Risk of Defect-Remediation Obligations if a Contractor’s Financial Condition Deteriorates
First written in FY2017. 19 of 21 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if a construction company fails to perform its warranty obligations for non-conformity with the contract because its financial condition deteriorates or it becomes bankrupt, this could affect the Group's performance and other matters.」
It continues to carry the risk relating to warranty obligations for non-conformity with the contract arising from deterioration in the financial condition or bankruptcy of construction companies. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters among those relating to the business and financial conditions described in this interim securities report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2025-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects and non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2021RestatedAnnual report
「However, if a construction company fails to perform its warranty obligations for non-conformity with the contract because its financial condition deteriorates or it becomes bankrupt, this could affect the Group's performance and other matters.」
It continues to carry the risk that construction companies may be unable to perform their warranty obligations for non-conformity with the contract due to deterioration in their financial condition or bankruptcy. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects and non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects and non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects and non-conformity with the contract arising from a deterioration in the financial condition of construction companies. - FY2020ReframedAnnual report
「However, if a construction company fails to perform its warranty obligations for non-conformity with the contract because its financial condition deteriorates or it becomes bankrupt, this could affect the Group's performance and other matters.」
The wording was changed from the conventional "warranty obligations for defects" to "warranty obligations for non-conformity with the contract." The risk itself remains the deterioration in the financial condition or bankruptcy of construction companies. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2020-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2019-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2018RestatedAnnual report
「However, if a construction contractor is unable to fulfill its warranty obligations for defects because its financial condition deteriorates or it becomes insolvent, this could affect the Group's business results and other operations.」
It continues to state the risk that construction companies may be unable to perform their warranty obligations for defects due to deterioration in their financial condition or bankruptcy. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk relating to warranty obligations for defects arising from a deterioration in the financial condition of construction companies. - FY2017First statedAnnual report
「However, if a construction contractor is unable to fulfill its warranty obligations for defects because its financial condition deteriorates or it becomes insolvent, this could affect the Group's business results and other operations.」
Given that construction work is outsourced, the company identifies the risk that a contractor's financial deterioration or insolvency could prevent it from fulfilling its warranty obligations for defects.