Failure to meet the plan for net sales from completed real estate brokerage, renovation and other construction projects
First written in FY2016-Q4. 3 of 9 entries say "Mitigated", first in FY2018. Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「In real estate sales brokerage, the company proceeded with contracts and handovers, mainly for brokerage transactions in its home prefecture of Yamaguchi, but the number of brokerage transactions declined compared with the same period a year earlier.」
The company reiterates that, although it is proceeding with contracts and handovers for brokerage transactions, the number of brokerage transactions has declined year on year. - FY2020-Q2WorsenedAnnual report
「In real estate sales brokerage, the company proceeded with contracts and handovers, mainly for brokerage transactions in its local area of Shimonoseki, but the number of brokerage transactions declined compared with the same period a year earlier.」
While the company proceeded with contracts and handovers for real estate brokerage transactions, it reported a year-on-year decline in the number of brokerage transactions. - FY2020-Q1WorsenedAnnual report
「In real estate sales brokerage, the company proceeded with contracts and handovers, mainly for brokerage transactions in its local area of Shimonoseki, but the number of brokerage transactions declined compared with the same period a year earlier.」
While the company had previously reported progress in contracts and handovers for brokerage transactions, it now reports a year-on-year decline in the number of brokerage transactions and an operating loss in the real estate development business. - FY2019MitigatedAnnual report
「In real estate sales brokerage, the company accepted several brokerage mandates involving auction properties and proceeded with contracts and handovers in Yamaguchi Prefecture and Oita Prefecture. It also received a mandate from an owner whose income-generating properties, including apartments, it manages to broker the sale of those properties, completed the handover, and recognized the resulting revenue.」
Regarding the brokerage business previously described as falling short of plan, the company reports, as full-year results, contracts and handovers for auctioned properties and the handover and recognition of sales for income-producing property transactions. - FY2019-Q1MitigatedAnnual report
「In real estate sales brokerage, the company accepted several brokerage mandates involving auction properties and proceeded with contracts and handovers in Yamaguchi Prefecture and Oita Prefecture. It also received a mandate from an owner whose income-generating properties, including apartments, it manages to broker the sale of those properties, completed the contract, and expects the transaction to contribute in the second quarter.」
Regarding the brokerage business previously described as falling short of plan, the company reports the execution and handover of contracts for multiple properties and the completion of a sales contract for an income-producing property. - FY2018MitigatedAnnual report
「In addition to handing over 1 spec-built home that had already been contracted, the brokerage business for used condominiums, land and other properties also performed steadily.」
Regarding real estate brokerage and related businesses previously described as falling short of plan, the company reports that its brokerage business for used condominiums, land and other properties performed steadily. - FY2017SoftenedAnnual report
「The company sold 1 spec-built house, focused on acting as sales agent for condominiums developed by business partners, and focused on brokerage of used condominiums and other properties.」
There is no explicit risk disclosure stating that completed construction revenue from real estate brokerage, renovation and other services fell short of plan; instead, the company states that it is focusing on brokerage services. - FY2017-Q1RestatedAnnual report
「On the other hand, completed construction revenue from real estate brokerage, renovation and other services remains below the initial plan.」
The company continues to report that completed construction revenue from real estate brokerage, renovation and other services is below plan. - FY2016-Q4First statedAnnual report
「On the other hand, completed construction revenue from real estate brokerage, renovation and other services remains below the initial plan.」
The company states that, in the real estate development business, completed construction revenue from real estate brokerage, renovation and other services is below the initial plan.