Risk of Changes in Estimated Total Construction Costs and Losses
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the estimated amount fluctuates in the future due to changes in these circumstances, this may affect construction profit or loss.」
The company continues to identify the accounting risk that fluctuations in estimated total construction costs may affect construction profit or loss. - FY2025-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in the accounting estimates and assumptions relating to total construction costs and estimated construction losses. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company explains that there have been no material changes in the accounting estimates and assumptions relating to total construction costs and estimated construction losses. - FY2023First statedAnnual report
「Total construction costs are a key estimate when recognizing revenue over a period of time. We base our estimates on execution budgets that incorporate circumstances specific to each project, taking into account the results of past construction work, and reflect various changes in circumstances in the estimates in a timely and appropriate manner. However, if the estimated amount fluctuates due to external factors such as market conditions and weather conditions, this may affect construction profit or loss.」
The company identifies as a material accounting estimate the risk that fluctuations caused by market conditions, weather conditions and other factors in estimates of total construction costs used for progress-based revenue recognition may affect construction profit or loss.