Claims for damages and under warranties arising from poor ground construction and survey errors
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The ground survey and improvement business takes every precaution through quality control standards compliant with the Building Standards Act, the Act on Promotion of Quality Assurance in Housing and other relevant laws and regulations. However, if the group receives substantial claims for damages arising from construction defects caused by defects that it could not foresee or gross negligence, or from survey errors, its results could be affected.」
The company continues to disclose the risks of claims for damages and warranty claims arising from defective ground construction, survey errors, overlooked data in warranty inspections and review errors. - FY2021The scope was explicitly extended to include warranty inspections.Annual report
「In the warranty inspection business as well, we determine whether to provide a warranty by reviewing survey data prepared using rigorously systematized conditions designed to improve accuracy over the survey methods prescribed by JIS standards. However, if we receive substantial claims for damages or warranty claims because of causes that cannot be foreseen even with current survey technology, the overlooking of survey data due to gross negligence, review errors or other reasons in connection with ground survey data confirmed for warranty purposes, our results could be affected.」
In addition to the existing risks of defective ground construction and survey errors, the company explicitly identified the risks of claims for damages and warranty claims arising from overlooked survey data and review errors in the warranty inspection business. - FY2020RestatedAnnual report
「The ground survey and improvement business takes every precaution through quality control standards compliant with the Building Standards Act, the Act on Promotion of Quality Assurance in Housing and other relevant laws and regulations. However, if the group receives substantial claims for damages arising from construction defects caused by defects that it could not foresee or gross negligence, or from survey errors, its results could be affected.」
The company continues to disclose the risk of claims for damages and warranty claims arising from defective construction and survey errors, as well as its quality-control measures. - FY2019MaterialisedAnnual report
「These are construction costs and other expenses associated with defects in ground improvement work.」
While construction defects and survey errors resulting in claims for damages and other liabilities are identified as future risks, a loss on the repair of defects of ¥19.118 million and payments of ¥13.888 million were recorded during the fiscal year, indicating that defect-related costs have actually been incurred.