Risk of impact on financial results from changes in estimates under the percentage-of-completion method
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
21 other companies' latest entry also says "Other".
- FY2026Revenue recognized based on the stage of completion decreased from ¥13,275.937 million to ¥8,759.817 million.Annual report
「If significant fluctuations beyond the assumptions for material prices, labor hours and other factors occur, the estimate may affect performance in the following consolidated fiscal year.」
Revenue recognized based on the stage of completion decreased from ¥13,275.937 million in the previous fiscal year to ¥8,759.817 million, but the risk that changes in estimates for material prices, labor hours and other factors could affect performance in the following fiscal year continues. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reports no material changes in the accounting estimates and assumptions described in the previous fiscal year, including accounting estimates related to the percentage-of-completion method. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reports no material changes in the accounting estimates and assumptions described in the previous fiscal year, including accounting estimates related to the percentage-of-completion method. - FY2022RestatedAnnual report
「Revenue recognized based on the stage of completion of construction projects and recorded in the consolidated financial statements for the current consolidated fiscal year was ¥11,239.938 million. If significant fluctuations beyond the assumptions for material prices, labor hours and other factors occur, the estimate may affect performance in the following consolidated fiscal year and thereafter.」
Revenue recognized based on the stage of completion increased from ¥10,125.780 million in the previous fiscal year to ¥11,239.938 million. The risk that changes in estimates for material prices, labor hours and other factors could affect performance in the following fiscal year and thereafter continues. - FY2021First statedAnnual report
「If significant fluctuations beyond the assumptions for material prices, labor hours and other factors occur, the estimate may affect performance in the following consolidated fiscal year and thereafter.」
While recognizing ¥10,125.780 million in completed-construction revenue under the percentage-of-completion method, the company disclosed independently for the first time, as a significant accounting estimate, the possibility that fluctuations in material prices, labor hours and other factors beyond assumptions could affect performance in the following fiscal year and thereafter.