Quarterly Earnings Bias Caused by Completion and Handover Timing
First written in FY2017-Q1. 31 of 33 entries say "Restated". Latest entry: 2026-10-02.
The whole theme swung hardest in 2024: 6 of 29 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, because the completion of condominiums is determined mainly by the timing of land acquisition, the start of development and the development period, handovers may be concentrated in a particular period in some fiscal periods, which may result in fluctuations in quarterly results.」
The report continues to disclose the business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly, together with quarterly revenue for the most recent 2 fiscal years. - FY2025RestatedAnnual report
「In addition, because the completion of condominiums is determined mainly by the timing of land acquisition, the start of development and the development period, handovers may be concentrated in a particular period in some fiscal periods, which may result in fluctuations in quarterly results.」
The company continues to disclose its business structure, under which quarterly results are affected by the timing of completion and handover, and the factors behind this. - FY2025-H1RestatedAnnual report
「In addition, because revenue from our core business of selling condominiums is recognized when completed condominiums are handed over to purchasers, results may be affected by the timing of development, construction periods and other factors.」
The company continues to disclose that its business structure, under which revenue is recognized upon completion and handover, may cause results to be affected by the timing of development, construction periods and other factors. - FY2025-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe the possibility of uneven quarterly results due to the timing of development and construction periods under a business structure in which revenue is recognized upon completion and delivery. - FY2024RestatedAnnual report
「Because the completion of a condominium is determined mainly by the timing of land acquisition, the start of development and the development period, delivery may be concentrated in a particular period in some fiscal years, resulting in uneven quarterly results.」
The report continues to disclose the concentration of quarterly results caused by the timing of project completion and delivery, as well as the factors behind it. - FY2024-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to disclose the possibility of uneven quarterly results due to the timing of development and construction periods under a business structure in which revenue is recognized upon completion and delivery of condominiums. - FY2024-Q2RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to disclose the possibility of uneven quarterly results due to the timing of development and construction periods under a business structure in which revenue is recognized upon completion and delivery of condominiums. - FY2024-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to disclose a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2023RestatedAnnual report
「In addition, because the completion of a condominium is determined mainly by the timing of land acquisition, the start of development and the development period, delivery may be concentrated in a particular period in some fiscal years, resulting in uneven quarterly results.」
The report continues to disclose the business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly, together with quarterly revenue for the most recent 2 fiscal years. - FY2023-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to disclose the possibility of uneven quarterly results due to the timing of development and construction periods under a business structure in which revenue is recognized upon delivery after completion. - FY2023-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to disclose the possibility of uneven quarterly results due to the timing of development and construction periods under a business structure in which revenue is recognized upon delivery after completion. - FY2022RestatedAnnual report
「Because the completion of a condominium is determined mainly by the timing of land acquisition, the start of development and the development period, delivery may be concentrated in a particular period in some fiscal years, resulting in uneven quarterly results.」
The annual report continues to disclose the concentration of quarterly results caused by the timing of project completion and delivery, as well as factors such as the timing of land acquisition and the development period. - FY2022-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2022-Q2RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2022-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2021-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe the concentration of quarterly results caused by the timing of project completion and delivery as a characteristic of the business structure. - FY2020-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2020-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2019RestatedAnnual report
「Because the completion of a condominium is determined mainly by the timing of land acquisition, the start of development and the development period, delivery may be concentrated in a particular period in some fiscal years, resulting in uneven quarterly results.」
The report continues to disclose the business structure in which quarterly results are concentrated unevenly due to the timing of project completion and delivery, together with quarterly revenue for the most recent 2 fiscal years. - FY2019-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2019-Q2RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2019-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain the concentration of quarterly results caused by the timing of project completion and delivery as a characteristic of the business structure. - FY2018RestatedAnnual report
「Revenue from condominium sales is recognized when the completed condominium is delivered to the purchaser. If delivery is delayed beyond the original plan due to factors such as construction delays caused by natural disasters or delays in customers signing mortgage agreements, the timing of revenue recognition may be delayed, potentially affecting results.」
The annual report also describes the concentration of revenue recognition caused by the timing of delivery, including construction delays and delays in signing mortgage agreements. - FY2018-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to explain a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2018-Q2RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe a business structure in which the timing of project completion and delivery causes quarterly results to be concentrated unevenly. - FY2018-Q1RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report continues to describe the concentration of quarterly results caused by the timing of project completion and delivery as a characteristic of the business structure. - FY2017RestatedAnnual report
「If delivery of a condominium is delayed beyond the original plan due to factors such as construction delays caused by natural disasters or delays in customers signing mortgage agreements, the timing of revenue recognition may be delayed, potentially affecting results.」
The report continues to disclose the concentration of results caused by the timing of project completion and delivery as a risk, and adds construction delays and delays in signing mortgage agreements as factors, together with quarterly revenue for the most recent 2 fiscal years. - FY2017-Q3RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report again explains the concentration of quarterly results caused by the timing of project completion and delivery as a characteristic of the business structure. - FY2017-Q2RestatedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The report again explains the concentration of quarterly results caused by the timing of project completion and delivery as a characteristic of the business structure. - FY2017-Q1First statedAnnual report
「Our core business of selling for-sale condominiums recognizes revenue when completed condominiums are handed over to purchasers. Accordingly, quarterly results may be uneven depending on the timing of development and construction periods, among other factors.」
The company explains that the timing of completion and handover can cause quarterly revenue and earnings to be uneven due to the structure of its business.