Construction accident at an overseas project
First written in FY2016. 8 of 13 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019AchievedAnnual report
「Following discussions with the power company regarding the accident, a settlement was reached for $2.8 million during the current consolidated fiscal year. The full amount of the damages was paid under construction insurance, so there was no impact on the results of the Group.」
Regarding the accident in which a high-voltage line fell to the ground, it has confirmed that a settlement was reached for $2.8 million, the full amount of the damages was paid under construction insurance, and there was no impact on results. - FY2019-Q3MitigatedAnnual report
「Following discussions with the power company regarding the accident, a settlement was reached for $2.8 million during the second quarter of the current consolidated fiscal year. The full amount of the damages was paid under construction insurance, so there was no impact on the results of the Group.」
Regarding the accident in which a high-voltage line fell to the ground, it has confirmed that a settlement was reached for $2.8 million in the second quarter, the full amount of the damages was paid under construction insurance, and there was no impact on results. - FY2019-Q2MitigatedAnnual report
「Following discussions with the power company regarding the accident, a settlement was reached for $2.8 million during the second quarter of the current consolidated fiscal year. The full amount of the damages will be paid under construction insurance, so there will be no impact on the results of the Group.」
Regarding the JAFEC USA accident in which a high-voltage line fell to the ground, it explains that a settlement with the power company was reached for $2.8 million and that there will be no impact on results because the full amount of the damages will be paid under construction insurance. - FY2019-Q1RestatedAnnual report
「The power company has submitted a damages claim of US$3.613 million in connection with the accident. We are discussing with the company the scope and amount covered by the claim, and it is currently difficult to reasonably estimate the amount of the impact on our consolidated results. The damages are expected to remain within the coverage provided by construction insurance.」
Regarding the JAFEC USA accident in which a high-voltage line fell to the ground, it continues to explain that discussions are ongoing regarding the $3.613 million damages claim, that the amount of the impact is difficult to reasonably estimate, and that the amount is expected to be covered by insurance. - FY2018RestatedAnnual report
「The power company has submitted a damages claim of US$3.613 million in connection with the accident. We are discussing with the company the scope and amount covered by the claim, and it is currently difficult to reasonably estimate the amount of the impact on our consolidated results. The damages are expected to remain within the coverage provided by construction insurance.」
It continues to explain that discussions are ongoing regarding the $3.613 million damages claim related to the accident in which a high-voltage line fell to the ground, that the amount of the impact cannot be reasonably estimated, and that the amount is expected to be covered by insurance. - FY2018-Q3RestatedAnnual report
「The restoration work has already been completed, construction has resumed, and the scheduled work has been completed. No personal injuries resulted from the accident. The power company has filed a damages claim of $3.613 million in connection with the accident. The company is consulting with the power company regarding the scope and amount subject to the claim, and it is currently difficult to reasonably estimate the amount of the impact on the company's consolidated results. The damages are expected to be covered by construction insurance.」
Regarding the accident in which a high-voltage line fell to the ground, it continues to explain that restoration and construction have been completed, there were no personal injuries, discussions are ongoing regarding the $3.613 million damages claim, and the amount is expected to be covered by insurance. - FY2018-Q2RestatedAnnual report
「The restoration work has already been completed, construction has resumed, and the scheduled work has been completed. No personal injuries resulted from the accident. The power company has filed a damages claim of $3.613 million in connection with the accident. The company is consulting with the power company regarding the scope and amount subject to the claim, and it is currently difficult to reasonably estimate the amount of the impact on the company's consolidated results. The damages are expected to be covered by construction insurance.」
Regarding the JAFEC USA accident in which a high-voltage line fell to the ground, it continues to explain that restoration and construction have been completed, there were no personal injuries, discussions are ongoing regarding the $3.613 million damages claim, and the amount is expected to be covered by insurance. - FY2018-Q1RestatedAnnual report
「The power company has submitted a damages claim of US$3.613 million in connection with the accident. We are discussing with the company the scope and amount covered by the claim, and it is currently difficult to reasonably estimate the amount of the impact on our consolidated results. The damages are expected to remain within the coverage provided by construction insurance.」
It continues to state that, regarding the JAFEC USA accident in which a high-voltage line fell to the ground, the company is consulting with the power company regarding a $3.613 million damages claim, that the amount of the impact is difficult to reasonably estimate, and that the amount is expected to be covered by insurance. - FY2017WorsenedAnnual report
「The power company has submitted a damages claim of US$3.613 million in connection with the accident. We are discussing with the company the scope and amount covered by the claim, and it is currently difficult to reasonably estimate the amount of the impact on our consolidated results. The damages are expected to remain within the coverage provided by construction insurance.」
In addition to the previous explanation of the accident, it explicitly states that the power company has filed a claim for damages of $3.613 million. - FY2017-Q3RestatedAnnual report
「Restoration work has already been completed, and the construction work resumed and was completed as scheduled. No personal injuries resulted from the accident. The damages payable by our subsidiary as a result of the accident are expected to remain within the coverage provided by construction insurance, but it is currently impossible to reasonably estimate the amount.」
The explanation regarding the JAFEC USA high-voltage line falling to the ground is reiterated: restoration and construction were completed, there were no personal injuries, and the damages are expected to remain within construction insurance coverage, although the amount cannot be reasonably estimated. - FY2017-Q2RestatedAnnual report
「Restoration work has already been completed, and the construction work resumed and was completed as scheduled. No personal injuries resulted from the accident. The damages payable by our subsidiary as a result of the accident are expected to remain within the coverage provided by construction insurance, but it is currently impossible to reasonably estimate the amount.」
The explanation regarding the JAFEC USA high-voltage line collapse is reiterated: restoration and construction were completed, there were no personal injuries, and the amount of damages cannot be reasonably estimated. - FY2017-Q1RestatedAnnual report
「Restoration work has already been completed, and the construction work resumed and was completed as scheduled. No personal injuries resulted from the accident. The damages payable by our subsidiary as a result of the accident are expected to remain within the coverage provided by construction insurance, but it is currently impossible to reasonably estimate the amount.」
The previous explanation regarding the JAFEC USA high-voltage line collapse is reiterated: restoration and construction were completed, there were no personal injuries, and the amount of damages cannot be reasonably estimated. - FY2016First statedAnnual report
「On 27 August 2015, an accident occurred at the Burlingame ground improvement project when the rear of a hydraulic excavator came into contact with the base of a high-voltage transmission tower, causing a high-voltage line to fall to the ground.」
The disclosure states that a high-voltage line fell to the ground during a JAFEC USA construction project, restoration work was completed and the project resumed and was completed, there were no personal injuries, and the damages are expected to be covered by construction insurance.