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Tsuchiya Holdings (1840) · FactFirst stated

Refinement of Estimates for the Provision for Completed Construction Warranties

First written in FY2022. . Latest entry: FY2022.

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Changes in Balance of Provision for Completed Construction Work WarrantiesA theme 20 companies write about · 16 as a headwind · 1 as a tailwind

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  1. FY2022First statedAnnual report

    「During the current consolidated fiscal year, sufficient historical data had accumulated on the costs of warranty obligations related to completed construction and other work, enabling more precise estimates. Accordingly, the estimates were revised. As a result, operating income, ordinary income and income before income taxes increased by ¥50 million each in the current consolidated fiscal year.」

    Estimates for the provision for warranties on completed construction were revised based on accumulated historical data, increasing operating income and other items by ¥50 million each.
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Refinement of Estimates for the Provision for Completed Construction Warranties | TSUCHIYA HOLDINGS CO.,LTD. (1840) | Komori