First-corporation (1430) · RiskRestated
Risk of Liability for Defects in Constructed Properties
First written in FY2016. 1 of 3 entries say "Reframed", first in FY2020. Latest entry: FY2026.
3entries
11years
0from disclosures
How it moved
Same theme, other companies
Housing and Real Estate Construction Defect and Defect Liability RiskA theme 103 companies write about · 103 as a headwind · 4 as a tailwind
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 103 companies compared. The sentences above are computed from all 103.Full recordFilings, disclosures and news, newest first
- FY2026RestatedAnnual report
「However, if a serious defect arises in a building constructed by our group and damages or other compensation becomes payable, this could affect our group's financial position and operating results.」
The risk of liability for non-conformity with contracts remains, together with quality control through double checks and third-party audits. - FY2020ReframedAnnual report
「(9) Risk related to non-conformity with contracts」
The risk previously referred to as “liability for defects” is now described as “liability for non-conformity with contracts” following the legal amendment. Mitigation measures through quality control, third-party inspections, insurance, and provisions continue. - FY2016First statedAnnual report
「However, if a serious defect arises in a building constructed by the Company and substantial damages that are not covered by insurance or other measures are incurred, the Company’s financial condition and operating results may be affected.」
The Company identifies serious construction defects and damages not covered by insurance or other means as risks.