Risk of performance fluctuations due to the timing of condominium handovers
First written in FY2016. 21 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 14 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Revenue is recognized when condominiums and other properties are handed over to customers following the execution of a sale and purchase agreement. Accordingly, when the Group's performance is viewed on a quarterly basis, revenue and profit fluctuate depending on the timing of condominium completion and handover, and the performance of one quarter does not necessarily indicate the performance of other quarters or the full year.」
The company continues to disclose the concentration of quarterly earnings due to the timing of handovers and the risk of construction delays caused by natural disasters and other events. - FY2024-Q1RestatedAnnual report
「Sales of condominiums in the Group's real estate development business are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2023RestatedAnnual report
「Revenue is recognized when condominiums and other properties are handed over to customers following the execution of a sale and purchase agreement. Accordingly, when the Group's performance is viewed on a quarterly basis, revenue and profit fluctuate depending on the timing of condominium completion and handover, and the performance of one quarter does not necessarily indicate the performance of other quarters or the full year.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2023-Q3RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of condominium completion and handover. - FY2023-Q2RestatedAnnual report
「Sales of condominiums in the Group's real estate development business are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of condominium completion and handover. - FY2023-Q1RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of condominium completion and handover. - FY2022-Q3RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of condominium completion and handover. - FY2022-Q2RestatedAnnual report
「Sales of condominiums in the Group's real estate development business are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of condominium completion and handover. - FY2021-Q3RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2021-Q2RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2021-Q1RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2019RestatedAnnual report
「In the Group's core real estate development business, revenue from condominiums and other properties is recognized when the properties are handed over to customers following the execution of a sale and purchase agreement. Accordingly, when the Group's performance is viewed on a quarterly basis, revenue and profit fluctuate depending on the timing of condominium completion and handover, and the performance of one quarter does not necessarily indicate the performance of other quarters or the full year.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2019-Q3RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2019-Q2RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2019-Q1RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2018Specific unforeseen causes of delayAnnual report
「In addition, if the handover is delayed beyond the fiscal year-end due to unforeseen circumstances, such as delays in construction caused by natural disasters or other unforeseeable events, the Group's performance may fluctuate.」
Regarding the risk of earnings fluctuations due to the timing of handovers, the company specifically states that construction delays caused by natural disasters and other events may result in handovers extending beyond the fiscal year-end. - FY2018-Q3RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2018-Q2RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of property completion and handover. - FY2018-Q1RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company has reconfirmed the concentration of quarterly earnings due to the timing of property completion and handover. - FY2017RestatedAnnual report
「Because revenue and profit fluctuate depending on the timing of condominium completion and handover, the performance of one quarter does not necessarily indicate the performance of other quarters or the full year.」
The company has reconfirmed the risk of quarterly earnings fluctuations due to the timing of property completion and handover. - FY2017-Q2RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of handovers. - FY2017-Q1RestatedAnnual report
「Sales of condominiums, the core business of the Group's real estate development operations, are recognized when the properties are handed over to customers. As a result, quarterly earnings tend to be concentrated in certain periods depending on the timing of property completion and handover.」
The company continues to explicitly disclose the concentration of quarterly earnings due to the timing of handovers. - FY2016First statedAnnual report
「Because revenue and profit fluctuate depending on the timing of condominium completion and handover, the performance of one quarter does not necessarily indicate the performance of other quarters or the full year.」
The company identifies concentration of quarterly earnings under the handover-based revenue recognition method and period slippage caused by construction delays as risks.