Occurrence of Unprofitable Projects
First written in FY2018. 3 of 8 entries say "Worsened", first in FY2023. Latest entry: FY2026.
TerraSky moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
12 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The provision expense for losses on construction contracts included in cost of sales was as follows.」
The provision expense for losses on construction contracts increased from ¥5.873 million in the previous consolidated fiscal year to ¥6.975 million in the current consolidated fiscal year. The amount recognized as a provision for unprofitable projects increased. - FY2025WorsenedAnnual report
「The provision expense for losses on construction contracts included in cost of sales was as follows. Previous consolidated fiscal year: ¥1.947 million Current consolidated fiscal year: ¥5.873 million」
The provision expense for losses on construction contracts increased from ¥1.947 million to ¥5.873 million. The amount recognized as a provision for unprofitable projects increased. - FY2024MitigatedAnnual report
「The provision expense for losses on construction contracts included in cost of sales was as follows. ¥16.801 million ¥1.947 million」
The provision expense for losses on construction contracts declined from ¥16.801 million in the previous fiscal year to ¥1.947 million. The amount recognized as a provision for unprofitable projects decreased. - FY2023WorsenedAnnual report
「The provision expense for losses on construction contracts included in cost of sales was ¥3.230 million for the current consolidated fiscal year.」
The provision expense for losses on construction contracts was ¥16.801 million in the current consolidated fiscal year, up from ¥3.230 million in the previous consolidated fiscal year. - FY2022MaterialisedAnnual report
「The provision expense for losses on construction contracts included in cost of sales was ¥3.230 million for the current consolidated fiscal year.」
The company recognized a ¥3.230 million provision expense for losses on construction contracts in the current consolidated fiscal year in preparation for unprofitable projects. - FY2019RestatedAnnual report
「If unforeseen defects or other issues cause a substantial increase in development hours and lead to unprofitable projects, this could affect our group's financial position and operating results.」
The company reiterated the risk of unprofitable projects and the response through staffing, project progress and budget management. - FY2019-Q1MaterialisedAnnual report
「Provision for losses on construction contracts - ¥8.771 million」
A ¥8.771 million provision for losses on construction contracts was recognized on the consolidated balance sheet for the quarter, showing that the risk of unprofitable projects had materialized as a provision. - FY2018First statedAnnual report
「If unforeseen defects or other issues cause a substantial increase in development hours and lead to unprofitable projects, this could affect our group's financial position and operating results.」
While managing staffing, project progress and budgets, the company identifies increased development hours and the resulting risk of unprofitability due to unforeseen defects as risks.