Decline in Unit Deliveries and Gross Profit Margin for New Homes
First written in FY2017-Q2. 16 of 35 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Although deliveries of newly built condominiums declined, the average selling price per unit increased in the renovated condominium business as the product mix shifted toward properties in central urban areas and higher-priced products. The gross profit margin also improved.」
Deliveries of newly built condominiums decreased from 486 units to 335, while 260 renovated condominiums were delivered and the gross profit margin improved from 14.3% to 15.4%. Residential revenue declined, but profit increased. - FY2025AdvancedAnnual report
「Revenue increased 11.5% year on year to ¥48.498 billion and segment profit increased 113.3% to ¥1.317 billion, mainly due to higher deliveries of newly built condominiums.」
Deliveries of newly built condominiums increased from 476 units to 486, resulting in higher revenue and profit for the Residential business. The gross profit margin on newly built condominiums also improved from 22.8% to 24.6%. - FY2025-H1AdvancedAnnual report
「Revenue was strong because deliveries in new-build condominium and detached-home sales increased. However, profit was affected by the recognition of an inventory valuation loss on a subdivision housing development project in Australia. As a result, the company reported revenue of ¥20,179 million, up 15.0% year on year, and segment profit of ¥699 million, up 178.6%.」
Deliveries of newly built condominiums increased from 165 units to 211, while revenue rose from ¥8.554 billion to ¥12.658 billion and the gross profit margin improved from 22.4% to 26.2%. - FY2024AdvancedAnnual report
「Revenue increased 5.9% year on year to ¥43.489 billion, mainly due to higher deliveries of newly built condominiums. However, segment profit fell 64.9% to ¥617 million, mainly due to inventory valuation losses on certain completed inventory that took longer to sell.」
The company delivered 476 newly built condominiums and 367 renovated condominiums, increasing revenue, while valuation losses on certain completed inventory resulted in a significant decline in profit. - FY2024-Q3AdvancedAnnual report
「The Residential business recorded revenue of ¥22.540 billion, up 5.2% year on year, and a segment loss of ¥366 million, compared with a segment loss of ¥429 million in the same period of the previous year, mainly because deliveries of renovated condominiums increased despite deliveries of detached homes in Australia in the same period of the previous year.」
Deliveries of renovated condominiums increased from 163 units in the same period of the previous year to 208, increasing Residential revenue. The segment loss also narrowed from ¥429 million to ¥366 million. - FY2024-Q2AdvancedAnnual report
「The Residential business recorded revenue of ¥17.547 billion, up 19.6% year on year, and segment profit of ¥250 million, compared with a segment loss of ¥158 million in the same period of the previous year, mainly due to higher deliveries of newly built and renovated condominiums.」
Higher deliveries of newly built and renovated condominiums turned the Residential business from a loss in the same period of the previous year to a profit, while also increasing revenue. - FY2024-Q1AdvancedAnnual report
「The Residential business recorded revenue of ¥5.370 billion, up 56.4% year on year, and a segment loss of ¥445 million, compared with a segment loss of ¥765 million in the same period of the previous year, mainly due to higher deliveries of newly built and renovated condominiums.」
Higher deliveries of newly built and renovated condominiums increased Residential revenue, while the segment loss narrowed from ¥765 million in the same period of the previous year to ¥445 million. Meanwhile, the gross profit margin on renovated condominiums declined from 15.2% to 11.2%. - FY2023Lower deliveries and improved marginsAnnual report
「The company reported revenue of ¥41,052 million, down 1.9% year on year, and segment profit of ¥1,762 million, down 3.3%, mainly because deliveries of new-build condominiums declined.」
Deliveries of newly built condominiums decreased from 453 units to 427, while deliveries of renovated condominiums decreased from 355 to 313. Meanwhile, the gross profit margin on newly built condominiums improved from 18.9% to 22.5%. - FY2023-Q3WorsenedAnnual report
「The Overseas business recorded revenue of ¥21.421 billion, down 8.6% year on year, and a segment loss of ¥429 million, compared with segment profit of ¥334 million in the same period of the previous year, mainly because deliveries of newly built and renovated condominiums declined despite deliveries of detached homes in Australia.」
