Risk of fluctuations in estimates of construction costs and percentage of completion
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 10 of 83 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2025Revenue from completed construction contracts and order backlog updatedAnnual report
「Revenue from completed construction contracts recognized based on progress toward satisfying performance obligations ¥4,693.085 million Order backlog for construction projects for which revenue is recognized over time ¥3,504.774 million」
Revenue from completed construction contracts recognized based on construction progress was ¥4,693.085 million, while the order backlog for construction projects for which revenue is recognized over time was ¥3,504.774 million. The policy of continually reviewing estimates of construction costs and labor hours was also reiterated. - FY2022-Q1RestatedAnnual report
「The progress toward satisfying performance obligations is calculated as the ratio of actual costs to estimated total costs, using the input method.」
Following the change in the revenue recognition method, the construction progress rate is calculated as the ratio of actual costs to estimated total costs. No change has been indicated in the policy of continually estimating construction costs and progress. - FY2021First statedAnnual report
「Revenue recognized under the percentage-of-completion method: ¥3,367.151 million Because the scope of work and required labor hours may change as construction progresses, we continually review the related estimates and assumptions.」
Revenue of ¥3,367.151 million was recognized under the percentage-of-completion method, and the disclosure identifies the risk that estimates of total construction costs and required labor hours may fluctuate due to topographical characteristics, underground obstacles, changes in site conditions and other factors.