Unprofitable Construction Projects Due to Design Changes and Additional Costs
First written in FY2016. 13 of 32 entries say "Worsened", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2021: 11 of 25 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Provision for losses on construction contracts 1 －」
The provision for loss on construction contracts decreased from ¥1 million at the end of the previous fiscal year to zero at the end of the current fiscal year, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2026-H1MitigatedAnnual report
「Provision for loss on construction contracts 1 0」
The provision for loss on construction contracts decreased from ¥1 million at the end of the previous fiscal year to ¥0 million at the end of the current interim period, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2025WorsenedAnnual report
「The provision for loss on construction contracts recognized was ¥1 million.」
Compared with zero in the previous fiscal year, the Company recognized ¥1 million in the current fiscal year, and estimated losses related to unprofitable construction contracts arose again. - FY2025-H1WorsenedAnnual report
「Provision for loss on construction contracts — 5」
The provision for loss on construction contracts increased from zero at the end of the previous fiscal year to ¥5 million at the end of the current interim period, with estimated losses related to unprofitable construction contracts recognized again. - FY2024MitigatedAnnual report
「Provision for loss on construction contracts 6 —」
The provision for loss on construction contracts decreased from ¥6 million at the end of the previous fiscal year to zero at the end of the current fiscal year, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2024-Q2MitigatedAnnual report
「Provision for loss on construction contracts 6 0」
The provision for loss on construction contracts decreased from ¥6 million at the end of the previous fiscal year to ¥0 million at the end of the second quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2024-Q1MitigatedAnnual report
「Provision for loss on construction contracts 6 2」
The provision for loss on construction contracts decreased from ¥6 million at the end of the previous fiscal year to ¥2 million at the end of the first quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2023-Q3MitigatedAnnual report
「Provision for loss on construction contracts 28 12」
The provision for loss on construction contracts decreased from ¥28 million at the end of the previous fiscal year to ¥12 million at the end of the third quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2023-Q2MitigatedAnnual report
「Provision for loss on construction contracts 28 20」
The provision for loss on construction contracts decreased from ¥28 million at the end of the previous fiscal year to ¥20 million at the end of the second quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2023-Q1WorsenedAnnual report
「Provision for loss on construction contracts 28 40」
The provision for loss on construction contracts increased from ¥28 million at the end of the previous fiscal year to ¥40 million at the end of the first quarter, reflecting an increase in the estimated losses related to unprofitable construction contracts. - FY2022WorsenedAnnual report
「The provision for loss on construction contracts recognized during the fiscal year was ¥28 million.」
The provision for loss on construction contracts increased from ¥8 million at the end of the previous fiscal year to ¥28 million at the end of the current fiscal year. The estimated losses related to unprofitable construction contracts and other factors have increased. - FY2022-Q3WorsenedAnnual report
「Provision for loss on construction contracts 8 24」
The provision for loss on construction contracts increased from ¥8 million at the end of the previous fiscal year to ¥24 million at the end of the third quarter, reflecting an increase in the estimated losses related to unprofitable construction contracts. This indicates a quantitative deterioration in the risk of unprofitable construction contracts arising from design changes, additional costs and other factors. This is a provision based on estimated losses and is distinguished from the actual occurrence of the risk itself. - FY2022-Q2WorsenedAnnual report
「Provision for loss on construction contracts 8 30」
The provision for loss on construction contracts increased from ¥8 million at the end of the previous fiscal year to ¥30 million at the end of the second quarter, reflecting an increase in the estimated losses related to unprofitable construction contracts. This indicates a quantitative deterioration in the risk of unprofitable construction contracts arising from design changes, additional costs and other factors. - FY2022-Q1WorsenedAnnual report
「Provision for loss on construction contracts 8 23」
The provision for loss on construction contracts increased from ¥8 million at the end of the previous fiscal year to ¥23 million at the end of the first quarter, reflecting an increase in the estimated losses related to unprofitable construction contracts. - FY2021MitigatedAnnual report
「To address this issue, the Company conducts profitability reviews by the relevant departments before work begins in accordance with the Construction Operations Standards and other applicable standards, and verifies the accuracy of plans based on process management schedules, thereby seeking to prevent unprofitable construction contracts and other issues from arising.」