Although detached homes in Australia were delivered, lower deliveries of newly built and renovated condominiums caused Residential revenue to fall 8.6%, and the business turned from a profit in the same period of the previous year to a ¥429 million loss. - FY2023-Q2WorsenedAnnual report
「The Residential business recorded revenue of ¥14.669 billion, down 12.6% year on year, and a segment loss of ¥158 million, compared with segment profit of ¥502 million in the same period of the previous year, mainly due to lower deliveries of newly built and renovated condominiums.」
Deliveries of newly built condominiums decreased from 180 units to 151, while deliveries of renovated condominiums decreased from 156 to 115. Residential revenue fell 12.6%, and the business turned from a profit in the same period of the previous year to a loss. - FY2023-Q1WorsenedAnnual report
「The Residential business recorded revenue of ¥3.433 billion, down 50.2% year on year, and a segment loss of ¥765 million, compared with segment profit of ¥23 million in the same period of the previous year, mainly due to lower deliveries of newly built and renovated condominiums.」
Lower deliveries of newly built and renovated condominiums caused Residential revenue to fall 50.2%, and the business turned from a profit in the same period of the previous year to a ¥765 million loss. Deliveries of newly built condominiums decreased from 75 units to 48, while deliveries of renovated condominiums decreased from 48 to 24. - FY2022AdvancedAnnual report
「Deliveries of renovated condominiums increased from 232 units to 355, while the gross profit margin on newly built condominiums improved from 17.8% to 18.9%.」
The Residential business improved its earnings as deliveries of renovated condominiums increased and margins on newly built condominiums improved. - FY2022-Q3AdvancedAnnual report
「The Residential business recorded revenue of ¥23.445 billion, up 37.4% year on year, and segment profit of ¥334 million, compared with a segment loss of ¥1.055 billion in the same period of the previous year, mainly due to higher deliveries of newly built and renovated condominiums.」
Deliveries of newly built condominiums increased from 133 units to 262, while deliveries of renovated condominiums increased from 154 to 207. The Residential business turned from a loss in the same period of the previous year to a ¥334 million profit. - FY2022-Q2AdvancedAnnual report
「In the residential business, the number of newly built condominiums and renovated condominiums delivered increased. As a result, sales were ¥16,788 million, up 76.0% year on year, and segment profit was ¥502 million, compared with a segment loss of ¥1,075 million in the same period of the previous year.」
Higher deliveries of newly built and renovated condominiums turned the Residential business from a ¥1.075 billion loss in the same period of the previous year to a ¥502 million profit, while revenue increased 76.0%. - FY2022-Q1AdvancedAnnual report
「In the residential business, the number of newly built condominiums, newly built detached houses and renovated condominiums delivered increased. As a result, sales were ¥6,899 million, up 258.9% year on year, and segment profit was ¥23 million, compared with a segment loss of ¥826 million in the same period of the previous year.」
Deliveries of newly built condominiums increased from 16 units to 75 units, newly built detached houses from 5 lots to 11 lots, and renovated condominiums from 12 units to 48 units. The residential business shifted from a loss of ¥826 million in the same period of the previous year to profit of ¥23 million. - FY2021AdvancedAnnual report
「Although the number of newly built condominiums and newly built detached houses delivered increased, the gross profit margin declined. As a result, sales were ¥40,700 million, up 8.9% from the previous consolidated fiscal year, and segment profit was ¥1,321 million, down 14.5%.」
Deliveries of newly built condominiums increased from 325 units to 455 units, and deliveries of newly built detached houses increased from 70 lots to 92 lots, resulting in higher residential business sales. However, lower profit margins resulted in lower profit. - FY2021-Q3WorsenedAnnual report
「In the residential business, although the number of newly built condominiums and newly built detached houses delivered increased, the number of renovated condominiums delivered decreased and the gross profit margin on newly built detached houses deteriorated. As a result, sales were ¥17,066 million, up 12.8% year on year, and the segment loss was ¥1,055 million, compared with a segment loss of ¥912 million in the same period of the previous year.」
Increased deliveries of newly built condominiums and newly built detached houses resulted in higher sales, while fewer renovated condominiums delivered and the deteriorating profit margin on newly built detached houses widened the segment loss from ¥912 million to ¥1,055 million. - FY2021-Q2WorsenedAnnual report
