Uncertainty in Accounting Estimates for Impairment, Real Estate Held for Sale, Construction Costs, etc.
First written in FY2022. 8 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 21 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because future profit or loss may differ from the estimated amounts due to changes in various conditions, including weather, construction conditions, construction material prices and work efficiency, such changes may affect the amounts of revenue from completed construction and provisions for construction losses recognized for construction projects for which revenue is recognized over a period of time.」
The company continues to disclose the accounting estimates for the valuation of real estate held for sale, total construction costs, provisions for construction losses and other items, as well as uncertainties concerning weather, construction conditions, material prices and work efficiency. - FY2026-H1RestatedAnnual report
「There were no significant changes from the previous fiscal year's securities report to the descriptions of significant accounting estimates and the assumptions used in those estimates in the section titled “Management's Analysis of Financial Position, Operating Results and Cash Flows.”」
The company states that there have been no significant changes in the material accounting estimates and assumptions related to impairment, real estate held for sale, total construction costs, provisions for construction losses and other items. - FY2025RestatedAnnual report
「Because future profit or loss may differ from the estimated amounts due to changes in various conditions, including weather, construction conditions, construction material prices and work efficiency, such changes may affect the amounts of revenue from completed construction and provisions for construction losses recognized for construction projects for which revenue is recognized over a period of time.」
The company continues to disclose the accounting estimates for total construction costs, provisions for construction losses, valuation of real estate held for sale and other items, as well as uncertainties concerning weather, construction conditions, material prices and work efficiency. - FY2024-Q3RestatedAnnual report
「There were no significant changes from the previous fiscal year's securities report to the descriptions of significant accounting estimates and the assumptions used in those estimates in the section titled “Management's Analysis of Financial Position, Operating Results and Cash Flows.”」
The company states that there have been no significant changes in the accounting estimates and assumptions related to impairment, real estate held for sale, total construction costs, provisions for construction losses and other items. - FY2024-Q2RestatedAnnual report
「There were no significant changes from the previous fiscal year's securities report to the descriptions of significant accounting estimates and the assumptions used in those estimates in the section titled “Management's Analysis of Financial Position, Operating Results and Cash Flows.”」
The company states that there have been no significant changes in the accounting estimates and assumptions related to impairment, real estate held for sale, total construction costs, provisions for construction losses and other items. - FY2024-Q1RestatedAnnual report
「There were no significant changes from the previous fiscal year's securities report to the descriptions of significant accounting estimates and the assumptions used in those estimates in the section titled “Management's Analysis of Financial Position, Operating Results and Cash Flows.”」
The company states that there have been no significant changes in the accounting estimates and assumptions related to impairment, real estate held for sale, total construction costs, provisions for construction losses and other items. - FY2023RestatedAnnual report
「Because future profit or loss may differ from the estimated amounts due to changes in various conditions, including weather, construction conditions, construction material prices and work efficiency, such changes may affect the amounts of revenue from completed construction and provisions for construction losses recognized for construction projects for which revenue is recognized over a period of time.」
The company continues to disclose the uncertainties and assumptions related to accounting estimates for impairment, real estate held for sale, total construction costs, provisions for construction losses and other items. - FY2023-Q3RestatedAnnual report
「There were no significant changes from the previous fiscal year's securities report to the descriptions of significant accounting estimates and the assumptions used in those estimates in the section titled “Management's Analysis of Financial Position, Operating Results and Cash Flows.”」
The company stated that there had been no material changes from the previous fiscal year in its accounting estimates or the related assumptions. - FY2022First statedAnnual report
「There are also factors, including the impact of COVID-19, that involve significant uncertainty and are difficult to reflect in projected figures such as future business plans. However, the company has conducted verification based on information available as of the end of the period.」
The company explains that the carrying amounts recorded in the financial statements for the recoverability of deferred tax assets, impairment of fixed assets, valuation of real estate held for sale, total construction costs and provisions for construction losses may fluctuate as future market conditions, profitability, construction conditions and other factors change.