Processing losses as loss-making projects wind down
First written in FY2020-Q2. 5 of 13 entries say "Restated". Latest entry: FY2026.
46 other companies' latest entry also says "Other".
- FY2026Provision for contract losses increasedAnnual report
「The balance of the provision for contract losses is ¥22.240 million.」
The provision for contract losses increased from ¥4.749 million at the end of the previous fiscal year to ¥22.240 million, indicating a deterioration in the resolution of unprofitable projects and the treatment of related losses. - FY2026-H1AdvancedAnnual report
「Provision for loss on orders 4,749 －」
The provision for contract losses, which stood at ¥4.749 million at the end of the previous fiscal year, fell to zero at the end of the interim period, reducing the amount recognized for losses on unprofitable projects. - FY2025Provision for losses on contracts recorded againAnnual report
「Provision for contract losses － 4,749」
While continuing to address low-margin and loss-making projects, the balance of the provision for contract losses increased from zero to ¥4.749 million. - FY2024-Q3RestatedAnnual report
「Against this backdrop, the Group focused on securing orders for ongoing and new projects, improving the profitability of low-margin projects, and investing in human resources development and recruitment activities.」
The company continues efforts to improve the profitability of low-profitability projects, together with securing orders and personnel initiatives. - FY2024-Q2RestatedAnnual report
「Against this backdrop, the Group focused on securing orders for ongoing and new projects, improving the profitability of low-margin projects, and investing in human resources development and recruitment activities, while addressing employee telework and other measures.」
The company continues efforts to wind down low-profitability projects and improve their profitability. No new provision balance or completion of the wind-down was disclosed. - FY2023-Q3RestatedAnnual report
「Against this backdrop, the Group took measures in line with guidelines for preventing COVID-19 infections and promoted employee telework and staggered working hours, while focusing on securing orders for ongoing and new projects, improving the profitability of low-margin projects, and investing in human resources development and recruitment activities.」
The company continues efforts to improve the profitability of low-profitability projects, together with securing orders and personnel initiatives. - FY2022AdvancedAnnual report
「Change in provision for contract losses △¥12.050 million"Provision for contract losses 80,593 －」
The provision for contract losses related to the wind-down of unprofitable projects decreased by ¥12.050 million, leaving a zero balance at the end of the current consolidated fiscal year. - FY2022-Q2AdvancedAnnual report
「Change in provision for contract losses △¥12.050 million"Provision for contract losses 80,593 －」
The provision for contract losses related to the wind-down of unprofitable projects decreased by ¥12.050 million, leaving a zero balance at the end of the second quarter. The company did not state that the wind-down had been completed. - FY2021AdvancedAnnual report
「Regarding operating results, profit margins improved as the company strengthened its review framework for new proposals and development progress in the system development business, preventing the emergence of unprofitable projects and pursuing highly profitable projects through quality improvements.」
The company worked to prevent unprofitable projects and improve profit margins by strengthening its review framework, and the balance of the provision for contract losses also declined to ¥80.593 million. - FY2021-Q1AdvancedAnnual report
「In the system development business, profit margins improved as a result of progress in winding down unprofitable projects.」
The company reported the specific effect of improved profit margins as the wind-down of unprofitable projects progressed. It did not state that the wind-down had been completed. - FY2020RestatedAnnual report
「Meanwhile, the company recognized temporary losses in the system development business in order to wind down unprofitable projects.」
The company explained that it continued winding down unprofitable projects and recognized temporary losses in the process. It did not state that the wind-down had been completed. - FY2020-Q3RestatedAnnual report
「Meanwhile, the company recognized temporary losses in the system development business in order to wind down unprofitable projects.」
The company explained that it continued measures to wind down unprofitable projects and recognized temporary losses in the process. It did not state that the wind-down had been completed. - FY2020-Q2First statedAnnual report
「In the systems development business, we recorded an additional provision for losses on orders to bring unprofitable projects to completion. In addition, because personnel were focused on completing the development project, we were unable to secure sufficient staffing, resulting in stagnant order intake.」
The company has for the first time expressly stated that, to wind down unprofitable projects, it will recognize additional provisions for contract losses and direct management resources toward completing the wind-down.