Deterioration in Performance Due to Delays in Construction Progress and Construction Losses
First written in FY2020-Q3. 7 of 17 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
57 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Provision for contract losses 151 102」
The provision for contract losses decreased from ¥151 million at the end of the previous fiscal year to ¥102 million at the end of the current fiscal year, indicating a reduced burden from contract losses. - 2026-04-30MitigatedEarnings
「The provision for loss on construction contracts declined from ¥151 million at the end of the previous consolidated fiscal year to ¥102 million at the end of the current consolidated fiscal year.」
The provision for loss on construction contracts declined by ¥49 million, reducing the burden related to construction losses. - FY2026-H1MitigatedAnnual report
「Provision for contract losses 151 63」
The provision for contract losses decreased from ¥151 million at the end of the previous consolidated fiscal year to ¥63 million at the end of the current interim consolidated accounting period, indicating a reduced burden from contract losses. - FY2025-H1MitigatedAnnual report
「Provision for contract losses 236 158」
The provision for contract losses decreased from ¥236 million at the end of the previous consolidated fiscal year to ¥158 million at the end of the current interim consolidated accounting period, indicating a reduced burden from contract losses. - FY2024-Q3WorsenedAnnual report
「Provision for contract losses 163 240」
The provision for contract losses increased from ¥163 million at the end of the previous consolidated fiscal year to ¥240 million at the end of the third quarter, indicating a greater burden from contract losses. - FY2024-Q2WorsenedAnnual report
「Provision for construction losses 163 243」
The provision for construction losses increased from ¥163 million at the end of the previous consolidated fiscal year to ¥243 million at the end of the current second quarter, increasing the burden associated with construction losses. - FY2024-Q1WorsenedAnnual report
「Provision for construction losses 163 247」
The provision for construction losses increased from ¥163 million at the end of the previous consolidated fiscal year to ¥247 million at the end of the current first quarter, increasing the burden associated with construction losses. - FY2023WorsenedAnnual report
「Provision for construction losses 6 163」
The provision for construction losses increased from ¥6 million at the end of the previous fiscal year to ¥163 million at the end of the current fiscal year, substantially increasing the full-year burden associated with construction losses. - FY2023-Q3MaterialisedAnnual report
「Against this backdrop, although the company secured a high level of orders, completed construction revenue was ¥56,023 million, down 9.0% year on year, and segment profit was ¥1,154 million, down 61.4%, due to a decline following the exceptionally high progress of large-scale projects in the same period of the previous year, as well as the impact of delays and price increases in procuring materials and equipment.」
Delays and price increases in procuring materials and equipment affected construction progress and construction costs, and were cited as causes of declines in completed construction revenue and segment profit in the facilities construction business. - FY2023-Q2MaterialisedAnnual report
「Against this backdrop, although the company secured a high level of orders, completed construction revenue was ¥36,102 million, down 13.9% year on year, and segment profit was ¥639 million, down 71.5%, due to a decline following the exceptionally high progress of large-scale projects in the same period of the previous year, as well as the impact of delays in procuring materials and equipment.」
Delays in procuring materials and equipment actually affected construction progress and were cited as a cause of declines in completed construction revenue and segment profit in the facilities construction business. - FY2022MitigatedAnnual report
「Provision for construction losses 31 6」
The provision for construction losses decreased from ¥31 million at the end of the previous fiscal year to ¥6 million, reducing the burden associated with construction losses. - FY2022-Q2MitigatedAnnual report
「Provision for construction losses 31 16」
The provision for construction losses decreased from ¥31 million at the end of the previous consolidated fiscal year to ¥16 million at the end of the current second quarter, reducing the burden associated with construction losses. - FY2022-Q1MitigatedAnnual report
「Provision for construction losses 31 20」
The provision for construction losses decreased from ¥31 million at the end of the previous consolidated fiscal year to ¥20 million at the end of the current first quarter. However, the burden associated with construction losses itself continues to be recognised. - FY2021Provision DecreaseAnnual report
「Provision for construction losses 40 31」
The provision for construction losses decreased from ¥40 million at the end of the previous fiscal year to ¥31 million. Annual performance disclosures described increased revenue due to progress on large-scale projects, representing a change from the impact of delays and construction losses in the previous fiscal year. - FY2021-Q3MaterialisedAnnual report
「Provision for construction losses 40 71」
The provision related to construction losses increased from ¥40 million at the end of the previous consolidated fiscal year to ¥71 million, indicating that the actual burden associated with construction loss risk continues. - FY2020MaterialisedAnnual report
「Despite factors including a decline following the completion of a large-scale project in the previous fiscal year and delays in the progress of projects under construction, completed construction revenue increased by ¥2,090 million in Group revenue, owing in part to the contribution from the performance of consolidated subsidiaries acquired through M&A.」
Delays in the progress of projects under construction continued to be cited as a factor affecting full-year performance, and the provision for construction losses increased from ¥21 million in the previous fiscal year to ¥40 million. - FY2020-Q3First statedAnnual report
「Against this backdrop, due to delays in construction progress and the recognition of construction losses, the Group’s performance for the third quarter of the current consolidated cumulative period was as follows: revenue was ¥53,497 million, down 3.1% year on year; operating income was ¥702 million, down 43.1%; ordinary income was ¥1,045 million, down 43.3%; and net income attributable to owners of the parent was ¥456 million, down 61.3%.」
Delays in construction progress and the recognition of construction losses were identified for the first time as causes of deteriorating performance during the cumulative period through the third quarter. The provision for construction losses on the quarterly consolidated balance sheet also increased from ¥21 million at the end of the previous consolidated fiscal year to ¥159 million.