Risk of Serious Construction Accidents and Defects in Completed Works
First written in FY2016. 22 of 28 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 7 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the major risks relating to construction accidents and major defects in completed work. - FY2025-H1MitigatedAnnual report
「We continue to investigate this matter. However, based on the investigation conducted during the current fiscal year, we have determined that the possibility of a similar event occurring in buildings other than those in which the presence of the above-mentioned slag was identified has currently decreased, and that the materiality of the matter's impact on the consolidated financial statements is low. In addition, a provision for warranty costs for completed construction of ¥56.403 million has been recognized for compensation costs related to this matter.」
Regarding the contaminated slag issue involving previously constructed buildings, the possibility of a similar event occurring in other buildings has decreased, and the group determined that the impact on the financial statements is not material. Meanwhile, a provision for warranty costs for completed construction of ¥56.403 million has been recognized for compensation costs. - FY2024MaterialisedAnnual report
「In June 2024, contaminated slag was found in the foundations and other parts of buildings previously constructed by our company during demolition work performed by a subsidiary.」
A new defect involving a previously constructed structure was identified after submission, and the scope of investigation and removal is being confirmed. The estimated loss under the maximum assumed scenario is approximately ¥500 million. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - FY2023-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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - FY2023-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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - FY2022-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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - FY2021-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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - 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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2021-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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2020WorsenedAnnual report
「However, if an accident occurs in construction work performed by our group, depending on its cause, administrative sanctions, including suspension of designation, and claims for damages could significantly undermine our group's trust and reputation and potentially affect its operating performance and financial condition. In particular, if a serious accident such as a train derailment occurs in railway-related construction, it could affect our group's business activities as a whole.」
In addition to the existing risk of construction accidents, the disclosure explicitly identified the potential impact on business activities as a whole if a serious accident such as a train derailment occurs during railway construction. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2019RestatedAnnual report
「However, depending on the cause of an accident, it could result in administrative sanctions, including suspension of designation, and claims for damages, significantly undermining our group's trust and reputation and potentially affecting its operating performance and financial condition.」
The risks of administrative sanctions, claims for damages, reputational damage, and impacts on operating performance and financial condition resulting from construction accidents continue to be disclosed. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2018RestatedAnnual report
「However, depending on the cause of an accident, it could result in administrative sanctions, including suspension of designation, and claims for damages, significantly undermining our group's trust and reputation and potentially affecting its operating performance and financial condition.」
The disclosure continues to identify the risks of impacts on operating performance and financial condition resulting from construction accidents, administrative sanctions, claims for damages and reputational damage. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - 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.」
The disclosure states that there have been no significant changes in the risk of construction accidents and major defects in completed work. - FY2017MaterialisedAnnual report
「Regarding the inappropriate treatment of temporary cofferdam materials in seismic reinforcement work previously completed by our company, we have worked promptly to take appropriate measures and have thoroughly implemented measures to prevent recurrence. / Because the expected amount of additional costs was determined, an additional provision was recognized in the fourth quarter.」
Regarding the inappropriate treatment in past seismic reinforcement work, the group implemented measures to prevent recurrence, determined the expected additional costs, and recognized an additional provision for warranty costs for completed construction in the fourth quarter. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2017-Q2MaterialisedAnnual report
「Regarding the inappropriate treatment of temporary cofferdam materials in seismic reinforcement work previously completed by our company, a provision for warranty costs for completed construction was recognized in the fiscal year ended March 2016. However, because the estimated amount of additional costs expected to be incurred was determined, an additional provision was recognized in the second quarter,」
Regarding the inappropriate treatment in past seismic reinforcement work, the disclosure stated that an additional provision for warranty costs for completed construction was recognized after the expected additional costs were determined. The risk relating to construction defects has materialized as an actual expense. - 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.」
The disclosure stated that there had been no significant changes in the risk of construction accidents and major defects in completed work. - FY2016First statedAnnual report
「However, depending on the cause of an accident, it could result in administrative sanctions, including suspension of designation, and claims for damages, significantly undermining our group's trust and reputation and potentially affecting its operating performance and financial condition.」
The disclosure identified repair costs for major defects, as well as administrative sanctions, claims for damages and reputational damage resulting from construction accidents, as risks. Measures include safety construction reviews, safety patrols, and inspections and guidance.