Uncertainty in Cost Estimates for Contracted Projects
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 3 of 11 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Unforeseen events such as changes in specifications or the development structure may cause differences between actual costs and estimated total costs.」
The risk of differences between actual and estimated total costs due to specification, development-structure or other condition changes, and event cancellations or postponements, continued. Revenue recognized based on the 2025 stage of completion was disclosed as ¥848.429 million. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
No material changes were reported in the uncertainty of cost estimates for contracted projects. - FY2024First statedAnnual report
「Unforeseen events such as changes in specifications or the development structure may cause differences between actual costs and estimated total costs.」
The disclosure described the risk that project labor estimates, specification changes, event cancellations or postponements could affect revenue recognition and profit or loss in the following period.