Risk of changes in revenue and estimated construction costs due to changes in construction specifications and other factors
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 10 of 82 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The construction contracts concerned are highly individualised because their specifications and construction periods differ from project to project. They are also characterised by changes to construction specifications resulting from unforeseen events occurring during construction. If it becomes necessary to revise the estimate of total construction costs again due to unforeseen changes in circumstances or other factors, this may affect future business results.」
The company continues to disclose the risk of changes in estimated total construction costs due to changes in construction specifications and unforeseen events, and the response of revising the execution budget. - FY2023First statedAnnual report
「The construction contracts concerned are highly individualised because their specifications and construction periods differ from project to project. They are also characterised by changes to construction specifications resulting from unforeseen events occurring during construction. If it becomes necessary to revise the estimate of total construction costs again due to unforeseen changes in circumstances or other factors, this may affect future business results.」
The company newly stated that revisions to estimates of total construction costs used for revenue recognition, due to changes in construction specifications or unforeseen events, may affect future business results.