Shinagawa Refra (5351) · RiskMitigated
Declining profitability in the engineering business due to recognition of provisions for losses on construction projects scheduled for completion next fiscal year
First written in FY2020-Q1. 2 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2022.
3entries
4years
0from disclosures
How it moved
Same theme, other companies
エンジニアリング事業の不採算案件による費用増加A theme 2 companies write about · 2 as a headwind · 0 as a tailwind
1 other company's latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2022MitigatedAnnual report
「Provision for losses on construction contracts ¥15 million」
The provision for losses on construction contracts was ¥15 million, compared with negative ¥79 million in the previous fiscal year, indicating that the impact of the loss provision recognized in the previous fiscal year had diminished. - FY2021MitigatedAnnual report
「Provision for losses on construction contracts: ¥(79) million」
For the provision for losses on construction contracts recognized in the previous fiscal year, the current fiscal year's provision was negative ¥79 million, and the consolidated balance also declined from ¥146 million to ¥24 million. - FY2020-Q1MaterialisedAnnual report
「Segment profit declined 30.5% to ¥81 million due to the recognition of provisions for losses on some construction projects scheduled for completion in the following fiscal year.」
A provision for losses was recognized on some construction projects scheduled for completion in the following fiscal year, resulting in a 30.5% year-on-year decline in Engineering segment profit to ¥81 million.