Deterioration in Project Profitability Due to Estimation Errors and Work Delays
First written in FY2023. 5 of 6 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim accounting period, there were no material changes in the occurrence of principal risks that management recognizes as potentially having a material impact on our financial position, operating results or cash flows, among the matters concerning the business and accounting described in this interim securities report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there was no material change in the risk of deteriorating project profitability due to estimation errors or work delays. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, there were no material changes in the occurrence of principal risks that management recognizes as potentially having a material impact on our financial position, operating results or cash flows, among the matters concerning the business and accounting described in this interim securities report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there was no material change in the risk of deteriorating project profitability due to estimation errors or work delays. - FY2024RestatedAnnual report
「Particularly for large projects, excess costs may arise from errors in estimates, delays in work or other factors.」
Reiterates the risk of excess costs, lower project profitability and delayed deliveries due to estimation errors or work delays. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there was no material change in the risk of deteriorating project profitability due to estimation errors or work delays. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there was no material change in the risk of deteriorating project profitability due to estimation errors or work delays. - FY2023First statedAnnual report
「However, particularly for large projects, excess costs may arise from errors in estimates, delays in work or other factors. If such an event occurs, project profitability may deteriorate and deliveries may be delayed, resulting in higher cost of sales or delayed revenue recognition, which may affect our operating results and financial position.」
While managing projects through standard manuals, preliminary reviews and progress checks, discloses the possibility of excess costs from estimation errors and delays in large projects.