Litigation Risk from Neighborhood Disputes During Construction and Post-Sale Defects
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group takes appropriate measures, including holding explanatory meetings in advance for neighboring residents. Nevertheless, if the matter develops into litigation, it could affect the Group's performance and financial condition through a decline in confidence in the Group and development delays associated with responding to the matter.」
While taking measures such as explaining matters to neighbors, the company continues to disclose the risk of litigation arising from neighborhood issues during construction and non-conformity of properties after sale. - FY2023RestatedAnnual report
「The Group takes appropriate measures, including holding explanatory meetings in advance for neighboring residents. Nevertheless, if the matter develops into litigation, it could affect the Group's performance and financial condition through a decline in confidence in the Group and development delays associated with responding to the matter.」
While taking measures such as explaining matters to neighbors, the company continues to disclose the risk of litigation arising from neighborhood issues during construction and non-conformity of properties after sale. - FY2019RestatedAnnual report
「The Group takes appropriate measures, including holding explanatory meetings in advance for neighboring residents. However, with respect to condominiums developed and sold by the Group, development may be delayed due to construction noise and problems involving sunlight or views in neighboring areas during the development stage, and lawsuits may be filed over defects and other issues after the properties are sold,」
While taking measures such as explaining matters to neighbors, the company continues to disclose the risk of litigation arising from neighborhood issues during construction and defects after sale. - FY2018RestatedAnnual report
「The Group takes appropriate measures, including holding explanatory meetings in advance for neighboring residents. However, with respect to condominiums developed and sold by the Group, development may be delayed due to construction noise and problems involving sunlight or views in neighboring areas during the development stage, and lawsuits may be filed over defects and other issues after the properties are sold.」
While taking measures such as explaining matters to neighbors, the company continues to disclose the risk of litigation arising from neighborhood issues during construction and defects after sale. - FY2017RestatedAnnual report
「The Group takes appropriate measures, including holding explanatory meetings in advance for neighboring residents. However, with respect to condominiums developed and sold by the Group, development may be delayed due to construction noise and problems involving sunlight or views in neighboring areas during the development stage, and lawsuits may be filed over defects and other issues after the properties are sold.」
While taking measures such as explaining matters to neighbors, the company continues to disclose the risk of litigation arising from neighborhood issues during construction and defects after sale. - FY2016First statedAnnual report
「Development may be delayed due to construction noise and problems involving sunlight or views in neighboring areas during the development stage, and lawsuits may be filed over defects and other issues after the properties are sold.」
While conducting consultations with neighbors and reviewing applicable laws and regulations, the company explicitly discloses the possibility of development delays and defect-related litigation.