「In the residential business, the number of renovated condominiums delivered decreased and the gross profit margin deteriorated. As a result, sales were ¥9,539 million, down 15.3% year on year, and the segment loss was ¥1,075 million, compared with a segment loss of ¥297 million in the same period of the previous year.」
Fewer renovated condominiums delivered and the deteriorating gross profit margin resulted in a 15.3% decline in residential business sales, while the segment loss widened from ¥297 million in the same period of the previous year to ¥1,075 million. - FY2021-Q1WorsenedAnnual report
「In the residential business, sales activities were suspended and other measures were taken in response to the COVID-19 pandemic, resulting in fewer deliveries of newly built condominiums, newly built detached houses and renovated condominiums. As a result, sales were ¥1,922 million, down 43.8% year on year, and the segment loss was ¥826 million, compared with a segment loss of ¥476 million in the same period of the previous year.」
Suspension of sales activities reduced deliveries of newly built and renovated homes, resulting in a 43.8% decline in residential business sales and a larger segment loss than in the same period of the previous year. - FY2020-Q3WorsenedAnnual report
「In the residential business, although the number of renovated condominiums delivered increased, the number of newly built condominiums and newly built detached houses delivered decreased. As a result, sales were ¥15,130 million, down 39.8% year on year, and the segment reported a loss of ¥912 million, compared with segment profit of ¥886 million in the same period of the previous year.」
Although deliveries of renovated condominiums increased, fewer newly built condominiums and newly built detached houses delivered resulted in a 39.8% decline in residential business sales, with the business shifting from profit in the same period of the previous year to a loss of ¥912 million. - FY2020-Q2WorsenedAnnual report
「In the residential business, although the number of renovated condominiums delivered increased, the number of newly built condominiums and newly built detached houses delivered decreased. As a result, sales were ¥11,257 million, down 40.5% year on year, and the segment reported a loss of ¥297 million, compared with segment profit of ¥942 million in the same period of the previous year.」
Fewer newly built condominiums and newly built detached houses delivered resulted in a 40.5% year-on-year decline in residential business sales, with the business shifting from profit in the same period of the previous year to a loss of ¥297 million. - FY2020-Q1WorsenedAnnual report
「In the residential business, although the number of renovated condominiums and other properties delivered increased, the number of newly built condominiums and newly built detached houses delivered decreased. As a result, sales were ¥3,417 million, down 52.4% year on year, and the segment loss was ¥476 million, compared with a segment loss of ¥89 million in the same period of the previous year.」
Fewer newly built condominiums and newly built detached houses delivered resulted in a 52.4% year-on-year decline in residential business sales, while the segment loss widened from ¥89 million to ¥476 million. - FY2019AdvancedAnnual report
「Although deliveries of new-build condominiums declined, deliveries of newly built detached homes and used condominiums increased, and the gross profit margin on new-build condominiums improved by 2.4 percentage points year on year to 19.1%. As a result, the company reported revenue of ¥38,644 million, down 1.2% year on year, and segment profit of ¥1,171 million, up 2.5%.」
Although deliveries of newly built condominiums decreased, increased deliveries of newly built detached houses and used condominiums and the improved profit margin on newly built condominiums lifted segment profit 2.5%. - FY2019-Q3AdvancedAnnual report
「In the residential business, the average price per newly built condominium increased, and the number of newly built detached houses and used condominiums delivered increased. In addition, the gross profit margin on newly built condominiums improved by 1.9 percentage points year on year to 19.5%. As a result, sales were ¥24,933 million, up 10.6% year on year, and segment profit was ¥846 million, up 406.3%.」
Higher average prices for newly built condominiums, increased deliveries of newly built detached houses and used condominiums, and the improved gross profit margin on newly built condominiums resulted in a 10.6% year-on-year increase in residential business sales and a 406.3% increase in segment profit. - FY2019-Q2AdvancedAnnual report
「In the residential business, the number of newly built condominiums and newly built detached houses delivered increased. As a result, sales were ¥18,741 million, up 44.0% year on year, and segment profit was ¥872 million, compared with a segment loss of ¥556 million in the same period of the previous year.」
