Expected losses on work in hand and recognition of a provision for construction contract losses
First written in FY2019. 8 of 14 entries say "Mitigated", first in FY2020-Q2. Latest entry: 2026-03-12.
2 other companies' latest entry also says "Achieved".
- 2026-03-12AchievedEarningsSuggests it is closing out
「Provision for loss on construction contracts 1,733 —」
The balance of the provision for loss on construction contracts fell to zero, eliminating the provision for expected losses on projects in progress at the end of the period. - FY2026-H1MitigatedAnnual report
「Provision for construction contract losses ¥1.733 million —」
The provision for construction contract losses decreased from ¥1.733 million at the end of the previous consolidated fiscal year to zero at the end of the current interim period, eliminating the provision balance for expected losses on construction projects in progress. - FY2025MitigatedAnnual report
「The provision for construction contract losses included in cost of completed construction was as follows: ¥105 thousand in the previous consolidated fiscal year and ¥1.627 million in the current consolidated fiscal year.」
The provision for construction contract losses increased, but the closing balance was only ¥1.733 million, compared with ¥105 thousand at the end of the previous fiscal year, and decreased from ¥23.649 million in FY2025-H1. - FY2025-H1MitigatedAnnual report
「Provision for construction contract losses ¥105 thousand ¥23.649 million」
The provision for construction contract losses increased from ¥105 thousand at the end of the previous consolidated fiscal year to ¥23.649 million, while decreasing from ¥59.166 million disclosed at the end of the immediately preceding quarter. Expected losses remain, but the balance declined from the immediately preceding quarter. - FY2025-Q1WorsenedAnnual report
「Provision for construction contract losses ¥105 thousand ¥59.166 million」
The provision for construction contract losses increased from ¥105 thousand at the end of the previous consolidated fiscal year to ¥59.166 million at the end of the current first quarter, indicating a substantial increase in expected losses on construction projects in progress. - FY2024MitigatedAnnual report
「The provision for construction contract losses included in cost of sales was as follows. Previous consolidated fiscal year ¥3.978 million ¥ thousands Current consolidated fiscal year ¥105 thousand ¥ thousands」
The provision for construction contract losses decreased from ¥3.978 million in the previous fiscal year to ¥105 thousand, and the closing balance on the consolidated balance sheet was also ¥105 thousand. - FY2024-Q3MitigatedAnnual report
「Provision for construction contract losses ¥3.978 million ¥8.314 million」
The provision for construction contract losses increased from ¥3.978 million at the end of the previous consolidated fiscal year to ¥8.314 million, but decreased from ¥17.373 million at the end of the previous quarter. Expected losses remain, although the provision balance declined from the immediately preceding quarter. - FY2024-Q2MitigatedAnnual report
「Provision for construction contract losses ¥3.978 million ¥17.373 million」
The provision for construction contract losses increased from ¥3.978 million at the end of the previous consolidated fiscal year to ¥17.373 million, while decreasing from ¥19.139 million at the end of the previous quarter. Expected losses remain, but the provision balance declined from the immediately preceding quarter. - FY2024-Q1WorsenedAnnual report
「Provision for construction contract losses ¥3.978 million ¥19.139 million」
The provision for construction contract losses increased from ¥3.978 million at the end of the previous consolidated fiscal year to ¥19.139 million at the end of the current first quarter, indicating a significant increase in expected losses on construction projects in progress. - FY2023MaterialisedAnnual report
「The provision for construction contract losses included in cost of sales was as follows. Previous consolidated fiscal year — ¥ thousands Current consolidated fiscal year ¥3.978 million ¥ thousands」
A provision for construction contract losses was again recognized in the current consolidated fiscal year, with ¥3.978 million recorded as an expense included in cost of sales. - FY2023-Q3MaterialisedAnnual report
「The receipt of orders for certain construction projects at low profit margins and the recognition of a provision for construction contract losses」
The risk of expected losses on construction projects in progress materialized again, and the company recorded a provision for construction contract losses. The provision on the quarterly consolidated balance sheet increased from ¥9.05 million to ¥66.8 million. - FY2020MitigatedAnnual report
「Provision for construction contract losses (Note) ¥11 million ¥1.348 million — ¥12.348 million —」
The company disclosed that the provision for construction contract losses had a closing balance of zero, indicating that the expected losses on construction projects in progress recognized at the end of the previous fiscal year had been resolved. - FY2020-Q2MitigatedAnnual report
「Provision for construction contract losses ¥11 million —」
The provision for construction contract losses, which stood at ¥11 million at the end of the previous consolidated fiscal year, was zero at the end of the current second quarter consolidated accounting period. - FY2019MaterialisedAnnual report
「To provide for future losses on construction contracts, the company recognizes the estimated amount of loss for construction projects in progress at the end of the current consolidated fiscal year when a loss is expected to arise and the amount can be reasonably estimated.」
The company recognized the likelihood of future losses on construction projects in progress and recorded a provision for construction contract losses of ¥11 million.