Risk of Declining Real Estate Rents and Property Prices
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2022.
GLOME Holdings moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 33 of 79 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We plan to sell the properties going forward, but stagnation in the real estate market caused by the COVID-19 pandemic and other factors could result in valuation losses or losses on sales.」
The risks of real estate market stagnation, valuation losses and losses on sales associated with the sale of the remaining properties continue to be disclosed. - FY2021RestatedAnnual report
「We believe that the recognition of losses on these properties through valuation allowances, provision for allowance for doubtful accounts and other measures was almost completed. We plan to sell the properties as appropriate going forward, but stagnation in the real estate market caused by the COVID-19 pandemic and other factors could result in additional valuation allowances or bad debt losses.」
The possibility of additional valuation allowances and bad debt losses due to stagnation in the real estate market continues to be disclosed as a risk relating to the 4 remaining properties. - FY2020WorsenedAnnual report
「We believe that the recognition of losses on these real estate-related businesses through valuation allowances, provision for allowance for doubtful accounts and other measures was almost completed during the consolidated fiscal year under review. We plan to sell the properties as appropriate from the new fiscal year onward, but delays in the timing of sales due to stagnation in the real estate market caused by the COVID-19 pandemic and other factors could result in additional valuation allowances or bad debt losses.」
The risk associated with declining property prices is specified to include possible delays in sales, additional valuation allowances and bad debt losses. - FY2019WorsenedAnnual report
「If rents and property prices around logistics facilities, commercial facilities and other properties decline due to supply-demand gaps and other factors resulting from a deterioration in the economic environment, asset values may decline, potentially resulting in impairment losses or losses on sales and affecting the Group’s performance.」
The potential effects of declining rents and property prices, including impairment losses and losses on sales, are described in detail. - FY2018RestatedAnnual report
「A decline in real estate rents and property prices around properties due to supply-demand gaps and other factors could affect the Group’s performance.」
The risk of declining real estate rents and property prices is disclosed again. - FY2017First statedAnnual report
「A decline in real estate rents and property prices around properties due to supply-demand gaps and other factors could affect the Group’s performance.」
The decline in rents and property prices due to supply-demand gaps and other factors is identified as an external-environment risk.