Risk of losses from a fire at a building under construction and related damages
First written in FY2019-Q1. 14 of 20 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2024-Q2.
Hazama Ando moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 4 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Damages paid △ ¥5,432 million △ ¥58 million」
Payments of damages recorded in connection with fires at construction sites and other incidents decreased from ¥5,432 million in the same period of the previous year to ¥58 million. - FY2023MitigatedAnnual report
「Extraordinary income Damages received 2,700 Reversal of provision for fire-related losses 305 Extraordinary losses Fire-related losses －」
In connection with the Tama City fire, the Company recorded ¥2.7 billion in damages received and ¥350 million from the reversal of the provision, reducing the provision for fire-related losses to zero at fiscal year-end. - FY2023-Q3MitigatedAnnual report
「Extraordinary income Damages received － 2,700 Reversal of provision for fire-related losses － 305 Extraordinary losses Fire-related losses 12 －」
In connection with the fire at a building under construction in Tama City, the Company recorded ¥2.7 billion in damages received and ¥350 million from the reversal of the provision for fire-related losses as extraordinary income, and recorded no fire-related losses in the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「Extraordinary income Damages received － 2,700 Reversal of provision for fire-related losses － 305 Extraordinary losses Fire-related losses 12 －」
In connection with the fire at a building under construction in Tama City, the Company recorded ¥2,700 million in damages received and ¥305 million from the reversal of the provision for fire-related losses, and recorded no fire-related losses in the cumulative second quarter. - FY2023-Q1MitigatedAnnual report
「Extraordinary income Damages received － 2,700 Reversal of provision for fire-related losses － 305 Extraordinary losses Fire-related losses 1 －」
In connection with the Tama City fire, the Company recorded ¥2,700 million in damages received and ¥305 million from the reversal of the provision for fire-related losses as extraordinary income, and recorded no fire-related losses in the first quarter. The provision for fire-related losses remaining at the end of the previous consolidated fiscal year was reduced to zero on the balance sheet. - FY2022-Q3MitigatedAnnual report
「Fire-related losses 21 20」
Fire-related losses related to the fire at a building under construction in Tama City decreased from ¥21 million in the same period of the previous year to ¥20 million. - FY2022-Q2MitigatedAnnual report
「Fire-related losses 15 12」
Fire-related losses related to the fire at a building under construction in Tama City, Tokyo, decreased from ¥15 million in the same period of the previous year to ¥12 million. - FY2022-Q1MitigatedAnnual report
「Fire-related losses 6 1」
Fire-related losses related to the fire at a building under construction in Tama City decreased from ¥6 million in the same period of the previous year to ¥1 million in the cumulative first quarter. However, anticipated damages payments and insurance assessment amounts that cannot be reasonably estimated continue to be excluded from the provision. - FY2021MitigatedAnnual report
「Fire and other damage losses 315 25」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥315 million in the previous fiscal year to ¥25 million. However, expected damages and other amounts that cannot be reasonably estimated remain excluded from the provision. - FY2021-Q3MitigatedAnnual report
「Fire and other damage losses 299 21」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥299 million in the same period of the previous year to ¥21 million. - FY2021-Q2MitigatedAnnual report
「Fire and other damage losses 249 15」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥249 million in the same period of the previous year to ¥15 million. Expected damages and insurance assessment amounts that cannot be reasonably estimated remain excluded from the provision. - FY2021-Q1MitigatedAnnual report
「Fire and other damage losses 110 6」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥110 million in the same period of the previous year to ¥6 million for the cumulative first quarter. - FY2020MitigatedAnnual report
「Fire and other damage losses 9,333 315」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥9,333 million in the previous fiscal year to ¥315 million. However, expected damages and insurance assessment amounts that cannot be reasonably estimated remain excluded from the provision. - FY2020-Q3MitigatedAnnual report
「Fire and other damage losses 3,754 299」
Fire and other damage losses related to the fire at a building under construction in Tama City decreased from ¥3,754 million in the same period of the previous year to ¥299 million. Meanwhile, expected damages and insurance assessment amounts that cannot be reasonably estimated remain excluded from the provision. - FY2020-Q2MitigatedAnnual report
「Fire and other damage losses 3,121 249」
