Impact of Post-Commencement Additional Work and Extensions on Costs and Earnings
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If total construction costs increase due to unexpected events, such as higher subcontracting and materials prices or additional costs incurred during construction as a result of rework, this may affect future business performance.」
The Company continues to disclose the possibility of additional costs arising from additional work and construction-period extensions after commencement, as well as higher subcontracting and equipment and materials prices and rework during construction. - FY2024RestatedAnnual report
「Unlike ordinary construction work, issues such as soil contamination may be discovered after the commencement of demolition work, potentially resulting in extensions to the construction period and additional work.」
The Company continues to disclose the risk of construction-period extensions and additional work due to soil contamination and other issues discovered after commencement. - FY2022WorsenedAnnual report
「If total construction costs increase due to unexpected events, such as higher subcontracting and materials prices or additional costs incurred during construction as a result of rework, this may affect future business performance.」
In addition to the risks of additional work and construction-period extensions after commencement, higher subcontracting and equipment and materials prices and additional costs incurred during construction for rework were explicitly identified as factors that could increase total construction costs. - FY2021RestatedAnnual report
「Unlike ordinary construction work, issues such as soil contamination may be discovered after the commencement of demolition work, potentially resulting in extensions to the construction period and additional work.」
The Company continues to identify the risk of construction-period extensions and additional work after commencement due to the discovery of soil contamination and other issues. - FY2020RestatedAnnual report
「Unlike ordinary construction work, issues such as soil contamination may be discovered after the commencement of demolition work, potentially resulting in extensions to the construction period and additional work.」
The Company continues to identify as risks the possibility of construction-period extensions, additional work and changes to construction plans due to soil contamination and other issues discovered after commencement. - FY2018RestatedAnnual report
「Unlike ordinary construction work, issues such as soil contamination may be discovered after the commencement of demolition work, potentially resulting in extensions to the construction period and additional work.」
The Company continues to identify the risk of construction-period extensions and additional work due to soil contamination and other issues discovered after commencement. - FY2017First statedAnnual report
「Unlike ordinary construction work, issues such as soil contamination may be discovered after the commencement of demolition work, potentially resulting in extensions to the construction period and additional work.」
The Company states that soil contamination and other issues may be discovered after commencement, resulting in construction-period extensions, additional work, changes to construction plans and revisions to construction cost estimates.