Repair costs for customer properties completed in the past
First written in FY2017-Q2. 8 of 20 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-08-06.
Taisei Oncho moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「Provision for warranty on completed construction 79,431 61,221」
The provision for warranty on completed construction decreased from ¥79 million at the end of the previous consolidated fiscal year to ¥61 million. - FY2026RestatedAnnual report
「Provision for compensation losses 513,000 513,000」
The ¥513 million provision for compensation losses related to defects in construction projects handed over in prior years, recognized in the previous fiscal year, remained outstanding at the end of the current fiscal year. No additional provision expense for the current fiscal year is disclosed. - 2026-05-13WorsenedEarnings
「Provision for warranty on completed construction 68,466 79,431」
The provision for warranty on completed construction increased from ¥68.466 million at the end of the previous fiscal year to ¥79.431 million. - FY2026-H1WorsenedAnnual report
「Provision for compensation related to completed construction 68,466 94,185」
The provision for compensation related to completed construction increased from ¥68.466 million at the end of the previous fiscal year to ¥94.185 million. - FY2025MaterialisedAnnual report
「Because defects occurred in construction projects carried out by the Company and handed over to customers in prior years, the Company estimated various costs, including investigation expenses, site management expenses and reinforcement work expenses, and recognized ¥513 million as a provision expense for compensation losses.」
Defects actually occurred in construction projects handed over in prior years, and ¥513 million was recognized as a provision for compensation losses for investigation expenses, reinforcement work expenses and other costs. - FY2025-H1WorsenedAnnual report
「Provision for compensation related to completed construction 42,058 52,592」
The provision for compensation related to completed construction increased from ¥42.058 million at the end of the previous fiscal year to ¥52.592 million, indicating an increase in the provision for post-completion obligations. - FY2024WorsenedAnnual report
「Provision for compensation related to completed construction 37,923 42,058」
The provision for compensation related to completed construction increased from ¥37.923 million at the end of the previous fiscal year to ¥42.058 million. - FY2024-Q3Slight increase in the provision for compensation related to completed constructionAnnual report
「Provision for compensation related to completed construction 37,923 27,561」
The provision for compensation related to completed construction declined from ¥37.923 million at the end of the previous consolidated fiscal year to ¥27.561 million, but increased slightly from ¥27.093 million at the end of the previous quarter. - FY2024-Q2MitigatedAnnual report
「Provision for compensation related to completed construction 37,923 27,093」
The provision for compensation related to completed construction declined from ¥37.923 million at the end of the previous fiscal year to ¥27.093 million. - FY2024-Q1MitigatedAnnual report
「Provision for compensation related to completed construction 37,923 37,600」
The provision for compensation related to completed construction declined from ¥37.923 million at the end of the previous fiscal year to ¥37.6 million. - FY2023Decrease in the provision for compensation and recognition of damages related to prior-year constructionAnnual report
「Damages 33,182」
While the provision for compensation related to completed construction declined from ¥52.181 million at the end of the previous fiscal year to ¥37.923 million, ¥33.182 million in damages was recognized as an extraordinary loss for repairs and other costs related to construction completed in prior years after handover. - FY2023-Q3WorsenedAnnual report
「Provision for compensation related to completed construction 61,536」
The provision for compensation related to completed construction increased from ¥52.181 million at the end of the previous consolidated fiscal year to ¥61.536 million. - FY2023-Q2WorsenedAnnual report
「Provision for compensation related to completed construction 63,624」
The provision for compensation related to completed construction stood at ¥63.624 million, up from ¥52.181 million at the end of the previous fiscal year and ¥58.617 million at the end of the first quarter. - FY2023-Q1WorsenedAnnual report
「Provision for compensation related to completed construction 52,181 58,617」
The provision for compensation related to completed construction increased from ¥52.181 million at the end of the previous fiscal year to ¥58.617 million at the end of the first quarter of the current fiscal year. - FY2022Provision for compensation related to completed construction continues to be recognizedAnnual report
「Provision for compensation related to completed construction 52,181」
The provision for compensation related to completed construction stood at ¥52.181 million at the end of the fiscal year. Although it declined from ¥58.09 million at the end of the previous fiscal year, the provision for post-completion obligations continues to be maintained. - FY2021-Q3RestatedAnnual report
「¥268 million was recognized in extraordinary income as a reversal of the provision for compensation related to completed construction」
The recognition in extraordinary income of a ¥268 million reversal of the provision for compensation related to completed construction continues to be disclosed. - FY2021-Q2MitigatedAnnual report
「¥268 million was recognized in extraordinary income as a reversal of the provision for compensation related to completed construction」
A ¥268 million reversal of the provision for compensation related to completed construction was recognized in extraordinary income, indicating that a provision for past post-completion obligations was reversed. - FY2019-Q3RestatedAnnual report
「¥250 million in settlement proceeds and other items were recognized as extraordinary income, and ¥1,614 million in provision expenses for compensation related to completed construction and other items were recognized as extraordinary losses,」
The recognition of provision expenses for compensation related to completed construction and other items is described as a post-completion burden continuing from the previous quarter. - FY2019-Q2WorsenedAnnual report
「¥1,602 million was recognized as an extraordinary loss for the provision for compensation related to completed construction,」
A ¥1,602 million provision expense for compensation related to completed construction was recognized as an extraordinary loss, quantifying the substantial post-completion burden following the repair costs incurred in prior years. - FY2017-Q2MaterialisedAnnual report
「Operating income declined, among other reasons, because gross profit margin fell as repair costs for customer properties completed in prior years were recognized,」
The statement says that repair costs for customer properties completed in prior years were actually recognized, affecting the gross profit margin and operating income.