Unprofitable Projects in the Civil Engineering, Construction and Plant Engineering Businesses
First written in FY2019-Q2. 7 of 14 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 5 of 16 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes to the existing risks, including unprofitable projects in the civil engineering, construction and plant engineering businesses. - FY2023-Q3RestatedAnnual report
「The results of this business segment, which comprises the soundproof building materials, civil engineering, construction and plant engineering, transportation, and environmental analysis businesses, declined in both revenue and profit year on year. This was partly because the volumes of transported goods, recycled materials and other items handled decreased as sales of zinc and lead products declined.」
The Other business segment reported a 6% decrease in revenue and a 22% decrease in operating profit, but no new unprofitable projects were reported. - FY2022-Q3RestatedAnnual report
「The results of this business segment, which comprises the soundproof building materials, civil engineering, construction and plant engineering, transportation, and environmental analysis businesses, increased in both revenue and profit year on year as it recovered from the effects of the COVID-19 pandemic in the previous fiscal year.」
The Other business segment recorded operating profit of ¥657 million, a 25% increase in profit year on year. No loss-making condition caused by unprofitable projects was reported for the period. - FY2022-Q2MitigatedAnnual report
「The results of this business segment, which comprises the soundproof building materials, civil engineering, construction and plant engineering, transportation, and environmental analysis businesses, increased in both revenue and profit year on year. This was partly because production and sales volumes in the transportation business increased from the same period of the previous year, which was affected by the COVID-19 pandemic, leading to higher volumes of transported goods, recycled materials and other items handled.」
The Other business segment recorded operating profit of ¥440 million, an 11% increase in profit year on year. The loss-making condition caused by unprofitable projects was not reflected in the segment’s results for the period. - FY2021MitigatedAnnual report
「The plant engineering business reported lower revenue but higher profit than in the previous fiscal year, partly because losses related to the unprofitable projects from the previous fiscal year were eliminated.」
Losses from the unprofitable projects that arose in the previous fiscal year were eliminated, and the civil engineering, construction and plant engineering businesses recorded operating profit of ¥214 million. - FY2021-Q3MitigatedAnnual report
「However, profit increased year on year partly because the unprofitable projects in the plant engineering business that existed in the previous fiscal year no longer existed in the current fiscal year.」
The unprofitable projects that arose in the previous fiscal year no longer existed in the current fiscal year, and the civil engineering, construction and plant engineering businesses recorded operating profit of ¥117 million. - FY2021-Q2MitigatedAnnual report
「However, the disappearance in the current fiscal year of the unprofitable projects in the plant engineering business that existed in the previous fiscal year resulted in increased profit and a return to profitability.」
The unprofitable projects that arose in the previous fiscal year no longer existed in the current fiscal year, and the civil engineering, construction and plant engineering businesses recorded operating profit of ¥111 million. - FY2020MitigatedAnnual report
「Although losses related to unprofitable projects were recorded in the plant engineering business in the previous fiscal year, the substantial reduction in those losses in the current fiscal year resulted in a ¥717 million increase in profit from the previous fiscal year.」
Losses associated with unprofitable projects declined substantially, and the civil engineering, construction and plant engineering businesses turned profitable, recording operating profit of ¥151 million. - FY2020-Q3MitigatedAnnual report
「Revenue from the civil engineering business increased year on year, partly because large projects were accepted during the current period. In terms of earnings, although substantial losses were recorded from unprofitable projects in the same period of the previous year, no such projects arose in the current period, resulting in increased profit and a return to profitability.」
Following the acceptance of large projects and the absence of unprofitable projects, the civil engineering, construction and plant engineering businesses recorded operating profit of ¥51 million, turning profitable from an operating loss in the same period of the previous year. - FY2020-Q2MitigatedAnnual report
「Revenue from the plant engineering and construction businesses increased 52% year on year, partly because large projects were accepted during the current period, and operating profit also increased. However, the emergence of unprofitable projects in the plant engineering business and other factors resulted in the recording of an operating loss for the second consecutive period.」
Revenue and profit increased following the acceptance of large projects, and the operating loss narrowed from ¥91 million in the same period of the previous year to ¥17 million. However, unprofitable projects continued to arise. - FY2020-Q1RestatedAnnual report
「Due partly to the emergence of unprofitable projects in the plant engineering business, profit decreased by ¥150 million year on year and the business turned to an operating loss of ¥119 million.」
Unprofitable projects continued to arise in the plant engineering business, resulting in an operating loss. - FY2019MaterialisedAnnual report
「Due partly to the emergence of unprofitable projects, profit decreased by ¥899 million from the previous fiscal year and the business turned to an operating loss of ¥566 million.」
Unprofitable projects arose in the civil engineering, construction and plant engineering businesses, resulting in a full-year operating loss. - FY2019-Q3RestatedAnnual report
「Results declined substantially and the business fell into the red partly because unprofitable projects arose in the plant engineering business.」
Unprofitable projects in the plant engineering business continue to be cited as a factor behind the substantial decline in profit and the shift into the red in the Other business segment. - FY2019-Q2MaterialisedAnnual report
「Results also declined substantially because unprofitable projects arose in the civil engineering, construction and plant engineering businesses.」
Unprofitable projects actually arose in the civil engineering, construction and plant engineering businesses, becoming a major factor behind the decline in profit in the Other business segment.