Occurrence of Unprofitable Projects
First written in FY2017-Q3. 11 of 27 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The provision for loss on orders included in cost of sales was as follows. Previous consolidated fiscal year (30 June 2025) – thousand yen Current consolidated fiscal year (30 June 2026) 7,678 thousand yen」
A provision for loss on orders of ¥7,678 thousand was recognized in the current fiscal year, whereas none was recognized in the previous fiscal year, indicating the emergence of loss risk associated with unprofitable projects. - FY2025-H1MaterialisedAnnual report
「In addition, during the interim consolidated accounting period, some projects incurred higher-than-expected costs, as well as one-off expenses such as acquisition fees related to M&A transactions. Provision for loss on orders – 19,182」
Some projects incurred higher-than-expected costs, and a provision for loss on orders of ¥19,182 thousand was recognized at the interim period-end. This indicates that the risk of losses associated with unprofitable projects had materialized. - FY2024MitigatedAnnual report
「Provision expense for contract loss provisions included in cost of sales was as follows: previous consolidated fiscal year, ¥0.880 million; current consolidated fiscal year, —.」
The provision for loss on orders fell from ¥880 thousand in the previous fiscal year to zero in the current fiscal year, reducing losses recognized on unprofitable projects. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no occurrences of matters relating to the business or financial position described in this quarterly report that could materially affect investors’ decisions, nor any material changes in the “Business and Other Risks” described in the annual securities report for the previous fiscal year. There are no material events or other matters.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2024-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, there were no occurrences of matters relating to the business or financial position described in this quarterly report that could materially affect investors’ decisions, nor any material changes in the “Business and Other Risks” described in the annual securities report for the previous fiscal year. There are no material events or other matters.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2024-Q1MaterialisedAnnual report
「Contract loss provision — ¥11.816 million」
A contract loss provision of ¥11.816 million was recognized at the end of the first quarter of the current fiscal year, despite no provision at the end of the previous consolidated fiscal year, indicating that loss risk related to unprofitable projects had materialized. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no occurrences of matters relating to the business or financial position described in this quarterly report that could materially affect investors’ decisions, nor any material changes in the “Business and Other Risks” described in the annual securities report for the previous fiscal year. There are no material events or other matters.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2023-Q2MaterialisedAnnual report
「Contract loss provision — ¥5.840 million」
A contract loss provision of ¥5.840 million was recognized at the end of the second quarter of the current fiscal year, despite no provision at the end of the previous consolidated fiscal year, indicating the emergence of loss risk related to unprofitable projects. - FY2022-Q3MitigatedAnnual report
「Contract loss provision: 0.424 —」
The contract loss provision declined from ¥0.424 million at the end of the previous consolidated fiscal year to none at the end of the third quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, there were no occurrences of matters relating to the business or financial position described in this quarterly report that could materially affect investors’ decisions, nor any material changes in the “Business and Other Risks” described in the annual securities report for the previous fiscal year. There are no material events or other matters.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could have a material impact on investors' decisions among those relating to the business conditions, financial condition and other matters described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. In addition, no significant events or conditions existed.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2021MitigatedAnnual report
「Provision expense for contract loss provisions included in cost of sales was as follows: previous consolidated fiscal year, ¥14.885 million; current consolidated fiscal year, ¥0.424 million.」
Provision expense for contract loss provisions declined from ¥14.885 million to ¥0.424 million. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no occurrences of matters relating to the business or financial position described in this quarterly report that could materially affect investors’ decisions, nor any material changes in the “Business and Other Risks” described in the annual securities report for the previous fiscal year. There are no material events or other matters.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could have a material impact on investors' decisions among those relating to the business conditions, financial condition and other matters described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. In addition, no significant events or conditions existed.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of unprofitable projects occurring. - FY2020-Q1MitigatedAnnual report
「Profit benefited mainly from stronger project management, which helped contain unprofitable projects,」
The company said stronger project management had helped contain unprofitable projects. - FY2019MitigatedAnnual report
「Profit benefited from stronger project management, which helped contain unprofitable projects and improve the efficiency of development work,」
The company continued to contain unprofitable projects through stronger project management, and provision expense for contract loss provisions declined from ¥19.090 million in the previous fiscal year to ¥14.885 million. quantified=true, materialized=false. - FY2019-Q3RestatedAnnual report
「Profit benefited from stronger project management, which helped contain unprofitable projects and improve the efficiency of development work, as well as the receipt of orders for projects pursued through research and proposals since the previous fiscal year,」
The company continued to explain that stronger project management had helped contain unprofitable projects and improve the efficiency of development work. - FY2019-Q2MitigatedAnnual report
「Profit benefited from stronger project management, which helped contain unprofitable projects and improve the efficiency of development work, as well as the receipt of orders for projects pursued through research and proposals since the previous fiscal year,」
The company said stronger project management helped contain unprofitable projects and improve the efficiency of development work. - FY2018MitigatedAnnual report
「Profit benefited from measures including stronger project management, which helped contain unprofitable projects that arose in the previous fiscal year, steady orders for high-margin packaged products, and lower selling, general and administrative expenses following the absorption merger of CIJ Solutions Co., Ltd., carried out as part of the initiative to improve the efficiency of group management. Operating profit was ¥1,436 million, up 19.6% year on year, and ordinary profit was ¥1,456 million, up 18.8%.」
The company said it had contained unprofitable projects that arose in the previous fiscal year. Provision expense for contract loss provisions also declined from ¥28.990 million to ¥19.090 million. - FY2017WorsenedAnnual report
「However, gross profit was ¥3,480 million, down ¥190 million, or 5.2%, from the previous fiscal year, due mainly to sluggish orders for high-margin packaged products and the occurrence of unprofitable projects.」
The occurrence of unprofitable projects reduced full-year gross profit. Provision expense for contract loss provisions also increased from ¥16.743 million in the previous fiscal year to ¥28.990 million. - FY2017-Q3MaterialisedAnnual report
「However, gross profit was ¥2,588 million, down 9.3% year on year, due mainly to sluggish orders for high-margin packaged products and the occurrence of unprofitable projects.」
The company stated that unprofitable projects actually occurred and contributed to the decline in gross profit.