Deliveries of newly built condominiums increased from 161 units to 217 units, and deliveries of newly built detached houses increased from 20 lots to 55 lots. The residential business shifted from a loss in the same period of the previous year to profit of ¥872 million. - FY2019-Q1AdvancedAnnual report
「In the residential business, although the number of renovated condominiums and other properties delivered decreased, the number of newly built condominiums and newly built detached houses delivered increased. As a result, sales were ¥7,117 million, up 66.7% year on year, and the segment loss was ¥107 million, compared with a segment loss of ¥547 million in the same period of the previous year.」
Deliveries of newly built condominiums and newly built detached houses increased, lifting residential business sales 66.7%, while the segment loss narrowed from ¥547 million to ¥107 million. However, the gross profit margins on newly built condominiums and newly built detached houses declined. - FY2018WorsenedAnnual report
「The number of newly built condominiums delivered decreased by 186 from the previous consolidated fiscal year. As a result, sales were ¥39,129 million, down 21.6%, and segment profit was ¥1,142 million, down 46.3%.」
Fewer newly built condominiums delivered resulted in a 21.6% full-year decline in residential business sales and a 46.3% decline in segment profit. The gross profit margin on newly built condominiums also declined by 2.6 percentage points. - FY2018-Q3WorsenedAnnual report
「In the residential business, the number of newly built and used condominiums delivered decreased. As a result, sales were ¥22,535 million, down 16.2% year on year, and segment profit was ¥167 million, down 79.7%.」
Fewer newly built and used condominiums delivered resulted in a 16.2% year-on-year decline in residential business sales and a 79.7% decline in segment profit. The gross profit margin on newly built condominiums also declined from 18.7% to 17.5%. - FY2018-Q2WorsenedAnnual report
「In the residential business, the number of newly built condominiums delivered decreased and the gross profit margin declined. As a result, sales were ¥13,013 million, down 25.5% year on year, and the segment reported a loss of ¥556 million, compared with segment profit of ¥452 million in the same period of the previous year.」
Fewer newly built condominiums delivered and the lower gross profit margin resulted in a 25.5% year-on-year decline in residential business sales, with the business shifting from profit to a loss of ¥556 million. - FY2018-Q1WorsenedAnnual report
「In the residential business, the number of newly built condominiums delivered decreased, resulting in sales of ¥4,269 million, down 58.9% year on year, and a segment loss of ¥547 million, compared with segment profit of ¥566 million in the same period of the previous year.」
Fewer newly built condominiums delivered led to a substantial year-on-year decline in residential business sales, with the business shifting from profit in the same period of the previous year to a loss. - FY2017RestatedAnnual report
「Although deliveries of used condominiums increased by 158 units year on year to 317 units, deliveries of new-build condominiums and newly built detached homes declined. As a result, the company reported revenue of ¥49,884 million, down 5.4% year on year, and segment profit of ¥2,128 million, down 27.5%.」
The same mix of fewer newly built homes delivered and more used condominiums delivered was also confirmed for the full year, and the residential business reported lower sales and profit. - FY2017-Q3RestatedAnnual report
「In the residential business, although the number of newly built condominiums and newly built detached houses delivered decreased, the number of used condominiums delivered increased and the amount of inventory valuation losses recognized decreased. As a result, sales were ¥26,907 million, down 5.8% year on year, and segment profit was ¥822 million, up 33.3%.」
The mix of fewer newly built homes delivered and more used condominiums delivered continued, while the decline in inventory valuation losses lifted segment profit 33.3% year on year. - FY2017-Q2First statedAnnual report
「Although the number of used condominiums delivered increased, the number of newly built condominiums and newly built detached houses delivered decreased, and the gross profit margin declined. As a result, sales were ¥17,461 million, down 19.5% year on year, and segment profit was ¥452 million, down 41.5%.」
In the residential business, deliveries of used condominiums increased, while deliveries of newly built condominiums and newly built detached houses and the gross profit margin declined, resulting in lower sales and profit.