Uncertainty in Estimating Total Construction Costs

「工事収益総額及び工事原価総額の見積りは、新たな合意による工事契約の変更や工種並びに工法の見直し、新たな事象の発生等の状況変化により変動する可能性があります。」

「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.」

「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.」

「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.」

「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.」

「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.」

「Estimates of total construction revenue and total construction costs may fluctuate due to changes in circumstances, such as changes to construction contracts resulting from new agreements, reviews of the types of work and construction methods, and the occurrence of new events. As a result, total construction revenue and total construction costs may differ from the estimated amounts, potentially affecting revenue from completed construction work under construction contracts for which performance obligations are satisfied over a period of time and which will be included in the consolidated financial statements for the following fiscal year.」

「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.」

「Total construction costs are estimated by establishing assumptions for future weather conditions, construction conditions and prices of materials and equipment based on information available at the time of preparation for each project, taking work efficiency and other factors into account, and building up detailed estimates for each type of work.」

「There have been no significant changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, and accounting estimates described in the “Additional Information” section of the previous fiscal year's annual securities report.」

「There have been no significant changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, and accounting estimates described in the “Additional Information” section of the previous fiscal year's annual securities report.」

「There have been no significant changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, and accounting estimates described in the “Additional Information” section of the previous fiscal year's annual securities report.」

「There have been no significant changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, and accounting estimates described in the “Additional Information” section of the previous fiscal year's annual securities report.」

「There have been no significant changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, and accounting estimates described in the “Additional Information” section of the previous fiscal year's annual securities report.」

「There are various assumptions, including weather conditions, construction conditions, prices of materials and equipment, and work efficiency. Although these are estimated in a timely and appropriate manner, the total construction costs in the future may differ from the estimated amounts.」