Shift in Handover Timing Due to Construction Delays
First written in FY2018. 5 of 11 entries say "Restated". Latest entry: 2026-05-14.
Amg Holdings moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 11 of 24 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-05-14WorsenedPresentation materials on financial results
「As a result, in the construction business, handover of projects already under construction and the start of projects scheduled for the future may be delayed, and changes in construction periods are expected to affect the timing of revenue recognition and profit. In the real estate development business, completion of buildings may also be delayed, resulting in delays in property sales and handovers.」
The potential effects of procurement impacts on the timing of construction starts, completion, and handovers, as well as on profit, in the construction and real estate development businesses are described specifically. - FY2024RestatedAnnual report
「Natural disasters such as earthquakes and typhoons, global pandemics of infectious diseases, war and other unforeseen circumstances may cause delays in procuring construction materials and housing equipment and delays in construction work. As a result, sales may be recognised in a different fiscal period and construction costs may increase substantially, potentially affecting the operating results of our group.」
The company continues to disclose the risks of delays in procuring materials and in construction work, sales being recognised in a different fiscal period, and higher construction costs due to natural disasters, infectious diseases, war and other factors. - FY2023WorsenedAnnual report
「In the condominium subdivision and detached-house subdivision businesses, delays in procuring construction materials and housing equipment due to natural disasters, war, global pandemics and other factors may delay the handover of buildings and other properties. This may result in sales being recognised in a different fiscal period and additional costs being incurred, potentially affecting the operating results and financial position of our group.」
The factors affecting the business have been expanded beyond the conventional risk of construction delays to include delays in procuring materials and housing equipment due to natural disasters, war and infectious diseases, as well as delays in handover and additional costs. - FY2023-Q3MaterialisedAnnual report
「This was because the bedrock at モアグレース高蔵寺フォレストフォート was harder than originally expected, requiring more time for excavation work and delaying the sales schedule during the fiscal period.」
The company states that the sales schedule was delayed during the fiscal period because the bedrock was harder than originally expected and excavation work took longer. Delays in construction and excavation resulted in specific delays to handover and sales timing. - FY2023-Q1MaterialisedAnnual report
「In the detached-house subdivision business, revenue decreased because the handover of some properties was delayed until the second quarter.」
The company states that the handover of some properties was delayed until the second quarter. The text does not specify that construction delays were the cause of the delay. - FY2022MitigatedAnnual report
「To address these risks, we are working, to the extent possible, to level out land acquisitions and construction orders.」
As a response to uneven completion timing and handover delays caused by construction delays, the company explicitly cites the levelling of land acquisitions and construction orders. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of handover timing being delayed by construction delays. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of handover timing being delayed by construction delays. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of handover timing being delayed by construction delays. - FY2019RestatedAnnual report
「When placing construction orders, we select contractors that meet our standards and conduct detailed discussions. However, if handover to customers is delayed into the following fiscal year due to construction delays or other reasons, this may affect the operating results and financial position of our group.」
The company continues to disclose the risk that construction delays may postpone handover to customers until the following fiscal year, potentially affecting operating results and financial position. - FY2018First statedAnnual report
「When placing construction orders, we select contractors that meet our standards and conduct detailed discussions. However, if handover to customers is delayed into the following fiscal year due to construction delays or other reasons, this may affect the operating results and financial position of our group.」
The company identifies as a risk that construction delays may postpone handover to customers until the following fiscal year, potentially affecting operating results and financial position.