Housing Defect and Deficiency Risk
First written in FY2016. 18 of 21 entries say "Restated". Latest entry: FY2026.
Cosmos Initia moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「• Response measures and reputational damage risks associated with the use of prohibited building materials, including asbestos and illegally logged timber • Risk of reputational damage among general consumers and business partners due to declining construction quality of properties held for sale」
In addition to the existing risk of design and construction deficiencies, the use of prohibited building materials and declining construction quality were explicitly identified, expanding the scope of quality risks. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2022RestatedAnnual report
「If a deficiency attributable to a design or construction problem occurs in a product of our group, we may incur costs such as damages under contractual non-conformity liability, or experience a decline in sales due to damage to confidence in our products and services. This could affect the performance of our group.」
The risk of defects and deficiencies in housing continues to be disclosed using the term contractual non-conformity liability. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2021ReframedAnnual report
「If a deficiency attributable to a design or construction problem occurs in a product of our group, we may incur costs such as damages under contractual non-conformity liability, or experience a decline in sales due to damage to confidence in our products and services. This could affect the performance of our group.」
The previous wording concerning the risk of defects and deficiencies in housing has been revised to refer to contractual non-conformity liability. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2019RestatedAnnual report
「If a defect or other deficiency attributable to a design or construction problem occurs, we may incur costs such as damages in fulfilling our responsibility for losses caused by the deficiency, including indirect losses, or experience a decline in sales due to damage to confidence in our products and services. This could affect the performance of our group.」
The risks of damages expenses and loss of confidence arising from defects and deficiencies in housing remain in place. - FY2018RestatedAnnual report
「If a defect or other deficiency attributable to a design or construction problem occurs within a certain period after building completion, we may incur costs such as damages in fulfilling our responsibility for losses caused by the deficiency, including indirect losses, or experience a decline in sales due to damage to confidence in our products and services. This could affect the performance of our group.」
The risks of damages expenses and loss of confidence arising from defects and deficiencies in housing remain in place. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2017RestatedAnnual report
「If a defect or other deficiency attributable to a design or construction problem occurs within a certain period after building completion, we may incur costs such as damages in fulfilling our responsibility for losses caused by the deficiency, including indirect losses, or experience a decline in sales due to damage to confidence in our products and services. This could affect the performance of our group.」
The risks of damages expenses and loss of confidence arising from defects and deficiencies in housing continue to be disclosed. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of defects and deficiencies in housing. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It explicitly states that there have been no material changes in the risk of defects and deficiencies in housing. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risk of defects and deficiencies in housing. - FY2016First statedAnnual report
「If a defect or other deficiency attributable to a design or construction problem occurs within a certain period after building completion, we may incur costs such as damages in fulfilling our responsibility for losses caused by the deficiency, including indirect losses, or experience a decline in sales due to damage to confidence in our products and services.」
It states that design and construction defects or deficiencies may result in damages expenses and loss of confidence.