Risks from Fluctuations in the Real Estate Market, Owned Assets and Construction Costs
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2023.
FinTech Global moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 11 of 21 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As of 30 September 2023, real estate held for sale at Metsä Village amounted to ¥4,095 million. However, if the net realisable value declines, an impairment loss may be recognised.」
The Company continues to disclose the risk of recognising an impairment loss due to a decline in the net realisable value of ¥4,095 million of real estate held for sale at Metsä Village. - FY2020WorsenedAnnual report
「As of 30 September 2020, real estate held for sale at Metsä Village amounted to ¥3,999 million. However, as stated in “(1) COVID-19, etc.”, if the net realisable value declines because the impact of the COVID-19 pandemic continues for an extended period, an impairment loss may be recognised.」
Regarding real estate market and held-asset risks, the Company explicitly stated that a decline in the net realisable value and the potential recognition of an impairment loss could result from a prolonged COVID-19 pandemic in relation to ¥3,999 million of real estate held for sale at Metsä Village. - FY2019WorsenedAnnual report
「If the fair value of held assets such as real estate held for sale declines significantly, or their profitability declines significantly, the Group's results may be materially affected.」
In addition to the existing risks associated with fluctuations in the real estate market and construction costs, the Company explicitly identifies write-downs of real estate held for sale and declines in the profitability of held assets. - FY2017RestatedAnnual report
「If significant changes in the real estate market environment occur, including demand conditions and substantial price fluctuations in the real estate market that exceed assumptions due to an economic downturn, the Group's results may be affected.」
The Company continues to identify fluctuations in real estate market demand and prices, construction costs, and fluctuations in the prices and profitability of held assets as risks. - FY2016First statedAnnual report
「If construction costs unexpectedly increase due to a sharp rise in the prices of key materials or other factors in construction work and related activities, the Group's results may be affected.」
For the real estate business, the Company identifies rising construction costs, declines in the prices and profitability of held assets, and fluctuations in demand and prices in the real estate market as risks.