Performance Fluctuations Due to Condominium Handover Timing and Construction Delays
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2026.
Anabuki Kosan moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 4 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, if handover is delayed beyond the end of the fiscal year due to unforeseen circumstances, such as delays in construction caused by natural disasters or other unforeseeable events, the delay could have a material impact on the Group's financial results.」
In addition to the risk of earnings volatility due to handover timing, the description of the operating environment stated that the risk of construction delays would continue to be closely monitored. - 2026-05-15RestatedEarnings
「In addition, the business environment continued to require attention, including intensifying competition to acquire land, supply chain constraints and the risk of construction delays.」
Supply chain constraints and the risk of construction delays continued to be cited as factors requiring attention. - FY2026-H1WorsenedAnnual report
「A challenging operating environment continues, including risks such as supply chain constraints and construction delays.」
In addition to the existing risk of construction delays, supply chain constraints and construction delays were explicitly identified. - FY2019RestatedAnnual report
「Revenue is recognized when condominiums are handed over to customers, rather than when the sales contracts are concluded. As a result, financial results are weighted toward the first or second half depending on the handover timing. In addition, if handover is delayed beyond the end of the fiscal year due to unforeseen circumstances, such as delays in construction caused by natural disasters or other unforeseeable events, the delay could have a material impact on the Group's results.」
The risks of earnings concentration due to handover timing and delayed revenue recognition due to construction delays were reconfirmed. - FY2018RestatedAnnual report
「Revenue is recognized when condominiums are handed over to customers, rather than when the sales contracts are concluded. As a result, financial results are weighted toward the first or second half depending on the handover timing. In addition, if handover is delayed beyond the end of the fiscal year due to unforeseen circumstances, such as delays in construction caused by natural disasters or other unforeseeable events, the delay could have a material impact on the Group's results.」
The risks of earnings concentration due to handover timing and the impact of construction delays on results were reconfirmed. - FY2017First statedAnnual report
「Revenue is recognized when condominiums are handed over to customers, rather than when the sales contracts are concluded. As a result, financial results are weighted toward the first or second half depending on the handover timing. In addition, if handover is delayed beyond the end of the fiscal year due to unforeseen circumstances, such as delays in construction caused by natural disasters or other unforeseeable events, the delay could have a material impact on the Company's results.」
The risk of first-half and second-half earnings concentration due to handover timing, and delayed revenue recognition due to construction delays, was explained.