Performance Fluctuations Due to Uncertainty in Construction Cost Estimates
First written in FY2019. 14 of 16 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
39 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - FY2024MitigatedAnnual report
「When a divergence is suspected between the actual percentage of construction progress and the cumulative incurred-cost ratio, the company investigates and examines the cause to verify the appropriateness of the amount of revenue recognized from completed construction work. Accordingly, although total costs, which form the basis for recognizing revenue from completed construction work over time as performance obligations are satisfied, are estimated in a timely and appropriate manner, future profit or loss may differ from the estimated amounts.」
While maintaining the possibility that future profit or loss may fluctuate because estimated construction costs differ from actual results, the company has specified verification procedures for investigating and examining divergences between the percentage of progress and the cumulative incurred-cost ratio. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - 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 are no newly arising or significant changes in business or other risks, including the risk of performance fluctuations arising from differences between estimated and actual total construction costs. - FY2019First statedAnnual report
「Total construction costs are estimated using the execution budget. When preparing the execution budget, total construction costs are estimated based on construction conditions and information available at that time, and the estimate is reviewed and revised as necessary from the receipt of the order and commencement of construction through completion. In addition, under Accounting Standard No. 15, Accounting Standard for Construction Contracts, revenue from completed construction work is not recognized in excess of the total contract amount already agreed. Accordingly, although total construction costs, which form the basis for recognizing revenue from completed construction work under the percentage-of-completion method, are estimated in a timely and appropriate manner, future profit or loss may differ from the estimated amounts.」
The company has disclosed for the first time the risk that estimates of total construction costs under the percentage-of-completion method may affect revenue from completed construction work and future profit or loss, and that estimates may differ from actual results.