in the previous period), and 179 units were delivered (220 units in the previous period).」
Although orders and contracted sales progressed, the number of handovers was below the previous period, and performance fluctuations, including differences in handover timing that have continued since the quarter, were also reflected in the full-year results. - FY2021-Q3RestatedAnnual report
「In the condominium business, orders and deliveries remained broadly in line with plans as the Company expanded its sales regions and developed new customer segments. During the cumulative third quarter, 2 new buildings with 94 units were offered for sale, contracts were concluded for 150 units, including completed inventory (125 units in the same period of the previous year), and 38 units were delivered (152 units in the same period of the previous year). However, deliveries declined from the same period of the previous year because deliveries in the current fiscal year are weighted toward the second half, unlike in the previous fiscal year.」
The bias toward property handovers in the second half of the fiscal year continued. Although contracted sales exceeded the year-earlier period, handovers totaled only 38 units, below the 152 units recorded in the same period last year. - FY2021-Q2RestatedAnnual report
「Because the timing of property handovers was weighted toward the second half of the current consolidated fiscal year, unlike in the previous consolidated fiscal year, the result was a decline compared with the year-earlier period.」
The weighting of property handovers toward the second half continued, with handovers during the first 6 months of the current fiscal year totaling 28 units, below 135 units in the year-earlier period. The impact of the imbalance in handover timing on quarterly performance was reconfirmed. - FY2021-Q1MaterialisedAnnual report
「Because the timing of property handovers was weighted toward the second half of the current consolidated fiscal year, unlike in the previous consolidated fiscal year, the result was a substantial decline compared with the year-earlier period.」
The weighting of property handovers toward the second half was an actual factor behind the substantial year-on-year decline in the housing-related business in the first quarter. Handovers totaled 6 units, below 79 units in the year-earlier period. - FY2020MitigatedAnnual report
「Both orders and handovers remained strong. During the current consolidated fiscal year, the Company newly launched 4 newly built condominiums totaling 133 units, contracted sales for 164 units including completed inventory, compared with 243 units in the previous fiscal year, and handed over 220 units, compared with 199 units in the previous fiscal year.」
Despite the imbalance in completion and handover timing seen at the quarterly stage, the full-year disclosure states that handovers increased to 220 units from 199 in the previous fiscal year and that both orders and handovers were strong. - FY2020-Q2MitigatedAnnual report
「Both orders and handovers remained strong. During the first 6 months of the current consolidated fiscal year, the Company newly launched 2 newly built condominiums totaling 83 units, contracted sales for 89 units including completed inventory, compared with 96 units in the year-earlier period, and handed over 109 units, compared with 82 units in the year-earlier period.」
The impact of the imbalance in completion and handover timing since the first quarter was mitigated during the first 6 months of the current fiscal year, with 109 handovers exceeding 82 in the year-earlier period. Both orders and handovers were described as strong. - FY2020-Q1MitigatedAnnual report
「Both orders and handovers remained strong. During the first quarter of the current consolidated fiscal year, the Company newly launched 1 newly built condominium totaling 40 units, contracted sales for 51 units including completed inventory, compared with 44 units in the year-earlier period, and handed over 79 units, compared with 7 units in the year-earlier period.」
Handovers increased from 7 units to 79 units compared with the year-earlier period, easing the impact on quarterly performance of the imbalance in completion and handover timing that had continued from the previous fiscal year. - FY2019MitigatedAnnual report
「Both orders and handovers remained strong. During the current consolidated fiscal year, the Company newly launched 9 newly built condominiums totaling 288 units, contracted sales for 243 units including completed inventory, compared with 163 units in the previous fiscal year, and handed over 199 units, compared with 178 units in the previous fiscal year.」
The imbalance in completion and handover timing seen at the quarterly stage eased on a full-year basis, with both orders and handovers strong and the number of handovers exceeding the previous fiscal year. - FY2019-Q3RestatedAnnual report
「In the condominium business, 7 new buildings with 233 units were newly offered for sale during the period, and contracts were concluded for 172 units, including completed inventory (126 units in the previous period). Orders have remained firm as the Company thoroughly pursued marketing and focused on site selection and launches at appropriate sales prices. However, deliveries totaled only 88 units (126 units in the previous period) because few properties were completed during the cumulative third quarter of the fiscal year.」
Although orders and contracted sales progressed, few properties were completed during the first 9 months of the current fiscal year, and the imbalance in completion and handover timing continued, with handovers limited to 88 units. - FY2019-Q2RestatedAnnual report
「In the condominium business, the Company newly launched 4 newly built condominiums totaling 128 units during the current fiscal year and contracted sales for 96 units, including completed inventory, compared with 93 units in the previous fiscal year. Orders remained firm as the Company pursued thorough marketing and focused on selecting suitable locations and launching properties at appropriate selling prices. However, because few properties were completed during the first 6 months of the current consolidated fiscal year, handovers were limited to 82 units, compared with 104 units in the previous fiscal year.」
While orders remained firm, few properties were completed during the first 6 months of the current fiscal year, and the imbalance in completion and handover timing continued, with handovers limited to 82 units. - FY2019-Q1MaterialisedAnnual report
「In the previous fiscal year, completion of condominium projects was concentrated in the first quarter. In the current fiscal year, no properties were completed in the first quarter, with completion skewed toward the second quarter onward. Although orders for condominiums remained strong, revenue and profit declined because few properties were completed during the first 6 months of the current consolidated fiscal year.」
The timing of condominium completion and handovers was an actual factor behind the substantial year-on-year decline in revenue and profit in the first quarter. The concentration shifted from the previous fiscal year's first quarter to the second quarter onward in the current fiscal year. - FY2017MitigatedAnnual report
「In the for-sale condominium business, the company conducted thorough marketing and focused on site selection and launching properties at appropriate sales prices, resulting in very strong orders and deliveries of completed properties.」
Although handovers were concentrated in the fourth quarter as stated in the third-quarter disclosure, the full-year disclosure states that both orders and handovers were strong. - FY2017-Q3First statedAnnual report
「In the condominium business, orders for completed properties during the first 9 months of the current fiscal year remained very strong, but handovers tended to be concentrated in the fourth quarter.」
It states that orders for completed properties remained strong, while handovers tended to be concentrated in the fourth quarter.