Difficulty Securing Land for Residential Development and Rising Acquisition Prices
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 6 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「In addition to strengthening collaboration with real estate brokers, the Group is working to secure high-quality subdivision land promptly by establishing a dedicated land-acquisition structure for each area.」
As measures to address the risk of securing subdivision land, the company specified stronger collaboration with brokers and the establishment of a dedicated structure for each area. - FY2020RestatedAnnual report
「If it becomes difficult to acquire land in favorable locations, if a balanced geographic mix cannot be secured, or if land cannot be acquired as planned due to soaring acquisition prices or other factors,」
The company continues to disclose difficulty securing high-quality subdivision land, geographic balance, and soaring acquisition prices as risks. - FY2017First statedAnnual report
「If it becomes difficult to acquire land in favorable locations, maintain a balanced geographic mix of acquisitions, or procure land as planned due to soaring acquisition prices, this could affect the group's business results and financial position.」
For the subdivision land underlying new-home sales, the risks disclosed were difficulty sourcing land, an imbalance across operating areas, and failure to secure land due to soaring prices.