Uncertainty in estimating construction revenue under the percentage-of-completion method
First written in FY2021. 6 of 12 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".
- FY2026Construction contract revenue and contract assets updatedAnnual report
「Revenue from construction contracts recognized based on progress 32,048,304 37,891,572 Contract assets 4,670,397 4,733,006」
The company updated its revenue from construction contracts recognized based on progress and contract assets. It continues to disclose the possibility that differences between estimated total costs and total costs incurred will affect revenue from completed construction contracts in the following year. - FY2026-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. 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 no new major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2025Construction contract revenue and contract assets updatedAnnual report
「Revenue from construction contracts recognized based on progress 23,255,435 32,048,304 Contract assets 3,005,210 4,670,397」
Revenue from construction contracts recognized based on progress was ¥32,048.304 million, and contract assets were ¥4,670.397 million. The company continues to disclose the possibility that differences between estimated total costs and total costs incurred will affect revenue from completed construction contracts in the following year. - FY2024Construction contract revenue and contract assets updatedAnnual report
「Revenue from construction contracts recognized based on progress 16,597,988 23,255,435 Contract assets 3,051,007 3,005,210」
Revenue from construction contracts recognized based on progress was ¥23,255.435 million, and contract assets were ¥3,005.210 million. The company continues to disclose the possibility that differences between estimated total costs and total costs incurred will affect revenue from completed construction contracts in the following year. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that no new major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2024-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. 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 no new major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2023Construction contract revenue and contract assets updatedAnnual report
「Revenue from construction contracts recognized based on progress 16,071,990 16,597,988 Contract assets 1,468,463 3,051,007」
Revenue from construction contracts recognized based on progress was ¥16,597.988 million, and contract assets were ¥3,051.007 million. The possibility that differences between estimated total costs and total costs incurred will affect revenue from completed construction contracts in the following year remains. - FY2023-Q3RestatedAnnual report
「During the first three quarters of the current consolidated fiscal year, there were no new occurrences or material changes in the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in this quarterly report, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that no major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that no new major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2022Construction contract revenue and contract assets updatedAnnual report
「Revenue from construction contracts recognized based on progress 5,008,000 16,071,990 Contract assets 2,035,000 1,468,463」
Revenue from construction contracts recognized based on progress was ¥16,071.990 million, and contract assets were ¥1,468.463 million. The possibility that differences between estimated total costs and total costs incurred will affect revenue from completed construction contracts in the following year remains. - FY2022-Q3RestatedAnnual report
「During the first three quarters of the current consolidated fiscal year, there were no new occurrences or material changes in the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in this quarterly report, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that no major risks, including estimation uncertainty in revenue from completed construction contracts under the percentage-of-completion method, have arisen or undergone significant changes. - FY2021First statedAnnual report
「If the actual construction costs upon completion differ from the approved budget, this will affect the estimated percentage of completion at the end of the current consolidated fiscal year and may affect the amount of revenue from completed construction contracts reported in the consolidated financial statements for the following consolidated fiscal year.」
For the percentage-of-completion method, the company disclosed ¥5,008 million in revenue from completed construction contracts for construction in progress and ¥2,035 million in notes and accounts receivable, including completed construction contract receivables, and stated that differences between the approved budget and actual costs may affect revenue from completed construction contracts in the following year.