Accounting Estimate Risks Related to Deferred Tax Assets, Construction Loss Provisions and Allowances for Doubtful Accounts
First written in FY2020. 7 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 22 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Total construction contract revenue, total estimated construction costs and the percentage of completion at the reporting date are estimated reliably. However, if these estimates change, the amounts of construction revenue and provisions for losses on construction contracts recognized may fluctuate.」
The risk that changes in estimates for deferred tax assets, the percentage of completion and provisions for losses on construction contracts and doubtful accounts will affect the financial statements continues. - FY2026-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.」
It is stated that there have been no significant changes in the accounting estimate risks relating to deferred tax assets, the percentage of completion, provisions for losses on construction contracts and doubtful accounts, among others. - FY2024Addition of valuation estimate risk associated with a business combinationAnnual report
「The assumptions used to estimate future cash flows involve uncertainty, and if they diverge from the business plan, impairment losses on goodwill and intangible assets may arise.」
In addition to the previously disclosed risks relating to deferred tax assets, the percentage of completion and doubtful accounts, valuation and impairment estimate risks were disclosed for goodwill of ¥864 million, customer-related assets of ¥835 million and technology-related assets of ¥120 million acquired in connection with the acquisition of GBS. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no significant changes in the accounting estimate risks relating to deferred tax assets, the percentage of completion, provisions for losses on construction contracts and doubtful accounts, among others. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no significant changes in the accounting estimate risks relating to deferred tax assets, the percentage of completion, provisions for losses on construction contracts and doubtful accounts, among others. - 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.」
It is stated that there have been no significant changes in the accounting estimate risks relating to deferred tax assets, the percentage of completion, provisions for losses on construction contracts and doubtful accounts, among others. - FY2023RestatedAnnual report
「Total construction contract revenue, total estimated construction costs and the percentage of completion at the reporting date are estimated reliably. However, if these estimates change, the amounts of construction revenue and provisions for losses on construction contracts recognized may fluctuate.」
The risk that changes in estimates for deferred tax assets, the percentage of completion and provisions for losses on construction contracts and doubtful accounts will affect the financial statements continues. - FY2022RestatedAnnual report
「Total construction contract revenue, total estimated construction costs and the percentage of completion at the reporting date are estimated reliably. However, if these estimates change, the amounts of construction revenue and provisions for losses on construction contracts recognized may fluctuate.」
The risk that changes in estimates for deferred tax assets, the percentage of completion and provisions for losses on construction contracts and doubtful accounts will affect the financial statements continues. - FY2020First statedAnnual report
「Deferred tax assets are assessed by estimating future taxable income, considering their recoverability and recording a valuation allowance. If the conditions or assumptions used in estimating taxable income change and the estimate decreases, deferred tax assets may be reduced and tax expenses may be recognized.」
The company discloses the recoverability of deferred tax assets, the risk of overestimating provisions for losses on construction contracts, and the risk of additional provisions for doubtful accounts due to deterioration in customers’ financial conditions as risks associated with significant accounting estimates.