Credit risk associated with subcontracting structures involving general contractors and others
First written in FY2016. 25 of 28 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 4 of 17 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「No new business or other risks arose during the current interim accounting period. In addition, there have been 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 or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim accounting period. In addition, there have been 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 or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2023WorsenedAnnual report
「For public works, small construction companies often serve as prime contractors after winning bids, increasing credit risk in terms of the number of counterparties. However, the company seeks to minimize the occurrence of credit problems by strengthening its internal credit management system.」
While explicitly stating that credit risk has increased in terms of the number of counterparties, the company continues to implement measures to contain it through its credit management system. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2023-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 or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2023-Q1RestatedAnnual report
「During the cumulative first-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 or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2019WorsenedAnnual report
「In its future business activities, the company needs to recognize downside risks including quantitative constraints on public investment, intensifying competition for orders, rising raw material prices and labor costs, and the emergence of credit risk.」
The company explicitly identifies the emergence of credit risk as a downside risk, rather than using the previous wording of increasing credit risk. This does not describe the occurrence of an actual credit problem. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter. In addition, there were 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 or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with small prime contractors and others on public works. - FY2017RestatedAnnual report
「For public works, small construction companies often serve as prime contractors after winning bids, increasing credit risk. The company seeks to minimize the occurrence of credit problems by strengthening its internal credit management system.」
The company continues to disclose the credit risk associated with the increase in small prime contractors and the measures to contain it through its internal credit management system. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with subcontracting structures involving general contractors and others. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new or material changes to business and other risks, including credit risk associated with subcontracting structures involving general contractors and others. - FY2017-Q1RestatedAnnual report
「During the cumulative first-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 explains that, including credit risk in public works, there have been no material changes to the risks described in the previous fiscal year. - FY2016First statedAnnual report
「For public works, small construction companies often serve as prime contractors after winning bids, increasing credit risk. The company seeks to minimize the occurrence of credit problems by strengthening its internal credit management system.」
The increase in small prime contractors on public works has increased credit risk, which the company says it will contain through its internal credit management system.