Management Policy

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Risk Factors

The following is a list of risk factors involving business operations, accounting and other items concerning business activities that may have a significant influence on decisions by investors.

(1) Seasonal changes in demand
(2) Influence of changes in consumer spending and other factors on the number of new home orders
(3) Laws and regulations
(4) Rise in the cost of raw materials
(5) Natural disasters
(6) Valuation losses on real estate for sale
(7) Leaks of personal information or other sensitive information
(8) Country risk
(9) Litigation risk