Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · RiskWorsened
Risk of Declining Real Estate and Fixed Asset Values and Impairment Losses
First written in FY2018. 1 of 2 entries say "Worsened", first in FY2020. Latest entry: FY2020.
2entries
3years
0from disclosures
How it moved
Same theme, other companies
Risk of fixed-asset impairment due to deteriorating profitability at real estate and business locationsA theme 555 companies write about · 593 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2017: 31 of 67 companies on the "Worse" side.
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 180 companies compared. The sentences above are computed from all 180.Comparing 200 of the theme's 593 threads.Full recordFilings, disclosures and news, newest first
- FY2020WorsenedAnnual report
「In the real estate sector, revenue from the commercial facilities business has declined due to shorter operating hours and closures, and the housing and office building businesses may also be affected going forward.」
Shorter operating hours and closures caused by COVID-19 actually affected commercial facilities revenue, and the possibility of spillover effects on housing and office buildings was also indicated. - FY2018First statedAnnual report
「If land prices and rents decline, the Company may need to recognize impairment losses on the carrying values of the land and buildings it owns for rental purposes, as well as land held for development and other real estate.」
The deterioration in real estate market conditions and the possibility of fixed-asset impairment resulting from declines in land prices and rents were explicitly identified as risks.