Uncertainty in Estimating Construction Revenue under the Percentage-of-Completion Method
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 9 of 80 companies on the "Worse" side.
27 other companies' latest entry also says "Other".
- FY2025Increase in construction revenueAnnual report
「Revenue from completed construction contracts 15,456 24,093」
Revenue from construction contracts recognized over time based on estimated total construction costs increased from ¥15,456 million in the previous period to ¥24,093 million. The company continues to disclose the possibility that changes in assumptions regarding weather conditions, construction conditions, prices of materials and equipment, and work efficiency could cause revenue from completed construction contracts in the following period to increase or decrease. - FY2023RestatedAnnual report
「Revenue from construction contracts recognized over time 19,082」
The company continues to disclose estimates of total construction costs using weather conditions, construction conditions, prices of materials and equipment, work efficiency and other factors, as well as the possibility that changes in assumptions could cause revenue from completed construction contracts in the following period to increase or decrease. - FY2022RestatedAnnual report
「Revenue from construction contracts recognized over time 17,436」
The company continues to disclose that total construction costs are estimated using weather conditions, construction conditions, prices of materials and equipment, work efficiency and other factors, and that changes in key assumptions could cause revenue from completed construction contracts in the following period to increase or decrease. - FY2021First statedAnnual report
「The assumptions used to estimate total construction costs include various factors such as weather conditions, construction conditions, prices of materials and equipment, and work efficiency. Although these key assumptions are estimated in a timely and appropriate manner, changes in the key assumptions could cause revenue from completed construction contracts in the following consolidated fiscal year to increase or decrease.」
The company newly provided detailed disclosure of revenue from construction contracts recognized under the percentage-of-completion method as a significant accounting estimate, reporting current-period revenue from the relevant completed construction contracts of ¥19,144 million.