Risk of defects in completed construction and nonconformity liability
First written in FY2016. 23 of 27 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2023MitigatedAnnual report
「To address the above risks, we are working to manage the quality of construction deliverables by carrying out construction in accordance with various internal standards, conducting quality patrols, reviewing construction management using internal organizations, sharing cases of contractual non-conformity and defects across the entire company, and providing various training programs, among other measures.」
Specific measures to address construction-quality risks were described, including quality patrols, construction-management reviews, company-wide sharing of defect cases, and training. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new occurrences of major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no significant changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2023-Q2RestatedAnnual report
「There were no new occurrences of the major risks that management recognizes as potentially having a material impact on the consolidated companies' financial position, operating results or cash flows, and no material changes to the risks described under "Business and Other Risks" in the annual securities report for the previous fiscal year, among the matters concerning the business and accounting conditions described in this quarterly report during the cumulative second quarter.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2021MaterialisedAnnual report
「The provision for compensation for completed construction relates to ¥9,049 million recorded because construction deficiencies concerning the interior and other features were discovered at an apartment building in Tokyo that we completed and delivered in March 2019, making it certain that costs for repairing the defects would be incurred.」
A defect in completed construction, previously described as a risk, actually occurred as construction deficiencies at an apartment building in Tokyo, resulting in the recognition of a ¥9,049 million provision for compensation for completed construction to cover repair costs. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new occurrences of major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no significant changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no significant changes in the occurrence of major risks that management recognizes as potentially having a material impact on the consolidated companies’ financial position, operating results or cash flows, or in the “Business Risks” described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with contractual non-conformity liability. - FY2020ReframedAnnual report
「Although we take every possible precaution in quality management for construction deliverables, a major defect could damage customer trust and materially affect the operating results and other matters of the Group through payments of damages under our contractual non-conformity liability, among other factors.」
Regarding the risk of defects in completed construction, the terminology was reorganized from the previous concept of defect liability to contractual non-conformity liability, with the description focused on major defects. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with defect liability. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with defect liability. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with defect liability. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risks of defects in completed construction and damages associated with defect liability. - FY2018RestatedAnnual report
「Although we take every possible precaution in quality management, if a defect were to occur, it could affect our operating results and other matters through the loss of customer trust and payments of damages under our defect liability, among other factors.」
The risks of defects in completed construction and damages associated with defect liability were reiterated. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the risk of defects in completed construction and defect-liability claims. - FY2016First statedAnnual report
「Although we take every possible precaution in quality management, if a defect were to occur, it could affect our operating results and other matters through the loss of customer trust and payments of damages under our defect liability, among other factors.」
The effects identified are damage to customer trust and payments of damages.