Komori
Revolution (8894) · RiskMitigated

Failure to meet the spec-home sales plan

First written in FY2017-Q4. 1 of 4 entries say "Softened", first in FY2017. Latest entry: FY2019-Q3.

4entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseSoftenedFY2017First statedFY2017-Q42017: 220172018: 020182019: 22019
Same theme, other companies
Revenue and profit declines due to shortfalls against order and sales plans in the real estate and construction businessA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2019-Q3MitigatedAnnual report

    「A sale and purchase contract has been signed for 1 of the 2 completed spec homes, but delivery is scheduled for the fourth quarter. Sales activities for the remaining home are continuing.」

    A contract was concluded for 1 of the 2 completed built-for-sale homes, representing partial progress from the previous situation in which neither home had been contracted. However, 1 home remains uncontracted and has not yet been delivered.
  2. FY2019-Q2WorsenedAnnual report

    「No sale and purchase contracts have yet been signed for the 2 completed spec homes, and sales activities are continuing.」

    The company explicitly stated that sales contracts had not been concluded for 2 completed built-for-sale homes and that the previously planned sales and revenue recognition had not progressed.
  3. FY2017-Q4First statedAnnual report

    「The company had planned to sell the built-for-sale homes, but contracts had been concluded for only 1 unit.」

    Although the company had planned to sell 2 built-for-sale homes, contracts were concluded for only 1 unit.
  4. 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 was no explicit statement of the previous shortfall that “the planned built-for-sale home resulted in a contract for only 1 unit”; instead, the company reported the sale of 1 built-for-sale home as an actual result.
Moved together

"Sharp decline in the equity ratio and decrease in net assets" moved the same way as this thread, in the same document, in 2 of its 4 moves.

22222★12345
  1. ★This thread
  2. 1Sharp decline in the equity ratio and decrease in net assets2×
  3. 2Oversight by outside directors and outside audit and supervisory committee members2×
  4. 3Strengthening the property leasing and management division, which is expected to generate stable revenue2×
  5. 4Strong performance of the weekly rental business2×
  6. 5Sales of spec homes and land acquisition and construction starts2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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News
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Failure to meet the spec-home sales plan | REVOLUTION CO.,LTD. (8894) | Komori