Risk of fluctuations in performance due to development delays and increased project hours
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2026.
Grid moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 7 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「For each project in the infrastructure asset business, the timing of project commencement, delivery of materials, procurement costs, construction costs, completion, and other matters may change if previously unforeseen facts come to light or unforeseen circumstances arise due to natural disasters or changes in global or economic conditions. This could affect quarterly results and, consequently, full-year results.」
In addition to the risks of changes in the start date and delivery schedule for conventional AI development projects, the scope now includes risks of changes in material delivery schedules, procurement costs, construction costs, and completion dates in the infrastructure asset business. - FY2024RestatedAnnual report
「For each project, if the start date or delivery date changes due to the discovery of facts not anticipated when estimates were prepared or the occurrence of unforeseen circumstances, this may affect quarterly operating results and, consequently, full-year operating results.」
Reaffirms the risk of fluctuations in quarterly and full-year operating results due to changes in project start dates and delivery dates and increased work hours. - FY2023First statedAnnual report
「If work hours increase due to the discovery of facts not anticipated when estimates were prepared or the occurrence of unforeseen circumstances, project profitability may deteriorate and affect our operating results.」
Clarifying the scope of work and requirements and improving the accuracy of work-hour estimates are cited as countermeasures.