Final resolution of a contract for a large-scale unprofitable project
First written in FY2017-Q1. 6 of 11 entries say "Restated". Latest entry: FY2019-Q3.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2019-Q3Cited as achievedAnnual report
「Subsequently, a settlement was reached with the counterparty, and an extraordinary loss of ¥145 million for the settlement was recorded in the second quarter.」
The company reiterates the past resolution of the large loss-making project through a settlement and recognition of a ¥145 million extraordinary loss. - FY2019-Q2AchievedAnnual report
「Subsequently, as stated in the notice issued on 25 July 2018 regarding the conclusion of the mediation, the counterparty agreed to the settlement. The mediation was concluded with the company paying the counterparty ¥145 million in settlement, and payment was completed during the second quarter.」
The company stated that mediation concerning the past large loss-making project had been concluded and that payment of the ¥145 million settlement had been completed, fully resolving the matter. - FY2019-Q1MaterialisedAnnual report
「Regarding the loss-making project in the system integration field that arose in the second quarter of the fiscal year ended February 2015, we filed for mediation with the Tokyo District Court on 15 August 2016, seeking damages of ¥1,765.135 million in total. In response, the customer likewise filed for mediation on 30 August 2016, seeking total damages of ¥830.450 million.」
The company has again disclosed its claim of ¥1,765.135 million and the customer's claim of ¥830.450 million in the existing mediation case. - FY2019-Q1MaterialisedAnnual report
「Following the proposal of a settlement by the Mediation Committee of the Tokyo District Court, we recorded a provision of ¥145 million for settlement costs as an extraordinary loss in the first quarter. As a result, quarterly net loss was ¥48.876 million, compared with profit of ¥55.609 million in the same quarter of the previous year. No settlement with the customer has been reached as of the present date.」
A settlement proposal was made concerning the large loss-making project, and the company recorded a ¥145 million provision for settlement costs, resulting in a quarterly net loss. The settlement itself has not been reached. - FY2018RestatedAnnual report
「The large loss-making project that arose three years ago is currently at the stage of coordination toward final settlement of the contract.」
The company stated that the large loss-making project remains at the stage of coordination toward final settlement of the contract. - FY2018-Q3RestatedAnnual report
「The large loss-making project that arose three years ago is currently at the stage of coordination toward final settlement of the contract.」
Coordination toward final settlement of the contract is continuing. The notes also state that mediation is under way concerning the company's claim for damages of ¥1,765.135 million and the customer's claim of ¥830.450 million, that the outcome could affect earnings, and that it is difficult to reasonably estimate the amount of the impact. - FY2018-Q2RestatedAnnual report
「The large loss-making project that arose three years ago is currently at the stage of coordination toward final settlement of the contract.」
The company stated that the past large loss-making project remained at the stage of coordination toward final settlement of the contract. - FY2018-Q1RestatedAnnual report
「The large loss-making project that arose in the fiscal year ended February 2015 is currently at the stage of coordination toward final settlement of the contract.」
The company reiterates that the past large loss-making project remained, as of the end of the quarter, at the stage of coordination toward final settlement of the contract. - FY2017-Q3RestatedAnnual report
「The large loss-making project that arose the year before last is currently at the stage of coordination with the customer toward final termination of the contract.」
The company reiterates that the past large loss-making project remains at the stage of coordination with the customer toward final termination of the contract. - FY2017-Q2RestatedAnnual report
「The large loss-making project that arose the year before last is currently at the stage of coordination with the customer toward final termination of the contract.」
The company reiterates that the past large loss-making project remains at the stage of coordination with the customer toward final termination of the contract. - FY2017-Q1MaterialisedAnnual report
「The large loss-making project that arose the year before last is currently at the stage of coordination toward final settlement of the contract.」
The company stated that a loss-making project from the past remained, as of the end of the quarter, at the stage of coordination toward final settlement of the contract.