Earnings Volatility Risks from Construction Progress and Delays
First written in FY2017. 15 of 18 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2020MaterialisedAnnual report
「Meanwhile, in addition to the temporary cooling of consumer sentiment following the consumption tax increase, delivery delays for housing equipment and construction materials and delays in handover occurred as a result of the COVID-19 pandemic,」
The company states that delivery delays for housing equipment and construction materials and delays in handover actually occurred as a result of the COVID-19 pandemic, in relation to delays in the construction period and process previously identified as risks. - FY2020-Q3MaterialisedAnnual report
「Meanwhile, delivery delays for housing equipment and construction materials occurred following the consumption tax increase and as a result of the spread of COVID-19, bringing the number of transactions to 240, down 21.3% year on year.」
The company states that delivery delays for housing equipment and construction materials caused by the spread of infectious disease actually occurred in connection with delays in the construction period and process due to unforeseen factors, which had previously been identified as a risk. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2019RestatedAnnual report
「In the Group's renovation business, revenue is recognized in line with the progress of building construction. However, if unforeseen circumstances such as delays in the construction period caused by natural disasters, accidents or other unforeseeable factors occur,」
The company continues to disclose the risk that revenue recognition based on construction progress and delays in the construction period caused by natural disasters, accidents or other factors may affect its results and financial position. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2018RestatedAnnual report
「In the Group's renovation business, revenue is recognized in line with the progress of building construction. However, if unforeseen circumstances such as delays in the construction period caused by natural disasters, accidents or other unforeseeable factors occur,」
The company continues to disclose the risk that revenue recognition based on construction progress and delays in the construction period caused by natural disasters, accidents or other factors may affect its results and financial position. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement indicates that there has been no new occurrence or material change in the risk of earnings fluctuations due to construction progress or delays in the construction period. - FY2017First statedAnnual report
「The Group recognizes revenue from its housing and renovation businesses in accordance with the progress of construction work. However, if an unforeseen event such as a delay in the construction period caused by a natural disaster, accident or other unforeseeable factor occurs, the Group's operating results and financial position may be affected.」
The risk that revenue recognition under the percentage-of-completion method and other methods, and delays in construction periods caused by natural disasters, accidents or other factors, may affect operating results and financial position has newly been disclosed as a separate risk.