Risk of higher construction-related compensation due to damage to customer facilities
First written in FY2017. 7 of 13 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024No construction-related damage compensation recorded in the current fiscal yearAnnual report
「Construction-related damage compensation 217,584 —」
The ¥217.584 million in construction-related damage compensation recorded in the previous consolidated fiscal year was not recorded in the current consolidated fiscal year. - FY2024-Q3No construction-related damage compensation recorded for the current quarterAnnual report
「Construction-related damage compensation 180,060 —」
The ¥180.06 million in construction-related damage compensation recorded in the same period of the previous year was not recorded during the cumulative third quarter period. - FY2024-Q2MaterialisedAnnual report
「Construction-related damage compensation paid — 217,584」
The disclosure states that ¥217.584 million was paid during the cumulative second quarter period for construction-related damage compensation, and that compensation obligations related to damage to customer facilities and other matters have continued. - FY2023-Q3MaterialisedAnnual report
「Construction-related compensation payments － 180,060」
The Company recorded ¥180.06 million in construction-related damage compensation as an extraordinary loss for the cumulative third quarter period. Compensation obligations related to damage to customer facilities have continued. - FY2022-Q2MaterialisedAnnual report
「Construction-related compensation payments － 4,423」
Payments of ¥4.423 million were made during the cumulative second quarter period for compensation related to damage to customer facilities. - FY2021MaterialisedAnnual report
「Construction-related damage compensation ¥132.140 million」
The Company recorded ¥132.140 million in construction-related damage compensation related to construction defects at an overseas subsidiary as an extraordinary loss for the full fiscal year and also disclosed payments of ¥127.716 million. - FY2021-Q2MaterialisedAnnual report
「An incident occurred in which part of a customer’s facilities was damaged during construction undertaken by consolidated subsidiary Sri Takada Industries (Malaysia) Sdn. Bhd. A subsequent investigation confirmed in August 2020 that the company’s work was the primary cause. The Company is discussing with the customer the scope and amount subject to the damages claim, and it is currently difficult to reasonably estimate the amount of the impact on results.」
Actual damage to customer facilities occurred, and the work of the Malaysian subsidiary was confirmed as the primary cause. The scope and amount of the damages claim are under discussion, and the impact on results cannot be reasonably estimated. - FY2019-Q2MaterialisedAnnual report
「Construction-related damage compensation paid — 101,800」
The disclosure states that ¥101.8 million was paid during the cumulative second quarter period for construction-related damage compensation related to damage to customer facilities. - FY2018RestatedAnnual report
「Construction-related damage compensation ¥98.565 million」
The Company recorded ¥98.565 million in construction-related damage compensation related to damage to customer facilities as an extraordinary loss for the current consolidated fiscal year. - FY2018-Q3MaterialisedAnnual report
「Provision for construction-related damage compensation ¥98.565 million」
The Company recorded ¥98.565 million in provision for construction-related damage compensation related to damage to customer facilities as an extraordinary loss for the cumulative third quarter period. - FY2018-Q2RestatedAnnual report
「An incident occurred in which part of a customer’s facilities was damaged during equipment construction undertaken by the Company. Compensation amounts that had already been finalized or could be reasonably estimated were recorded as “construction-related damage compensation” under extraordinary losses in the previous consolidated fiscal year. However, because the compensation amount may increase in the future and it is currently difficult to reasonably estimate the amount, no additional amount has been recorded.」
The disclosure continues to state that compensation for damage to customer facilities may increase in the future in addition to the amount already recorded, and that the additional amount cannot be reasonably estimated. - FY2018-Q1RestatedAnnual report
「An incident occurred in which part of a customer’s facilities was damaged during equipment construction undertaken by the Company. Compensation amounts that had already been finalized or could be reasonably estimated were recorded as “construction-related damage compensation” under extraordinary losses in the previous consolidated fiscal year. However, because the compensation amount may increase in the future and it is currently difficult to reasonably estimate the amount, no additional amount has been recorded.」
The disclosure continues to state that compensation for damage to customer facilities may increase in the future in addition to the amount already recorded, and that the additional amount cannot be reasonably estimated. - FY2017First statedAnnual report
「An incident occurred in which part of a customer’s facilities was damaged during equipment construction undertaken by the Company. Compensation amounts that had already been finalized or could be reasonably estimated were recorded as “construction-related damage compensation” under extraordinary losses. However, because the compensation amount may increase in the future and it is currently difficult to reasonably estimate the amount, no additional amount has been recorded.」
Actual damage to customer facilities occurred, and ¥88.008 million in construction-related damage compensation was recorded under extraordinary losses. The possibility of higher compensation in the future was also disclosed.