Risk of claims for damages due to construction delays at the UAE equity-method affiliate
First written in FY2021-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q1.
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- FY2022-Q1RestatedAnnual report
「Our equity-method affiliate operates a business related to the manufacture and installation of power cables in the United Arab Emirates. During the previous consolidated fiscal year, it began negotiations with the customer regarding claims for damages related to construction delays. At this time, it is difficult to reasonably estimate the amount of the impact.」
Negotiations regarding claims for damages related to construction delays at the UAE equity-method affiliate, and the inability to reasonably estimate the amount of the impact, continue. - FY2021-Q2First statedAnnual report
「Our equity-method affiliate operates a business related to the manufacture and installation of power cables in the United Arab Emirates. During the second quarter of the current consolidated fiscal year, it began negotiations with the customer regarding claims for damages related to construction delays. At this time, it is difficult to reasonably estimate the amount of the impact.」
Negotiations have begun regarding claims for damages related to construction delays at the equity-method affiliate that manufactures and installs power cables in the UAE. The disclosure states that the amount of the impact cannot currently be reasonably estimated.