Risk of Delivery Delays and Losses in AI Projects
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2024-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 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.」
No material changes were identified in the risk of delays and losses in AI projects. - FY2019First statedAnnual report
「For each project, we prepare estimates based on the estimated hours required, as determined through a sufficient definition of requirements with the client, and manage the hours worked to prevent deviations from those estimates. However, if the hours required increase because facts not anticipated at the time of estimation come to light or unforeseen circumstances arise, project profitability may deteriorate, which could affect the performance of our group.」
While conducting requirements definition and managing hours worked, the Company disclosed increases in hours required due to unforeseen facts or circumstances and deterioration in project profitability as new risks.