Occurrence of contracts expected to incur losses
First written in FY2017-Q2. 7 of 13 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2021-Q3.
Intramart moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
57 other companies' latest entry also says "Mitigated".
- FY2021-Q3MitigatedAnnual report
「*2. Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
Work in process presented net related to contracts expected to incur losses amounted to ¥9.000 million, down from ¥21.081 million in the previous quarter. The risk itself, however, remains present in the financial statements. - FY2021-Q2MaterialisedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
Work in process presented net, which was zero at the end of the previous consolidated fiscal year, amounted to ¥21.081 million at the end of the second quarter, indicating that the risk related to contracts expected to incur losses has again appeared in the financial statements. - FY2021-Q1MaterialisedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
Work in process presented net, which was zero at the end of the previous fiscal year, amounted to ¥12.212 million at the end of the first quarter, indicating that the risk related to contracts expected to incur losses has again appeared in the financial statements. - FY2020MitigatedAnnual report
「*2. Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses (¥11.000 million at the end of the previous consolidated fiscal year).」
While the provision for contract losses at the end of the previous consolidated fiscal year was ¥11.000 million, the provision for contract losses recognized during the current consolidated fiscal year was zero, indicating that no provision related to contracts expected to incur losses arose during the year. - FY2020-Q2RestatedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
Work in process presented net was zero at the end of the second quarter, indicating that, as in the previous quarter, no net presentation related to contracts expected to incur losses was identified. - FY2020-Q1MitigatedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
At the end of the previous consolidated fiscal year, ¥11.000 million of work in process was presented net, but the balance was zero at the end of the first quarter. No net presentation related to contracts expected to incur losses was identified for the quarter. - FY2019-Q3MaterialisedAnnual report
「Provision for contract losses - 3,546」
A provision for contract losses of ¥3.546 million was recognized on the balance sheet at the end of the third quarter, indicating that contracts expected to incur losses continue to be reflected as provisions. - FY2019-Q2MaterialisedAnnual report
「Provision for loss on orders」
A provision for contract losses of ¥4.322 million was recognized on the consolidated balance sheet at the end of the second quarter, indicating that contracts expected to incur losses continue to be reflected as provisions. - FY2019-Q1MaterialisedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The provision for contract losses corresponding to the work in process presented net is as follows.」
A provision for contract losses of ¥10.054 million was recognized at the end of the first quarter, and corresponding work in process of ¥2.100 million was presented net. The previously disclosed risk of losses on contracts has materialized as an actual provision in the quarter. - FY2018DroppedAnnual reportThe year's business performance discussion and financial statements do not mention the troubled project or the recognition of a provision for contract losses.
- FY2017MaterialisedAnnual report
「Although peripheral services, including system development and consulting using "intra-mart," benefited from growth in consulting services accompanying increased orders for packaged products, they remained generally weak due to measures taken in response to a troubled project that arose in the second quarter.」
Continues to state that measures taken in response to the troubled project were reflected in the year's weak performance of the services business. - FY2017-Q3MaterialisedAnnual report
「Although peripheral services, including system development and consulting using "intra-mart," benefited from growth in consulting services accompanying increased orders for packaged products, they remained generally weak due to measures taken in response to a troubled project for which a provision was recognized in the second quarter.」
Describes the response to the troubled project for which a provision was recognized in the second quarter as having contributed to the weak performance of the services business. - FY2017-Q2First statedAnnual report
「Work in process related to order contracts expected to incur losses is presented net of the corresponding provision for contract losses. The amount of the provision for contract losses corresponding to the work in process presented net is as follows.」
For order contracts expected to incur losses, ¥36.744 million in corresponding provisions for contract losses is presented net against work in process.