The Company formalized pre-construction profitability reviews and verification of plan accuracy using process management schedules as measures to prevent unprofitable construction contracts. The provision for loss on construction contracts was ¥8 million. - FY2021-Q3RestatedAnnual report
「Provision for loss on construction contracts 8」
The Company recognized a provision of ¥8 million for losses on unprofitable construction contracts and continues to recognize provisions for contracts expected to incur losses. - FY2021-Q2RestatedAnnual report
「To provide for losses arising from construction contracts received, the Company recognizes estimated losses for contracts among those in hand at the end of the period for which losses are expected to arise and can be reasonably estimated.」
The Company continues to recognize provisions for estimated losses on unprofitable construction contracts arising from design changes, additional costs and other factors. The provision for loss on construction contracts was ¥8 million at the end of the quarter. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the previously disclosed risk of unprofitable construction projects caused by design changes and additional costs. - FY2020-Q3MitigatedAnnual report
「Provision for loss on construction contracts 14,613 3,351」
The provision for loss on construction contracts decreased from ¥14.613 million at the end of the previous fiscal year to ¥3.351 million at the end of the third quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2020-Q2WorsenedAnnual report
「Provision for loss on construction contracts 14,613 24,622」
The provision for loss on construction contracts increased from ¥14.613 million at the end of the previous fiscal year to ¥24.622 million at the end of the second quarter, reflecting an increase in the estimated losses related to unprofitable construction contracts. - FY2020-Q1MitigatedAnnual report
「Provision for loss on construction contracts 14,613 1,115」
The provision for loss on construction contracts decreased from ¥14.613 million at the end of the previous fiscal year to ¥1.115 million at the end of the first quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2019-Q3MitigatedAnnual report
「Provision for loss on construction contracts 68,803 30,198」
The provision for loss on construction contracts decreased from ¥68.803 million at the end of the previous fiscal year to ¥30.198 million at the end of the third quarter, reflecting a reduction in the estimated losses related to unprofitable construction contracts. - FY2019-Q2MitigatedAnnual report
「Provision for construction loss 68,803 43,878」
The provision for construction loss decreased from ¥68,803 thousand at the end of the previous fiscal year to ¥43,878 thousand at the end of the current second quarter, indicating a decrease in estimated losses related to unprofitable construction projects. - FY2019-Q1WorsenedAnnual report
「Provision for construction loss 68,803 74,647」
The provision for construction loss increased from ¥68,803 thousand at the end of the previous fiscal year to ¥74,647 thousand at the end of the current first quarter, indicating an increase in estimated losses related to unprofitable construction projects. - FY2018MitigatedAnnual report
「The provision for construction loss was ¥101,243 thousand in the previous fiscal year and ¥68,803 thousand in the current fiscal year.」
The provision for construction loss related to unprofitable construction projects decreased from ¥101,243 thousand in the previous fiscal year to ¥68,803 thousand. - FY2018-Q3WorsenedAnnual report
「Provision for construction loss 101,243 206,718」
The provision for construction loss increased from ¥101,243 thousand at the end of the previous fiscal year to ¥206,718 thousand at the end of the current third quarter, indicating an increase in estimated losses related to unprofitable construction projects. - FY2018-Q2WorsenedAnnual report
「Provision for construction loss 101,243 190,029」
The provision for construction loss increased from ¥101,243 thousand at the end of the previous fiscal year to ¥190,029 thousand at the end of the current second quarter, indicating an increase in estimated losses related to unprofitable construction projects. - FY2018-Q1WorsenedAnnual report
「Provision for construction loss 101,243 142,160」
The provision for construction loss increased from ¥101,243 thousand at the end of the previous fiscal year to ¥142,160 thousand at the end of the current first quarter, indicating an increase in estimated losses related to unprofitable construction projects. - FY2017WorsenedAnnual report
「The provision for construction loss was ¥48,835 thousand in the previous fiscal year and ¥101,243 thousand in the current fiscal year.」
The provision for construction loss has increased in connection with the risk of unprofitable construction projects arising from design changes, rework and other factors. The company records provisions for construction projects expected to incur losses. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the previously disclosed risk of unprofitable construction projects caused by design changes and additional costs. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the previously disclosed risk of unprofitable construction projects caused by design changes and additional costs. - FY2016First statedAnnual report
「Unprofitable construction projects may arise due to unforeseeable additional costs resulting from design changes or remedial work during construction, which could affect our performance.」
Identifies design changes and remedial work during construction as causes of additional costs and unprofitable projects.