Risk of Unprofitable Construction Projects
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If unprofitable construction projects arise due to unexpected costs, such as construction delays caused by the progress of work outside the construction scope, design changes or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
The company continues to identify the risk of unprofitable construction projects arising from construction delays, design changes and increases in material and labor costs. - FY2023RestatedAnnual report
「If unprofitable construction projects arise due to unexpected costs, such as construction delays caused by the progress of work outside the construction scope, design changes or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
The company continues to identify the risk of unprofitable construction projects arising from construction delays, design changes and increases in material and labor costs. - FY2022RestatedAnnual report
「The company uses job-order costing for appropriate cost management. However, if unprofitable construction projects arise due to unexpected costs, such as construction delays caused by the progress of work outside the construction scope, design changes or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
The company continues to identify the risk of unprofitable construction projects arising from construction delays, design changes and increases in material and labor costs. - FY2021WorsenedAnnual report
「The company uses job-order costing for appropriate cost management. However, if unprofitable construction projects arise due to unexpected costs, such as construction delays caused by the progress of work outside the construction scope, design changes or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
In addition to the previously identified factors of design changes and material and labor costs, the company explicitly identifies construction delays caused by the progress of work outside the construction scope as a factor behind unprofitable construction projects. - FY2020RestatedAnnual report
「The company uses job-order costing for appropriate cost management. However, if unprofitable construction projects arise due to unexpected costs, such as design changes during construction or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
The company continues to disclose the risk of unprofitable construction projects arising from design changes and increases in material and labor costs. - FY2018First statedAnnual report
「The company uses job-order costing for appropriate cost management. However, if unprofitable construction projects arise due to unexpected costs, such as design changes during construction or increases in construction material and labor costs, this may affect the company's operating results and financial position.」
The company has identified unprofitable construction projects caused by unexpected costs, such as design changes and increases in material and labor costs, as a new business risk.