Inaccurate Estimates, Delivery Delays, and Risk of Liability for Damages
First written in FY2016. 16 of 34 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 19 of 61 companies on the "Worse" side.
30 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「There was no provision for an allowance for losses on orders during the consolidated fiscal year.」
While some loss-making projects and a ¥111.757 million provision for losses on orders were reported for the previous interim period, no provision for losses on orders was recorded for the full fiscal year. The uncertainty of estimates itself continues to be disclosed as a material accounting estimate. - 2026-06-04MitigatedGeneral Meeting of Shareholders
「There was no provision for an allowance for losses on orders during the consolidated fiscal year.」
The fiscal year ended March 2026 states that no provision was made for an allowance for losses on orders, compared with a provision of ¥111.757 million in the first half of the fiscal year ending March 2026. At the same time, uncertainty in estimates and the possibility of an impact on the following consolidated fiscal year and beyond continue to be disclosed. - FY2026-H1MaterialisedAnnual report
「In terms of profit, some projects undertaken as a challenge in new business areas with a high degree of technical difficulty experienced greater-than-expected increases in work hours, resulting in losses on some projects.」
States that greater-than-expected increases in work hours and losses on some projects actually occurred in projects in new, highly challenging business areas. The interim consolidated balance sheet records a provision for losses on orders of ¥111.757 million. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters that could materially affect investors' decisions among those concerning the business and accounting conditions described in the interim securities report, nor were there any significant changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2024MitigatedAnnual report
「There was no provision for an allowance for losses on orders during the consolidated fiscal year.」
States that a provision for losses on orders of ¥1.990 million had been recorded at the end of the immediately preceding third quarter, but none was recorded for the full fiscal year. The risk itself, including uncertainty in accounting estimates, continues to be disclosed as a material accounting estimate. - FY2024-Q3Decrease in provision for contract lossesAnnual report
「Provision for losses on orders - 1,990」
A provision for losses on orders of ¥1.990 million was recorded at the end of the third quarter. The balance decreased from ¥3.036 million reported at the end of the previous quarter, but the accounting recognition of order losses continued. No individual causes, such as estimation errors, are disclosed. - FY2024-Q2MaterialisedAnnual report
「Provision for losses on orders - 3,036」
A provision for losses on orders of ¥3.036 million was recorded at the end of the second quarter, representing an accounting recognition of losses related to estimation errors and other factors. - FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2023MitigatedAnnual report
「There was no provision for an allowance for losses on orders during the consolidated fiscal year.」
States that a provision for losses on orders of ¥3.450 million had been recorded at the end of the previous quarter, but none was recorded during the current fiscal year. The risk itself, including estimation errors and other factors, continues to be disclosed. - FY2023-Q3WorsenedAnnual report
「Provision for losses on orders - 3,450」
A provision for losses on orders of ¥3.450 million was recorded at the end of the third quarter. The accounting recognition of order losses continued and increased from ¥3.225 million at the end of the previous quarter. - FY2023-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2023-Q1MaterialisedAnnual report
「Provision for losses on orders - 3,225」
A provision for losses on orders of ¥3.225 million was recorded at the end of the first quarter, representing an accounting recognition of order losses that had not existed at the end of the previous fiscal year. - FY2022MitigatedAnnual report
「There was no provision for an allowance for losses on orders during the consolidated fiscal year.」
States that no provision for losses on orders related to estimation errors and other factors was recorded during the fiscal year. The possibility of the risk itself continues to be disclosed. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2021WorsenedAnnual report
「Our Group forecasts and estimates costs incurred based on work schedules and other factors. However, customer requirements have become more demanding, including shorter development periods and more complex functions, and increased development work beyond initial expectations and additional costs from functional improvements may cause costs to exceed initial estimates, resulting in low margins or losses.」
In addition to the existing risk of cost overruns, identifies shorter development periods, greater functional complexity, increased development work and additional costs from functional improvements as specific factors. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. No provision for losses on orders is mentioned for the quarter. - FY2020MitigatedAnnual report
「Provision for losses on orders 22,874 -」
The provision for losses on orders, recorded at ¥22.874 million at the end of the previous fiscal year, was zero at the end of the current fiscal year. As no explanation of individual projects or the reason for the decrease is provided, this does not indicate that the risk itself has been eliminated. - FY2020-Q3WorsenedAnnual report
「Provision for losses on orders 22,874 92,076」
The provision for losses on orders increased from ¥22.874 million at the end of the previous fiscal year to ¥92.076 million at the end of the third quarter. An increase in the accounting provision balance related to cost overruns and other factors can be confirmed, but no explanation of individual projects or causes is provided. - FY2020-Q2WorsenedAnnual report
「Provision for losses on orders 22,874 28,230」
The provision for losses on orders increased from ¥22.874 million at the end of the previous fiscal year to ¥28.230 million at the end of the second quarter. An increase in the accounting provision balance related to cost overruns and other factors can be confirmed, but no explanation of individual projects or causes is provided. - FY2020-Q1Decrease in the provision for loss-making ordersAnnual report
「Provision for losses on orders 22,874 2,578」
The provision for losses on orders decreased from ¥22.874 million at the end of the previous fiscal year to ¥2.578 million at the end of the first quarter. No explanation of individual projects or the reason for the decrease is provided. - FY2019MaterialisedAnnual report
「Provision for losses on orders - 22,874」
A provision for losses on orders of ¥22.874 million was recorded at the end of the fiscal year, confirming an accounting recognition related to the risk of low margins or losses due to cost overruns and other factors. - FY2019-Q3MaterialisedAnnual report
「Provision for losses on orders - 83,810」
The quarterly consolidated balance sheet records a provision for losses on orders of ¥83.810 million. An accounting recognition related to risks such as cost overruns can be confirmed, but no explanation of individual projects or causes is provided. - FY2019-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2018RestatedAnnual report
「Our Group forecasts and estimates costs incurred based on work schedules and other factors, but it is difficult to estimate all costs accurately. If actual costs exceed estimated costs, projects may generate low margins or incur losses. In addition, if our Group is unable to complete and deliver work by the deadlines agreed in advance with customers, it may incur delay damages, and if it ultimately cannot complete and deliver the work, it may incur liability for damages.」
Reiterates the risks of low margins or losses due to cost overruns, delivery delays, and liability for damages due to inability to deliver. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2018-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2017RestatedAnnual report
「Our Group forecasts and estimates costs incurred based on work schedules and other factors, but it is difficult to estimate all costs accurately. If actual costs exceed estimated costs, projects may generate low margins or incur losses. In addition, if our Group is unable to complete and deliver work by the deadlines agreed in advance with customers, it may incur delay damages, and if it ultimately cannot complete and deliver the work, it may incur liability for damages.」
Reiterates the risks of low margins or losses due to cost overruns, delivery delays, and liability for damages due to inability to deliver. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes or new developments in existing business and other risks, including the risks of estimation errors, delivery delays and liability for damages. - FY2017-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
No material changes or new developments have been indicated regarding the risks of estimation errors, delivery delays and liability for damages. - FY2016First statedAnnual report
「Our Group forecasts and estimates costs incurred based on work schedules and other factors, but it is difficult to estimate all costs accurately. If actual costs exceed estimated costs, projects may generate low margins or incur losses. In addition, if our Group is unable to complete and deliver work by the deadlines agreed in advance with customers, it may incur delay damages, and if it ultimately cannot complete and deliver the work, it may incur liability for damages.」
Indicates risks relating to profitability and liability for damages arising from cost estimates, contractual delivery deadlines and inability to deliver.