Risk of Defects in Completed Construction and Other Deliverables
First written in FY2016. 18 of 22 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company takes every measure to ensure quality control through thorough construction management. However, if a serious defect occurs in completed construction or other products provided by the Company, this could affect the Group's business results and corporate reputation. The Company is strengthening quality control by its head office Quality Control Office and quality advisors at its branches.」
It continues to address the risk of serious defects through the Quality Control Office and branch quality advisors. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It explains that there have been no new developments or material changes in the risk of defects in completed construction and other work. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It explains that there have been no new developments or material changes in the risk of defects in completed construction and other work. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It explains that there have been no new developments or material changes in the risk of defects in completed construction and other work. - FY2021MitigatedAnnual report
「The Company is strengthening quality control by its head office Quality Control Office and quality advisors at its branches. In response to defects that have occurred, it will provide sincere customer support and implement reliable corrective measures to restore confidence.」
While construction defects have actually appeared as costs and provisions, it explicitly describes measures involving the head office Quality Control Office, branch quality advisors, customer support, and corrective action. - FY2021-Q3MaterialisedAnnual report
「Mainly because revenue from completed construction declined and the Company recorded rebuilding costs in cost of completed construction as a measure to address construction defects in condominiums completed and delivered in the past, operating income was ¥1 billion, down 74.4% year on year, ordinary income was ¥1.1 billion, down 73.8%, and net income attributable to owners of the parent was ¥400 million, down 82.4%.」
It recorded rebuilding costs as a measure to address construction defects in condominiums completed and delivered in the past, and the risk of defects in completed construction continues to appear as expenses and lower profits. - FY2021-Q2MaterialisedAnnual report
「Mainly because revenue from completed construction declined and the Company recorded rebuilding costs in cost of completed construction as a measure to address construction defects in condominiums completed and delivered in the past, operating loss was ¥200 million (compared with operating income of ¥2.5 billion in the same period of the previous year), ordinary loss was ¥200 million (compared with ordinary income of ¥2.4 billion), and net loss attributable to owners of the parent was ¥300 million (compared with net income attributable to owners of the parent of ¥1.6 billion).」
It recorded rebuilding costs as a measure to address construction defects in condominiums completed and delivered in the past, showing that the risk of defects in completed construction has materialized as actual costs and losses. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2018RestatedAnnual report
「The Company takes every measure to ensure quality control through thorough construction management. However, if a serious defect occurs in completed construction or other products provided by the Company, this could affect the Group's business results and corporate reputation.」
Based on its policy of thorough quality control, it continues to identify the impact of serious defects on business results and corporate reputation as a risk. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2017RestatedAnnual report
「The Company takes every measure to ensure quality control through thorough construction management. However, if a serious defect occurs in completed construction or other products provided by the Company, this could affect the Group's business results and corporate reputation.」
While maintaining quality control as a prerequisite, it continues to identify the impact of serious defects on business results and corporate reputation as a risk. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risk of defects in completed construction and other work. - FY2016First statedAnnual report
「The Company takes every measure to ensure quality control through thorough construction management. However, if a serious defect occurs in completed construction or other products provided by the Company, this could affect the Group's business results and corporate reputation.」
After describing its thorough quality control, it identifies the impact of a serious defect on business results and corporate reputation as a risk.