Delays, unprofitability and defects in system development
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Delays in work progress or unexpected costs could reduce profitability or result in an unprofitable project. In addition, if an unforeseen defect arises in a system after customer acceptance, we could face claims for damages arising from the defect, and our group's credibility could decline. In such cases, our business development and performance could be adversely affected.」
The risks of development delays, unexpected costs, unprofitable projects, defects and claims for damages continue. - FY2019RestatedAnnual report
「Delays in work progress or unexpected costs could reduce profitability or result in an unprofitable project. In addition, if an unforeseen defect arises in a system after customer acceptance, we could face claims for damages arising from the defect, and our group's credibility could decline. In such cases, our business development and performance could be adversely affected.」
The risks of delays in system development, unexpected costs, unprofitable projects, defects and claims for damages continue. - FY2018RestatedAnnual report
「Delays in work progress or unexpected costs could reduce profitability or result in an unprofitable project. In addition, if an unforeseen defect arises in a system after customer acceptance, we could face claims for damages arising from the defect, and our group's credibility could decline.」
The risks of delays in system development, unexpected costs, unprofitable projects, defects and claims for damages continue. - FY2017First statedAnnual report
「For system development projects undertaken by the group, work hours and costs are estimated and managed on a project-by-project basis. However, delays in work progress or unexpected cost burdens could reduce profitability or result in unprofitable projects. In addition, if unforeseen defects arise in a system after customer acceptance, the group could face claims for damages arising from those defects and its reliability could decline.」
The risks cited include development delays, unexpected costs, unprofitable projects, post-acceptance defects and claims for damages.