Risk of significant defects in completed construction
First written in FY2017. 15 of 20 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 4 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In addition, we have established an organization to consider and implement measures to control risks more effectively and promptly from both construction and technical perspectives, as well as appropriate corrective measures after risks materialize, in response to large-scale, highly complex construction projects that involve potentially significant management risks or in which some risks have materialized.」
To address the risk of contract nonconformity, the company has established an organization to consider and implement risk mitigation and corrective measures from both construction and technical perspectives for large-scale, highly complex construction projects. - FY2024-Q3AdvancedAnnual report
「An issue has arisen in part of the construction currently underway, and we are investigating and examining its cause, scope of impact and other matters. Based on some of the results of these investigations and examinations, we are discussing and considering a repair and reinforcement plan with the parties involved in the construction, including the client. However, as of the end of the third quarter of the current fiscal year, we are unable to reasonably estimate the amount of the impact of this issue on the quarterly consolidated financial statements.」
Regarding the defect in the seawall construction at the Tokai No. 2 Nuclear Power Station, the company has proceeded, based on the results of some investigations and reviews, to the stage of discussing and considering a repair and reinforcement plan with parties involved in the construction, including the client. Meanwhile, the amount of the impact on the financial statements still cannot be reasonably estimated. - FY2024-Q2MaterialisedAnnual report
「An issue has arisen in part of the construction currently underway, and we are investigating and examining its cause, scope of impact and other matters. Based on the results of these investigations and examinations, we will discuss and consider a repair and reinforcement plan with the parties involved in the construction, including the client. However, as of the end of the second quarter of the current fiscal year, we are unable to reasonably estimate the amount of the impact of this issue on the quarterly consolidated financial statements.」
A defect has occurred in part of the seawall construction at the Tokai No. 2 Nuclear Power Station. The company is investigating the cause and scope of the impact and discussing a repair and reinforcement plan with the client and other parties. The amount of the impact on the financial statements cannot be reasonably estimated. - FY2023ReframedAnnual report
「Potential contract nonconformity Although the company takes every possible measure to control the quality of completed construction, if a significant contract nonconformity occurs, this could affect its operating results and other matters through loss of customer trust and the incurrence of liability for damages and other costs under its liability for nonconformity and other obligations.」
The company has reorganized the terminology to align with statutory terms, changing the previous expressions “significant defects” and “liability for defects” to “potential contract nonconformity” and “liability for nonconformity.” - 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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of significant defects in completed construction. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of significant defects in completed construction. - 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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of significant defects in completed construction. - 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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of significant defects in completed construction. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of significant defects in completed construction. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2019RestatedAnnual report
「Although the company takes every possible measure to control the quality of completed construction, if a significant defect occurs, this could affect its operating results and other matters through loss of customer trust and the incurrence of liability for damages and other costs under its liability for nonconformity and other obligations.」
The company continues to identify the risks of loss of trust and liability for damages resulting from serious defects in construction deliverables. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the first three quarters, and there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2018RestatedAnnual report
「We take every possible measure to ensure the quality of construction deliverables, but if a serious defect were to arise, the resulting loss of customer trust and liability for damages arising from liability for defects and other matters could affect our business performance and other matters.」
The company continues to identify the risks of loss of trust and liability for damages resulting from serious defects in construction deliverables. - FY2018-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」
The company reconfirms, in a comprehensive statement, that there have been no new developments or material changes in the risk of significant defects in completed construction. - FY2017First statedAnnual report
「We take every possible measure to ensure the quality of construction deliverables, but if a serious defect were to arise, the resulting loss of customer trust and liability for damages arising from liability for defects and other matters could affect our business performance and other matters.」
While conducting quality control, the company identifies loss of trust and liability for damages resulting from significant defects in completed construction as risks.