Revenue-recognition risk arising from changes in estimated construction costs
First written in FY2021. 12 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 10 of 66 companies on the "Worse" side.
23 other companies' latest entry also says "Other".
- FY2026Updated revenue from construction contractsAnnual report
「Revenue from construction contracts relating to performance obligations satisfied over time was 13,342,512 thousand yen. In the future, changes in the assumptions underlying the initial estimates may arise from changes in the conditions underlying the estimate of total construction costs, such as design changes or natural disasters, and may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
The risk associated with revenue recognition for construction contracts continues, and revenue from construction contracts relating to performance obligations satisfied over time was ¥13,342,512,000. - FY2025-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning revenue recognition for construction contracts and estimated construction costs. - FY2024RestatedAnnual report
「Revenue from construction contracts relating to performance obligations satisfied over time was 12,411,644 thousand yen. In the future, changes in the assumptions underlying the initial estimates may arise from changes in the conditions underlying the estimate of total construction costs, such as design changes or natural disasters, and may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
Revenue recognized for construction contracts was ¥12,411,644,000, and the risk of changes in estimated construction costs resulting from design changes, natural disasters and other factors continues. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning revenue recognition based on construction progress and estimated construction costs. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning revenue recognition based on construction progress and estimated construction costs. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning revenue recognition based on construction progress and estimated construction costs. - FY2023RestatedAnnual report
「Revenue from construction contracts relating to performance obligations satisfied over time was 7,835,067 thousand yen. In the future, changes in the assumptions underlying the initial estimates may arise from changes in the conditions underlying the estimate of total construction costs, such as design changes or natural disasters, and may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
The risk associated with revenue recognition for construction contracts continues, and revenue from construction contracts relating to performance obligations satisfied over time was ¥7,835,067,000 for the current fiscal year. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning revenue recognition based on construction progress and estimated construction costs. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning revenue recognition based on construction progress and estimated construction costs. - FY2022RestatedAnnual report
「Revenue from construction contracts relating to performance obligations satisfied over time was 13,987,869 thousand yen. In the future, changes in the assumptions underlying the initial estimates may arise from changes in the conditions underlying the estimate of total construction costs, such as design changes or natural disasters, and may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
Revenue recognized based on construction progress was 13,987,869 thousand yen, and the risk of changes in estimated construction costs resulting from design changes, natural disasters and other factors continues. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning revenue recognition under the percentage-of-completion method and estimated construction costs. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning revenue recognition under the percentage-of-completion method and estimated construction costs. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning revenue recognition under the percentage-of-completion method and estimated construction costs. - FY2021First statedAnnual report
「Revenue of 15,981,428 thousand yen was recognized under the percentage-of-completion method. In the future, changes in the assumptions underlying the initial estimates may arise from changes in the conditions underlying the estimate of total construction costs, such as design changes requested by customers or natural disasters, and may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
Revenue of 15,981,428 thousand yen was recognized under the percentage-of-completion method, and the Company newly disclosed that changes in estimated construction costs resulting from design changes, natural disasters and other factors could have a material impact on future financial statements.