Risk of Construction Suspensions and Revenue Recognition Due to the Prolonged COVID-19 Pandemic
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2022-Q3.
10 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year, under “Accounting estimates relating to the impact of the spread of COVID-19.” The impact of the spread of COVID-19 remains subject to many uncertainties and could affect the company’s financial position and operating results from the third-quarter accounting period onward.」
The company states that there have been no material changes to the accounting assumptions relating to the impact of the infection, while the possibility of an impact on its financial position and operating results remains. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year, under “Accounting estimates relating to the impact of the spread of COVID-19.” The impact of the spread of COVID-19 remains subject to many uncertainties and could affect the company’s financial position and operating results from the second-quarter accounting period onward.」
The company states that there have been no material changes to the accounting assumptions relating to the impact of the infection, while the possibility of an impact on its financial position and operating results remains. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year, under “Accounting estimates relating to the impact of the spread of COVID-19.” The impact of the spread of COVID-19 remains subject to many uncertainties and could affect the company’s financial position and operating results from the first-quarter accounting period onward.」
The company states that there have been no material changes to the accounting assumptions relating to the impact of the infection, while the possibility of an impact on its financial position and operating results remains. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year, under “Accounting estimates relating to the impact of the spread of COVID-19.” The impact of the spread of COVID-19 remains subject to many uncertainties and could affect the company’s financial position and operating results from the second-quarter accounting period onward.」
The company states that there have been no material changes to the accounting assumptions relating to the impact of the infection, while the possibility of an impact on its financial position and operating results remains. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year, under “Accounting estimates relating to the impact of the spread of COVID-19.” The impact of the spread of COVID-19 remains subject to many uncertainties and could affect the company’s financial position and operating results from the first-quarter accounting period onward.」
Although there have been no material changes to the assumptions underlying accounting estimates relating to COVID-19, the possibility of an impact on the company’s financial position and operating results remains. - FY2020First statedAnnual report
「If the impact of COVID-19 continues for an extended period, revenue recognition under the percentage-of-completion method could be affected by interruptions to construction work and delays in the delivery of construction materials and equipment, resulting in delays to construction schedules.」
The company has explicitly identified the possibility that a prolonged impact from COVID-19 could affect revenue recognition under the percentage-of-completion method through construction interruptions, delays in the delivery of construction materials and equipment, and construction schedule delays, as a new risk relating to accounting estimates.