Concerns Regarding Delayed Recording of Costs for Additional Work
First written in FY2024-Q3. 1 of 3 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「To remedy the material deficiencies in internal control requiring disclosure that existed at the end of the previous fiscal year, we established and are implementing 10 measures to prevent recurrence.」
The company has established and is implementing 10 measures to prevent recurrence in response to deficiencies in internal control, including concerns regarding delays in recording additional construction costs. - FY2024Linkage to investigation findings and measures to prevent recurrenceAnnual report
「We conducted an investigation by the Special Investigation Committee to clarify the full scope of the concerns that at least some of the costs of out-of-scope work (additional work) were not added to total construction costs in a timely manner and that the timing of such additions was delayed until the following fiscal year or later without any particular basis. On the same day, we received the investigation report from the Special Investigation Committee.」
The company states that the concerns regarding the timing of recording additional construction costs became subject to investigation by the Special Investigation Committee and led to receipt of the investigation report and implementation of measures to prevent recurrence. - FY2024-Q3First statedAnnual report
「Concerns were identified that at least some of the costs of out-of-scope work (additional work) were not added to total construction costs in a timely manner and that the timing of such additions was delayed until the following fiscal year or later without any particular basis. These are referred to below as the "new concerns."」
Concerns regarding delays in recording additional construction costs were identified for 2 projects ordered by the same customer and received by the Tohoku Branch in June and July 2020. No amount was disclosed.