Impact on results from changes in estimated total project costs
First written in FY2023. 5 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were disclosed to the risk of changes in estimated total project costs affecting results. - FY2025RestatedAnnual report
「Estimated total costs are prepared by project managers with specialized knowledge and experience, and the monitoring described above is conducted throughout each project. However, the estimates involve judgment, and changes in estimated work hours may materially affect the amount of revenue recognized in the following consolidated fiscal year.」
The Group continues to disclose the risk of changes in total cost estimates arising from project-specific complexity and the monitoring conducted by project managers and cross-functional departments. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were disclosed to the risk of changes in estimated total project costs affecting results. - FY2024WorsenedAnnual report
「However, each project is highly individual because the requested services and specifications differ by customer, and projects have become more complex and larger in recent years.」
The disclosure now adds that projects are increasingly complex and large, and that changes in estimated total costs may materially affect revenue recognized in the following fiscal year. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were disclosed to the risk of changes in estimated total project costs affecting results. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes were disclosed to the risk of changes in estimated total project costs affecting results. - FY2023First statedAnnual report
「However, changes in specifications from the original plan may require a review of the labor and outsourcing hours required.」
A substantial revision to total estimated costs may require revisions to gross profit based on the percentage of completion and to the earnings outlook.