Risk of Delays or Project Cancellations Due to Permits, Weather or Construction Disruptions
First written in FY2016. 11 of 20 entries say "Materialised", first in FY2016. Latest entry: FY2025.
Sds Holdings moved to the "Worse" side of this theme in 2016.
1 other company's latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「This was because projects expected to be finalized at the end of the period were postponed to the next fiscal year, among other factors.」
Projects expected to be completed by the fiscal year-end were postponed to the next fiscal year, causing operating profit for the fiscal year to turn from a ¥25 million profit in the previous year into a ¥14 million loss. The risk of project timing shifts has materialized in actual results. - FY2023-Q1MaterialisedAnnual report
「The company is focusing on its energy-saving business during the cumulative first quarter, but projects have been delayed in construction and other areas due to the impact of COVID-19.」
The report states that cases involving construction delays and other issues due to the impact of COVID-19 have actually occurred. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2021MaterialisedAnnual report
「A special loss of ¥73 million was recorded as an expense for a provision for contingent losses for projects where losses are likely to arise because the prospects for progress on projects currently under way have declined.」
As the prospect of progress on ongoing projects declined, some projects became more likely to incur losses, and the company recorded a provision for contingent losses of ¥73 million. Progress risks relating to construction and projects have materialized in the form of a provision. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2019MaterialisedAnnual report
「In the renewable energy business, both sales and profit fell below the previous year's levels and plan because the projects initially anticipated were not contracted.」
In addition to construction delays, the failure to conclude renewable energy projects initially expected to proceed actually occurred. Revenue fell 75.0% year on year, and the segment loss was ¥138 million. - FY2019-Q3MaterialisedAnnual report
「Some projects have been delayed beyond schedule because grid connection of the facilities was delayed, with completion pushed into the fourth quarter.」
Delays in grid connection for facilities have continued, pushing the recognition of sales from multiple projects into the fourth quarter. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the company recorded an operating loss as a result of some construction projects shifting into a later period.」
The timing shift of certain construction projects actually occurred in the second quarter as well and became a factor behind the operating loss. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2018-Q3MaterialisedAnnual report
「In the renewable energy business, the Company focused on promoting the installation and sale of solar power generation facilities, but some projects have been delayed beyond schedule in connecting the facilities to the grid and have been pushed back to the fourth quarter,」
Delays in connecting facilities to the grid have continued to occur in practice, and revenue recognition for multiple projects has been pushed into the fourth quarter. - FY2018-Q2MaterialisedAnnual report
「Because the start of some construction projects was delayed from the initial plan and the timing of grid connections changed, revenue and gross profit fell short of the initial plan, resulting in an operating loss.」
Delays in the start of construction projects and changes in the timing of grid connections actually occurred, contributing to the failure to meet revenue and gross profit plans and to the operating loss. The 3 projects whose timing shifted, totaling ¥850 million, are scheduled to be recorded in the third quarter. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2017MaterialisedAnnual report
「Both the energy-saving business and the renewable energy business fell short of their initial plans, due partly to projects expected at the fiscal year-end being shifted to a different period.」
The delay in projects expected to be recorded at the end of the period actually occurred, becoming a factor behind the shortfall against plan in the energy-saving and renewable energy businesses. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2017-Q2MaterialisedAnnual report
「Revenue fell below the initial plan because the completion dates for some construction projects were delayed from the initial schedule.」
Some installation work for solar power generation facilities was pushed back from the planned completion at the end of September to completion in the second half of the fiscal year, becoming a factor behind the failure to meet the plan. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes in the risks of delays to construction schedules and project cancellations arising from permits and approvals, weather and construction obstacles. - FY2016MaterialisedAnnual report
「In addition, with respect to solar power plant construction work undertaken by a Group subsidiary in the previous fiscal year, some projects were cancelled for reasons attributable to the ordering party.」
The Company identifies delays or cancellations caused by permits, weather and obstacles during construction as risks, and notes that a solar power plant construction project was cancelled in a prior fiscal year due to circumstances on the customer’s side.