Uncertainty in Estimating Construction Costs under the Percentage-of-Completion Method
First written in FY2021. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There have been no significant changes since the end of the previous consolidated fiscal year in the accounting estimates and assumptions described in the section titled “Analysis of Financial Position, Operating Results and Cash Flows by Management” in the annual securities report for the previous consolidated fiscal year.」
会計上の見積りおよびその仮定について、重要な変更がないことを引き続き記載している。 - FY2024-H1RestatedAnnual report
「There have been no significant changes since the end of the previous consolidated fiscal year in the accounting estimates and assumptions described in the section titled “Analysis of Financial Position, Operating Results and Cash Flows by Management” in the annual securities report for the previous consolidated fiscal year.」
会計上の見積りおよびその仮定について、重要な変更がないことを引き続き記載している。 - FY2024-Q1RestatedAnnual report
「There have been no significant changes since the end of the previous consolidated fiscal year in the accounting estimates and assumptions described in the section titled “Analysis of Financial Position, Operating Results and Cash Flows by Management” in the annual securities report for the previous consolidated fiscal year.」
会計上の見積りおよびその仮定について、重要な変更がないことを引き続き記載している。 - FY2023RestatedAnnual report
「履行義務の充足に係る進捗度に基づき一定の期間にわたり収益を認識する方法における工事原価総額の見積りは、工事の進行途上における工事契約の変更や工期の変更、資材単価や労務単価の変動、新たな事象の発生等の状況変化により変動する可能性があります。」
工事原価総額や進捗度の見積りが契約、工期、資材・労務単価等により変動する不確実性を継続して記載している。 - FY2023-Q2RestatedAnnual report
「There have been no significant changes since the end of the previous consolidated fiscal year in the accounting estimates and assumptions described in the section titled “Analysis of Financial Position, Operating Results and Cash Flows by Management” in the annual securities report for the previous consolidated fiscal year.」
会計上の見積りおよびその仮定について、重要な変更がないことを引き続き記載している。 - FY2022RestatedAnnual report
「履行義務の充足に係る進捗度に基づき一定の期間にわたり収益を認識する方法における工事原価総額の見積りは、工事の進行途上における工事契約の変更や工期の変更、資材単価や労務単価の変動、新たな事象の発生等の状況変化により変動する可能性があります。」
工事原価総額や進捗度の見積りが契約・工期・資材単価・労務単価等により変動し、収益認識に影響する不確実性を引き続き記載している。 - FY2021First statedAnnual report
「Revenue under the percentage-of-completion method is calculated by multiplying total construction revenue by the stage of completion. Because the stage of completion is calculated based on the ratio of costs incurred through the end of the consolidated fiscal year to total construction costs, the total construction costs and stage of completion at the end of the consolidated fiscal year must be reasonably estimated when applying the method.」
Indicates that estimates of total construction costs and progress may change due to contract changes, construction periods and material and labor rates, affecting revenue recognized under the percentage-of-completion method.