Decline in Net Sales Due to Delays in Major Construction Projects
First written in FY2018-Q3. 6 of 12 entries say "Materialised", first in FY2018. Latest entry: 2026-03-27.
Akatsuki Eazima moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- 2026-03-27MaterialisedEarnings forecast revision
「Revenue is expected to fall slightly below the previous forecast because delays to construction schedules have shifted the timing of revenue recognition and prevented the company from securing the expected level of work completed.」
The shift in the timing of revenue recognition and shortfall in work completed caused by construction delays are cited as factors behind the downward revision to the revenue forecast. - FY2025RestatedAnnual report
「Due to circumstances beyond the company's control, the construction period may be extended, causing delivery to customers to be delayed beyond the scheduled period. This may result in differences in the timing of revenue recognition and affect the company's operating results and financial position.」
The company continues to disclose differences in the timing of revenue recognition caused by extensions of construction periods as a risk of fluctuations in operating performance. The business performance discussion for the current fiscal year does not describe any specific occurrence of this risk. - FY2023MaterialisedAnnual report
「Due to the deterioration in the construction profit margin and differences in the timing of revenue recognition caused by the failure of the construction progress rate to increase and by extensions of construction periods and other factors, operating profit decreased 37.7% from the previous fiscal year to ¥442 million, while ordinary profit also decreased 35.4% to ¥470 million.」
Stagnation in the construction progress rate and differences in the timing of revenue recognition due to extensions of construction periods and other factors also occurred during the full fiscal year, and are cited as factors behind decreases in operating profit and ordinary profit. - FY2023-Q3MaterialisedAnnual report
「In terms of profit and loss, the construction profit margin deteriorated, while the construction progress rate did not increase and extensions of construction periods and other factors caused differences in the timing of revenue recognition. Operating profit decreased 45.6% year on year to ¥229 million, and ordinary profit also decreased 43.7% year on year to ¥246 million.」
The construction progress rate did not increase, and differences in the timing of revenue recognition due to extensions of construction periods and other factors also occurred during the current quarter, and are cited as factors behind decreases in operating profit and ordinary profit. - FY2023-Q2MaterialisedAnnual report
「In terms of profit and loss, the construction profit margin deteriorated, while the construction progress rate did not increase and extensions of construction periods and other factors caused differences in the timing of revenue recognition. Operating profit decreased 64.7% year on year to ¥105 million, and ordinary profit also decreased 61.6% year on year to ¥119 million.」
The construction progress rate did not increase, and differences in the timing of revenue recognition due to extensions of construction periods and other factors also occurred during the current quarter, and are cited as factors behind decreases in revenue, operating profit and ordinary profit. - FY2023-Q1MaterialisedAnnual report
「Although the construction profit margin improved, the construction progress rate did not increase and extensions of construction periods and other factors caused differences in the timing of revenue recognition. As a result, operating profit decreased 95.9% year on year to ¥4 million, while ordinary profit also decreased 89.4% to ¥12 million.」
The construction progress rate did not increase, and differences in the timing of revenue recognition due to extensions of construction periods and other factors actually occurred, and are cited as factors behind the substantial decreases in revenue and profit. - FY2022RestatedAnnual report
「Due to circumstances beyond the company's control, the construction period may be extended, causing delivery to customers to be delayed beyond the scheduled period. This may result in differences in the timing of revenue recognition and affect the company's operating results and financial position. As a measure to address this risk, the company works to identify problems during construction at an early stage and thoroughly manage construction work.」
The company continues to disclose differences in the timing of revenue recognition caused by extensions of construction periods, together with measures involving the early detection of problems during construction and construction management. - FY2021MitigatedAnnual report
「Due to circumstances beyond the company's control, the construction period may be extended, causing delivery to customers to be delayed beyond the scheduled period. As the company uses both the completed-contract method and the percentage-of-completion method, this may result in differences in the timing of revenue recognition and affect the company's operating results and financial position. As a measure to address this risk, the company works to identify problems during construction at an early stage and thoroughly manage construction work.」
The company continues to disclose the risk of differences in the timing of revenue recognition due to extensions of construction periods, identifying the early detection of problems during construction and thorough construction management as countermeasures. - FY2020RestatedAnnual report
「Due to circumstances beyond the company's control, the construction period may be extended, causing delivery to customers to be delayed beyond the scheduled period. As the company uses both the completed-contract method and the percentage-of-completion method, this may result in differences in the timing of revenue recognition and affect the company's operating results and financial position.」
The company continues to disclose delays in delivery and revenue recognition caused by extensions of construction periods as a general risk of fluctuations in operating performance. - FY2019ReframedAnnual report
「Due to circumstances beyond the company's control, the construction period may be extended, causing delivery to customers to be delayed beyond the scheduled period. As the company uses both the completed-contract method and the percentage-of-completion method, this may result in differences in the timing of revenue recognition and affect the company's operating results and financial position.」
The previously observed decrease in revenue due to delays in the construction periods of certain large-scale projects has been organized as a general risk that construction-period extensions may cause differences in the timing of revenue recognition. - FY2018MaterialisedAnnual report
「Revenue decreased 14.1%, or ¥1,138 million, from the previous fiscal year to ¥6,954 million, mainly due to delays in the construction periods of certain large-scale projects and other factors.」
Delays in the construction periods of certain large-scale projects actually occurred during the full fiscal year and are cited as a factor behind the 14.1% year-on-year decrease in revenue. - FY2018-Q3First statedAnnual report
「Revenue decreased 21.8% year on year to ¥4,622 million, due to delays in the construction periods of certain large-scale projects.」
The company explains that delays in the construction periods of certain large-scale projects actually occurred, resulting in a 21.8% year-on-year decrease in revenue.