Estimation Uncertainty Related to Construction Revenue and the Provision for Construction Losses
First written in FY2022. . Latest entry: FY2026.
The whole theme swung hardest in 2024: 10 of 69 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2026Decrease in Provision BalanceAnnual report
「Provision for construction losses 7,692 7,348」
The provision for construction losses decreased from ¥7,692 million at the end of the previous fiscal year to ¥7,348 million at the end of the current fiscal year. The explanation of uncertainty in estimates arising from divergence between execution budgets and future actual results has been maintained. - FY2026-H1Decrease in Provision BalanceAnnual report
「Provision for construction losses 7,692 5,948」
The provision for construction losses decreased from ¥7,692 million at the end of the previous fiscal year to ¥5,948 million at the end of the interim consolidated accounting period. The risk relating to uncertainty in estimates of construction revenue and construction costs remains. - FY2025-H1Decrease in Provision BalanceAnnual report
「Provision for construction losses 7,769 5,787」
The provision for construction losses decreased from ¥7,769 million at the end of the previous fiscal year to ¥5,787 million at the end of the interim consolidated accounting period. The risk relating to uncertainty in estimates of construction revenue and construction costs remains. - FY2024Decrease in Provision BalanceAnnual report
「Provision for construction losses Previous fiscal year 8,069 Current fiscal year 7,769」
The provision for construction losses decreased from ¥8,069 million at the end of the previous fiscal year to ¥7,769 million at the end of the current fiscal year. Meanwhile, the explanation of uncertainty in estimates arising from divergence between execution budgets and future actual results has been maintained. - FY2024-Q3Decrease in Provision BalanceAnnual report
「Provision for construction losses 8,069 6,121」
The provision for construction losses decreased from ¥8,069 million at the end of the previous fiscal year to ¥6,121 million at the end of the third quarter of the current fiscal year. The risk relating to uncertainty in estimates of construction revenue and construction costs remains. - FY2024-Q2Decrease in Provision BalanceAnnual report
「Provision for construction losses 8,069 6,040」
The provision for construction losses decreased from ¥8,069 million at the end of the previous fiscal year to ¥6,040 million at the end of the second quarter of the current fiscal year. The risk relating to uncertainty in estimates of construction revenue and construction costs remains. - FY2024-Q1Decrease in Provision BalanceAnnual report
「Provision for construction losses 8,069 7,656」
The provision for construction losses decreased from ¥8,069 million at the end of the previous fiscal year to ¥7,656 million at the end of the first quarter of the current fiscal year. The risk relating to uncertainty in estimates of construction revenue and construction costs remains. - FY2023Decrease in Provision BalanceAnnual report
「Provision for construction losses Previous fiscal year 9,927 Current fiscal year 8,069」
The provision for construction losses decreased from ¥9,927 million to ¥8,069 million. Meanwhile, the explanation of uncertainty in estimates arising from divergence between execution budgets and future actual results has been maintained. - FY2023-Q3Decrease in Provision BalanceAnnual report
「Provision for construction losses 9,927 8,914」
The provision for construction losses decreased from ¥9,927 million at the end of the previous fiscal year to ¥8,914 million at the end of the third quarter of the current fiscal year, and also decreased from ¥9,559 million at the end of the second quarter. - FY2023-Q2Decrease in Provision BalanceAnnual report
「Provision for construction losses 9,927 9,559」
The provision for construction losses decreased from ¥9,927 million at the end of the previous fiscal year to ¥9,559 million at the end of the second quarter of the current fiscal year, a decrease of ¥368 million. - FY2023-Q1Decrease in Provision BalanceAnnual report
「Provision for construction losses 9,927 9,769」
The provision for construction losses decreased from ¥9,927 million at the end of the previous fiscal year to ¥9,769 million at the end of the first quarter of the current fiscal year, a decrease of ¥158 million. No new explanation was provided regarding uncertainty in estimates of construction revenue and construction costs. - FY2022First statedAnnual report
「To provide for future losses on contracted construction projects, the company recognizes as a provision for construction losses the estimated amount of losses on projects included in the backlog at the end of the current fiscal year for which losses are expected to arise and can be reasonably estimated. Provision for construction losses: previous fiscal year, 5,546; current fiscal year, 9,927. Although the execution budgets are reviewed in a timely and appropriate manner, any divergence from actual results in the future may affect the group’s financial position and operating results.」
Uncertainty in the execution budgets for construction revenue and construction costs, and the risk that divergence from actual results could affect the financial position and operating results, were newly identified as a material accounting estimate. The provision for construction losses increased from ¥5,546 million to ¥9,927 million.