Risk of Failure to Achieve Development Plans and Fluctuations in Real Estate Market Conditions
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
46 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If development does not proceed as planned due to stagnation in the real estate market, sharp fluctuations in asset values, an extreme decline in the cash flow of existing development assets, deterioration in financial conditions or other factors, it could affect our business performance and financial position.」
The risk of development plans falling short due to the real estate market, asset values, development-asset cash flow and financial conditions continues to be disclosed. - FY2020RestatedAnnual report
「If development does not proceed as planned due to stagnation in the real estate market, sharp fluctuations in asset values, an extreme decline in the cash flow of existing development assets, deterioration in financial conditions or other factors, it could affect our business performance and financial position.」
The risk of development plans falling short due to the real estate market, asset values, development-asset cash flow and financial conditions continues to be disclosed. - FY2019RestatedAnnual report
「If development does not proceed as planned due to stagnation in the real estate market, sharp fluctuations in asset values, an extreme decline in the cash flow of existing development assets, deterioration in financial conditions or other factors, it could affect our business performance and financial position.」
The real estate market, asset values, cash flow and financial conditions continue to be cited as factors that could cause development plans to fall short. - FY2018First statedAnnual report
「If development does not proceed as planned due to stagnation in the real estate market, sharp fluctuations in asset values, an extreme decline in the cash flow of existing development assets, deterioration in financial conditions or other factors, it could affect our business performance and financial position.」
For the first time, the risks relating to the real estate market, asset values, development-asset cash flow and financial conditions in pursuing development investments are being described separately.