Liability for Major Defects in Completed Construction Projects
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2022.
Seikitokyu Kogyo moved to the "Worse" side of this theme in 2022, 1 year 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".
- FY2022ReframedAnnual report
「We regard quality management as a key issue and are addressing it by, among other measures, obtaining certification under international quality assurance standards. However, if our group becomes liable for non-conformity to contract in completed construction projects, this could adversely affect our operating results and financial position.」
The wording has changed from the former term “defects liability” to “liability for non-conformity to contract” in line with the terminology used in the applicable laws. - FY2019RestatedAnnual report
「We regard quality management as a key issue and are addressing it by, among other measures, obtaining certification under international quality assurance standards. However, if our group becomes liable for major defects in completed construction projects, this could adversely affect our operating results and financial position.」
The company reiterates the risk that major defects liability may arise in completed construction projects while describing its quality assurance initiatives. - FY2017RestatedAnnual report
「We regard quality management as a key issue and are addressing it by, among other measures, obtaining certification under international quality assurance standards. However, if our group becomes liable for major defects in completed construction projects, this could adversely affect our operating results and financial position.」
The company reiterates the risk of major defects liability arising in completed construction projects while describing its quality assurance initiatives. - FY2016First statedAnnual report
「We regard quality management as a key issue and are addressing it by, among other measures, obtaining certification under international quality assurance standards. However, if our group becomes liable for major defects in completed construction projects, this could adversely affect our operating results and financial position.」
The disclosure refers to certification under international quality assurance standards and identifies the potential occurrence of major defects liability as a risk.