Notice Regarding the Recognition of Provision for Loss on Construction Contracts
TOA CORPORATION
Demolition work related to making the Raw Material A and B Berths in the Ogishima Sendō Area public, and mainly certain overseas construction projects
A serious accident at a construction project being carried out by the Company, subcontracting and other costs required for accident response and construction resumption, and increased prices for materials, equipment and labor, mainly on certain overseas construction projects
¥6,512 million (recorded as cost of sales)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
Reflected in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP)” disclosed today
Company response
For the demolition work related to making the Raw Material A and B Berths in the Ogishima Sendō Area public, subcontracting and other costs required to resume construction are mentioned
Additional costs, including subcontracting and other costs required for accident response and construction resumption, are expected to arise. Timing: Not disclosed
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recognition of Provision for Loss on Construction Contracts |
| Subject Entity | TOA CORPORATION |
| Target Locations / Products | Demolition work related to making the Raw Material A and B Berths in the Ogishima Sendō Area public, and mainly certain overseas construction projects |
| Cause | A serious accident at a construction project being carried out by the Company, subcontracting and other costs required for accident response and construction resumption, and increased prices for materials, equipment and labor, mainly on certain overseas construction projects |
| Amount of Impact on Business Performance | ¥6,512 million (recorded as cost of sales) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | Reflected in the “Consolidated Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP)” disclosed today |
| Suspended operations | For the demolition work related to making the Raw Material A and B Berths in the Ogishima Sendō Area public, subcontracting and other costs required to resume construction are mentioned |
| Outlook | Additional costs, including subcontracting and other costs required for accident response and construction resumption, are expected to arise. Timing: Not disclosed |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.A serious accident occurred at a construction project in progress, and subcontracting and other costs required for accident response and construction resumption are expected. In addition, prices for materials, equipment and labor have risen, mainly on certain overseas construction projects, and costs through completion of the projects are expected to increase.