Disposal of Low-Profitability Existing Homes and Replacement with High-Quality Properties
First written in FY2018-Q1. 3 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Profitability also stabilised through the continued policy of carefully selecting purchases」
For used homes, the company continues its policy of carefully selecting purchases and maintaining profitability. - FY2022AdvancedAnnual report
「Revenue for the current consolidated fiscal year declined substantially as inventory fell following major inventory adjustments focused on unprofitable inventory in the previous consolidated fiscal year. At the same time, the company operated with a focus on inventory turnover and continued to carefully select its purchases, resulting in a substantial improvement in profitability.」
Even after adjusting unprofitable inventory, the company continued to operate with a focus on inventory turnover and carefully select its purchases, and describes an improvement in profitability. - FY2022-Q1AdvancedAnnual report
「By working throughout the previous consolidated fiscal year to eliminate unprofitable properties, the company was able to return to a profitable position during the first quarter of the current consolidated fiscal year.」
This states that the company proceeded with measures to dispose of low-profit and unprofitable used properties throughout the previous fiscal year, resulting in the housing distribution segment returning to a profitable position. - FY2021AdvancedAnnual report
「The introduction of more flexible selling prices led to progress in the sale of inventory held for relatively long periods.」
The previous measure of disposing of and replacing low-profit properties has been made more specific as price reductions and sales promotion for long-held inventory, together with inventory reduction. - FY2020ReframedAnnual report
「In order to dispose of properties held for the long term, the company actively reduced selling prices, particularly for properties held for longer periods. As a result, the profit margin per unit declined from the previous consolidated fiscal year.」
The previous explanation of disposing of and replacing low-profit properties has been made more specific as the disposal of long-held properties through reductions in selling prices. - FY2018-Q3RestatedAnnual report
「The company actively disposed of some low-profit properties in order to replace them with higher-quality used homes.」
The company continues to describe the disposal of low-profit properties in order to replace them with higher-quality used properties. - FY2018-Q2RestatedAnnual report
「The company actively disposed of some low-profit properties in order to replace them with higher-quality used homes.」
The company continues to describe the disposal of low-profit properties in order to replace them with higher-quality properties in the used-home distribution business. - FY2018-Q1First statedAnnual report
「The company actively disposed of some low-profit properties in order to replace them with higher-quality used homes.」
In the used-home distribution business, this is the first description of a specific measure to dispose of low-profit properties and replace them with higher-quality properties in order to improve property quality.