Provision for Construction Losses on Projects Expected to Incur Losses
First written in FY2019. 5 of 12 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2026.
Tomoe moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
22 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The provision for losses on construction contracts included in cost of completed construction contracts was as follows. Previous consolidated fiscal year ¥17 million Current consolidated fiscal year ¥33 million」
The provision for losses on construction contracts increased from ¥17 million in the previous fiscal year to ¥33 million, while the provision balance at fiscal year-end increased from ¥20 million to ¥33 million. - FY2025MitigatedAnnual report
「The provision for losses on construction contracts included in cost of completed construction contracts was as follows. Previous consolidated fiscal year ¥21 million Current consolidated fiscal year ¥17 million」
The provision for losses on construction contracts decreased from ¥21 million in the previous fiscal year to ¥17 million, while the provision balance at fiscal year-end decreased from ¥21 million to ¥20 million. - FY2024-Q2WorsenedAnnual report
「Change in provision for losses on construction contracts (△ indicates a decrease) △ 40,000 8,000」
The provision for losses on construction contracts changed from a ¥40 million decrease in the same quarter of the previous year to an ¥8 million increase in the current fiscal year, indicating an additional provision for projected losses. - FY2023MitigatedAnnual report
「The provision for losses on construction contracts included in cost of completed construction contracts was as follows. Previous consolidated fiscal year ¥82 million Current consolidated fiscal year ¥21 million」
The provision for losses on construction contracts decreased from ¥82 million in the previous fiscal year to ¥21 million. - FY2023-Q2MitigatedAnnual report
「Change in provision for losses on construction contracts (△ indicates a decrease) - △ 40,000」
The provision for losses on construction contracts decreased by ¥40 million in the current fiscal year, compared with no change in the same quarter of the previous year. - FY2022MaterialisedAnnual report
「Provision for losses on construction contracts - ¥82 million」
The company recognized a provision of ¥82 million in the current fiscal year for losses on construction contracts, for which the provision was zero in the previous fiscal year. - FY2022-Q2RestatedAnnual report
「Change in provision for losses on construction contracts (△ indicates a decrease) △ 46,000 -」
Although there was a ¥46 million decrease in the same quarter of the previous year, the change in the provision for losses on construction contracts was zero in the cumulative second quarter of the current fiscal year, and the provision has remained eliminated since the end of the previous fiscal year. - FY2021MitigatedAnnual report
「Provision for losses on construction contracts 46,000 -」
The provision for losses on construction contracts, which was ¥46 million at the end of the previous fiscal year, was zero at the end of the current fiscal year, eliminating the provision balance for projected losses. - FY2021-Q2MitigatedAnnual report
「Change in provision for loss on construction contracts (△ indicates a decrease) △ 260,000 16,000 △ 46,000」
The provision for loss on construction contracts changed from an increase of ¥16,000 thousand in the same quarter of the previous year to a decrease of ¥46,000 thousand in the current period. - FY2020RestatedAnnual report
「Provision for loss on construction contracts 46,000 46,000」
The provision for loss on construction contracts was ¥46,000 thousand, the same as at the end of the previous fiscal year, indicating that a provision for expected losses remains. - FY2020-Q2WorsenedAnnual report
「Change in provision for loss on construction contracts (△ indicates a decrease) △ 260,000 16,000」
The provision for loss on construction contracts changed from a decrease of ¥260,000 thousand in the same period of the previous year to an increase of ¥16,000 thousand in the current period, indicating an additional provision for expected losses. - FY2019First statedAnnual report
「Provision for loss on construction contracts 260,000 46,000」
A provision for loss on construction contracts of ¥46,000 thousand was recorded for construction contracts expected to incur losses upon completion. Although this was down from ¥260,000 thousand in the previous fiscal year, the expected loss remains reflected in the provision.