Risk of Additional Costs Arising from Liability for Defects in Contract Work
First written in FY2017. 13 of 17 entries say "Restated". Latest entry: FY2026.
Taikisha moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If a contractual nonconformity, such as an accident or quality defect, occurs during the construction process, the company's business performance may be affected by damage to its social credibility, substantial additional costs, and claims for damages, including lawsuits by customers.」
In addition to accidents and quality defects during construction and liability for contractual nonconformity after completion, the company has specified the potential impact of substantial additional costs, litigation and claims for damages. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company states that there have been no significant changes to the risk of contractual nonconformity and additional costs in contracted construction work. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of contractual nonconformity and additional costs in contracted construction work. - FY2022ReframedAnnual report
「If a serious contractual nonconformity, such as a major accident or quality defect, occurs during the construction process, the company's social credibility may be damaged and its business performance may be affected. For contracted construction work, the company bears liability for contractual nonconformity for a certain period after completion under construction contracts with customers.」
The description of liability for defects has been revised to refer to liability for contractual nonconformity, organizing major accidents and quality defects during construction together with post-completion liability as a single risk. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2022-Q2RestatedAnnual report
「There are no material changes concerning the occurrence of key risks or the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2020WorsenedAnnual report
「If a serious defect, such as a major accident or quality defect, occurs during the construction process, the company's social credibility may be damaged and its business performance may be affected.」
In addition to the previous risks of liability for defects and compensation costs after completion, the company explicitly identifies the potential impact on its reputation and business performance from major accidents and quality defects during construction. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of additional costs due to liability for defects in contracted construction work described in the previous fiscal year. - FY2017First statedAnnual report
「For contracted construction work, the company bears liability for defects for a certain period after completion under construction contracts with customers.」
The company states that it bears liability for defects for a certain period after completion and identifies as a risk the possibility that compensation costs may exceed the balance of the provision for compensation for completed construction work.