Damages Claims Arising from Serious Defects in Construction Projects
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2026.
Asanuma moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If a non-conformity occurs in a completed project, this could have an extremely serious impact on the Group's business performance, as it would not only undermine customers' confidence in the quality of the Group's construction work and its social reputation, but also require the Group to provide compensation to customers and third parties under its liability for non-conformity.」
The terminology has changed from defects and warranty liability for defects to non-conformity and liability for non-conformity, while the recognition of risks involving compensation for customers and third parties and a serious impact on business performance has been maintained. - FY2020WorsenedAnnual report
「If a defect occurs in a completed project, this could have an extremely serious impact on the Group's business performance, as it would not only undermine customers' confidence in the quality of the Group's construction work and its social reputation, but also require the Group to provide compensation to customers and third parties under its warranty liability for defects.」
The disclosure specifies the risks associated with damages arising from major defects, including compensation for customers and third parties, damage to trust and social reputation, and an extremely serious impact on business performance. - FY2019RestatedAnnual report
「If a major defect occurs in a construction project completed by the Group, damages and other costs arising from warranty liability for defects may be incurred, potentially affecting business performance and other matters.」
The risk of major defects in completed construction projects and resulting damages is reiterated. - FY2018RestatedAnnual report
「If a major defect occurs in a construction project completed by the Group, damages and other costs arising from warranty liability for defects may be incurred, potentially affecting business performance and other matters.」
The risk of damages arising from major defects in completed construction projects and warranty liability for defects is reiterated. - FY2017RestatedAnnual report
「If a major defect occurs in a construction project completed by the Group, damages and other costs arising from warranty liability for defects may be incurred, potentially affecting business performance and other matters.」
The risk of damages arising from major defects in completed construction projects and warranty liability for defects is reiterated. - FY2016First statedAnnual report
「If a major defect occurs in a construction project completed by the Group, damages and other costs arising from warranty liability for defects may be incurred, potentially affecting business performance and other matters.」
Major quality defects and warranty liability for defects are identified as business performance risks.