Sales of spec homes and land acquisition and construction starts
First written in FY2016-Q3. 10 of 16 entries say "Advanced", first in FY2016-Q4. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「As part of a buy-and-resell operation, we acquired 1 used condominium unit and completed delivery.」
The company is reiterating the acquisition and completed delivery of 1 used condominium unit. - FY2019AdvancedAnnual report
「We sold 2 spec homes and 1 used condominium unit, and focused on real estate brokerage, rental housing brokerage, and acquiring managed properties.」
The annual report states that the spec homes that had been under contract as of the previous quarter were sold, with 2 spec homes sold. 1 used condominium unit was also sold. - FY2019-Q3AdvancedAnnual 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.」
From the previous status in which neither of the 2 homes had a contract, a sale and purchase contract was signed for 1 of the 2 completed spec homes. Delivery is scheduled for the fourth quarter, and sales activities for the remaining home are continuing. - FY2019-Q2WorsenedAnnual report
「No sale and purchase contracts have yet been signed for the 2 completed spec homes, and sales activities are continuing.」
Sales of the 2 completed spec homes were not recognized in the second quarter, and sales activities are continuing without contracts having been signed. - FY2019-Q1RestatedAnnual report
「The 2 completed spec homes are scheduled for sales recognition in the second quarter.」
The 2 spec homes have been completed, and sales recognition is scheduled for the second quarter. - FY2018AdvancedAnnual report
「Delivery of 1 completed spec home has finished, 2 new spec homes have been completed and sales have begun, and brokerage of used condominiums and land continued steadily.」
The company progressed from the construction stage in the previous quarter to completing and beginning sales of 2 new spec homes, and also completed delivery of 1 completed spec home. - FY2018-Q3AdvancedAnnual report
「The company plans to build and sell approximately 4 spec homes annually and has started construction on acquired land. Delivery of the completed spec home has finished, and construction is progressing on 2 new homes.」
The company continued its plan to sell approximately 4 homes annually, delivered the completed spec home, and is progressing construction on 2 new spec homes. - FY2018-Q2AdvancedAnnual report
「The company plans to build and sell approximately 4 spec homes annually and has started construction on acquired land.」
The company continued its plan to sell approximately 4 homes annually and started construction on spec homes on acquired land. - FY2018-Q1RestatedAnnual report
「The company plans to build and sell approximately 4 spec homes annually and is preparing to start construction on the land it has acquired.」
The company continues its plan to sell approximately 4 spec homes annually and preparations to start construction on acquired land. - FY2017-Q4AdvancedAnnual report
「Although we had planned to sell spec homes, contracts were limited to 1 home. We also acquired land for 2 new spec homes scheduled for sale in the next fiscal year.」
Spec-home sales were limited to 1 contract against a plan for 2 homes, while land for 2 new homes was acquired for sale in the next fiscal year. - FY2017-Q3AdvancedAnnual report
「In the real estate development business, we focused on the agency sale of condominium units developed by our business partners, sales activities for 2 spec homes, and brokerage of used homes and land. We also acquired land for 2 new spec homes scheduled for sale in the next fiscal year.」
In addition to sales activities for the 2 existing spec homes, the company acquired land for 2 new spec homes scheduled for sale in the next fiscal year, securing the next sales projects. - FY2017RestatedAnnual report
「Our main sales activities included brokerage in the real estate leasing and management business, proposals for and execution of repairs at managed properties, agency sales of condominiums developed by our business partners, sales activities for spec homes, and the acquisition of land for 2 new spec homes.」
The company continued sales activities for the sale of spec homes and acquired land for 2 new homes. - FY2017AdvancedAnnual report
「In addition, 2 spec homes have been completed and are currently being marketed. The company plans to build and sell approximately 4 homes annually.」
The company progressed from the previous land acquisition and construction stage to having 2 spec homes completed and on the market, and also indicated a sales plan of approximately 4 homes annually. - FY2017-Q1AdvancedAnnual report
「We sold 1 spec home and are progressing construction on 2 new homes for sales recognition by the end of the current fiscal year.」
In addition to selling 1 spec home, construction on 2 homes has progressed following land acquisition, indicating a schedule for sales recognition by the end of the current fiscal year. - FY2016-Q4AdvancedAnnual report
「After completing delivery of 1 spec home acquired with business funds raised in the previous fiscal year, we actively pursued business activities, including acquiring land for 2 additional spec homes.」
After delivering 1 spec home, the company acquired land for 2 other homes and advanced to the construction phase. - FY2016-Q3First statedAnnual report
「Although we sold 1 speculative home, revenue from completed construction work, including real estate brokerage and renovation services, was below plan. We also acquired land for 2 speculative homes and commenced construction with a view to recording sales by the end of the current fiscal year.」
The Company sold 1 speculative home and acquired land for and commenced construction of 2 additional homes, with sales targeted for recognition by the end of the current fiscal year.