Uncertainty in Outcomes Associated with Accounting Estimates
First written in FY2017. 18 of 20 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 5 of 23 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence of or material change in the principal risks relating to the uncertainty of outcomes associated with accounting estimates. - FY2024RestatedAnnual report
「In preparing these financial statements, we use estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, but amounts based on these estimates and assumptions may differ from actual results.」
The company continues to disclose the uncertainty of accounting estimates relating to revenue recognition, the allowance for warranties for completed construction, and impairment of fixed assets. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence of or material change in the principal risks relating to the uncertainty of outcomes associated with accounting estimates. - FY2023RestatedAnnual report
「In preparing these financial statements, we use estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, but amounts based on these estimates and assumptions may differ from actual results.」
The company continues to disclose the uncertainty of accounting estimates relating to revenue recognition, the allowance for warranties for completed construction, and impairment of fixed assets. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no occurrence of or material change in the principal risks relating to the uncertainty of outcomes associated with accounting estimates. - FY2022RestatedAnnual report
「Revenue from completed construction is recognized over time based on the estimated progress toward satisfying the performance obligation, except for construction projects of very short duration, because control of the goods or services transfers to the customer over a specified period.」
Even after applying the revenue recognition accounting standard, the company continues to disclose the uncertainty of estimates relating to construction costs, weather conditions, construction conditions, material prices and work efficiency as significant accounting estimates. - FY2022-Q1ReframedAnnual report
「Although the novel coronavirus disease is an event that has a broad impact on the economy and business activities and it is difficult to predict how it will spread or when it will subside, we have made accounting estimates, including assessments of the recoverability of deferred tax assets, based on external information available as of the end of the first quarter and on the assumption that its impact will continue for a certain period of the fiscal year ending March 2022, while its impact on our business activities will be limited.」
The assumption was updated to state that the impact of the novel coronavirus disease would continue for a certain period of the fiscal year ending March 2022, while its impact on business activities would be limited. - FY2021-Q3RestatedAnnual report
「The novel coronavirus disease involves many uncertainties and is an event that has a broad impact on the economy and business activities. Because it is difficult to predict how it will spread or when it will subside, we have made accounting estimates, including assessments of the recoverability of deferred tax assets, based on external information available as of the end of the quarter and on the assumption that its impact will continue for a certain period of the fiscal year ending March 2021. There has been no material change in this assumption since the end of the previous fiscal year.」
The company has maintained the accounting assumption that the impact of the novel coronavirus disease will continue for a certain period of the fiscal year ending March 2021 and states that there has been no material change since the end of the previous fiscal year. - FY2021-Q2RestatedAnnual report
「The novel coronavirus disease involves many uncertainties and is an event that has a broad impact on the economy and business activities. Because it is difficult to predict how it will spread or when it will subside, we have made accounting estimates, including assessments of the recoverability of deferred tax assets, based on external information available as of the end of the quarter and on the assumption that its impact will continue for a certain period of the fiscal year ending March 2021. There has been no material change in this assumption since the end of the previous fiscal year.」
The company has maintained the accounting assumption that the impact of the novel coronavirus disease will continue for a certain period of the fiscal year ending March 2021 and states that there has been no material change since the end of the previous fiscal year. - FY2021-Q1RestatedAnnual report
「The novel coronavirus disease involves many uncertainties and is an event that has a broad impact on the economy and business activities. Because it is difficult to predict how it will spread or when it will subside, we have made accounting estimates, including assessments of the recoverability of deferred tax assets, based on external information available as of the end of the quarter and on the assumption that its impact will continue for a certain period of the fiscal year ending March 2021. There has been no material change in this assumption since the end of the previous fiscal year.」
The company has made accounting estimates based on the assumption that the impact of the novel coronavirus disease will continue for a certain period of the fiscal year ending March 2021, and states that this assumption has not materially changed since the end of the previous fiscal year. - FY2020RestatedAnnual report
「In preparing these financial statements, we use estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, but amounts based on these estimates and assumptions may differ from actual results.」
The company continues to disclose the possibility that actual results may differ due to accounting estimates and provides detailed explanations of significant estimates, including total construction costs, the allowance for warranties for completed construction, and impairment of fixed assets. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2018RestatedAnnual report
「In preparing the financial statements, accounting estimates are required. Estimates based on past results and other reasonable methods are used in recognizing allowances for doubtful accounts, warranties for completed construction, construction losses, retirement benefits, and directors' retirement benefits, as well as in calculating the percentage of completion under the percentage-of-completion method and assessing the recoverability of deferred tax assets. However, because estimates are subject to inherent uncertainty, actual results may differ from these estimates.」
The company continues to disclose the uncertainty of estimates relating to various provisions, the percentage-of-completion method, and the recoverability of deferred tax assets in preparing the unconsolidated financial statements. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there has been no material change in the uncertainty of outcomes associated with accounting estimates. - FY2017First statedAnnual report
「In preparing the consolidated financial statements, accounting estimates are required. Estimates based on past results and other reasonable methods are used in recognizing allowances for doubtful accounts, bonuses, warranties for completed construction, construction losses, directors' retirement benefits, and litigation losses, as well as in assessing the recoverability of deferred tax assets. However, because estimates are subject to inherent uncertainty, actual results may differ from these estimates.」
The company identifies as a risk the possibility that actual results may differ from accounting estimates relating to various provisions and the recoverability of deferred tax assets.