Fire and other damage losses related to the fire at a building under construction in Tama City totaled ¥249 million for the cumulative second quarter, down from ¥3,121 million in the same period of the previous year. Meanwhile, expected damages and insurance assessment amounts that cannot be reasonably estimated remain excluded from the provision. - FY2020-Q1RestatedAnnual report
「Regarding the fire accident that occurred on 26 July 2018 at a building under construction in Tama, Tokyo, the company has recorded in the provision for fire-related losses and other losses the expected costs of fire damage to equipment outside its construction scope and expected damages and other amounts arising outside construction costs under the terms of the construction contract. However, expected damages that cannot currently be reasonably estimated and the assessed amount of the liability insurance covering the construction work have not been included in the provision for fire-related losses and other losses. There may be events in the future that differ from the assumptions underlying the provision, in which case revising the amount recognized as a provision could affect the group's consolidated financial statements.」
The company continues to recognize provisions related to the Tama City fire and states that expected damages and insurance assessment amounts that cannot be reasonably estimated remain outstanding, leaving open the possibility of revising the provision in the future. - FY2019WorsenedAnnual report
「At the end of the fiscal year under review, based on discussions with the parties concerned, the company reasonably estimated the costs of restoring and repairing the construction work and the construction insurance, and recorded ¥1,344 million in cost of completed construction as an addition to the provision for construction loss. It also recorded costs for fire damage to equipment outside the company's construction scope and expected damages and other amounts arising outside construction costs under the terms of the construction contract as fire-related losses and other losses (¥9,333 million) under extraordinary losses.」
For the Tama City fire, the company recorded ¥1,344 million as an addition to the provision for construction contract losses and ¥9,333 million as fire and other damage losses. Expected damages and insurance assessment amounts that cannot be reasonably estimated remain unprovided. - FY2019-Q3WorsenedAnnual report
「At the end of the third quarter of the fiscal year under review, based on discussions with the parties concerned, the company reasonably estimated the costs of restoring and repairing the construction work and recorded ¥3,676 million in cost of completed construction as an addition to the provision for construction loss. It also recorded expected damages and other amounts arising outside construction costs under the terms of the construction contract as fire-related losses and other losses (¥3,754 million) under extraordinary losses.」
For the fire at a building under construction in Tama City, the company recorded ¥3,676 million as an addition to the provision for construction contract losses and ¥3,754 million as fire and other damage losses. The filing also states separately that 3 company employees were referred to prosecutors in connection with the fire. - FY2019-Q2WorsenedAnnual report
「Based on the response methods anticipated by the company, we made a reasonable estimate and recorded losses to be included in the cost of the relevant construction project as an addition to the provision for construction contract losses, included in the cost of completed construction of ¥3,710 million. In addition, expected damages and other amounts arising outside construction costs under the terms of the construction contract were recorded as fire and other damage losses of ¥3,121 million under extraordinary losses, resulting in total loss recognition of ¥6,832 million. However, amounts that cannot currently be reasonably estimated, including insurance assessment amounts for the insurance covering this construction project, are not included in the losses recorded this time.」
For the fire at a building under construction in Tama City, the company recorded ¥3,710 million as an addition to the provision for construction contract losses and ¥3,121 million as fire and other damage losses, for a total of ¥6,832 million. Additional amounts that cannot be reasonably estimated, such as insurance assessment amounts, are not included, leaving open the possibility of an impact on financial results once the future response policy and other matters are determined. - FY2019-Q1MaterialisedAnnual report
「On 26 July 2018, a fire occurred at a building under construction in Tama, Tokyo, causing injuries to many people and partially burning the building and other property. Although losses such as damages are expected to arise from the fire, the actual amount of the loss and the amount of its impact on financial results, including the assessed amount under the insurance covering the fire damage, are currently being investigated and remain undetermined.」
A fire occurred at a building under construction, causing damage and partial burning of the building. Losses including damages are expected, but the actual amount of damage and the impact on financial results have not been determined.