Risk of margins on certain projects falling below expectations
First written in FY2017-Q3. 13 of 16 entries say "Materialised", first in FY2018. Latest entry: FY2026-H1.
Nfk Holdings moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 6 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「In terms of profit, due partly to the incurrence of additional costs in the industrial furnace segment, the company posted an operating loss of ¥64 million, compared with an operating loss of ¥96 million in the same period of the previous year.」
It was reported that additional costs were also incurred in the industrial furnace segment during the current interim consolidated accounting period. - FY2025MaterialisedAnnual report
「Although there were cases in which costs exceeded the budget on large projects received by the industrial furnace segment,」
It was reported that costs exceeding the budget were actually incurred on large projects during the current fiscal year as well. However, it was explained that the impact was smaller than in the previous fiscal year. - FY2025-H1MaterialisedAnnual report
「Due partly to the incurrence of additional costs in the industrial furnace segment, the company posted an operating loss of ¥96 million, compared with an operating loss of ¥73 million in the same period of the previous year.」
Additional costs were also incurred in the industrial furnace segment during the current interim consolidated accounting period, and this is cited as a factor behind the increase in the operating loss. - FY2024MaterialisedAnnual report
「This was due partly to cases in which costs substantially exceeded the budget on large projects received by the industrial furnace segment, among other factors.」
Costs substantially exceeding the budget were actually incurred on large projects in the industrial furnace segment, and this is cited as a factor behind the decrease in operating profit. - FY2024-Q3MaterialisedAnnual report
「In terms of profit, this was due partly to the incurrence of additional costs on large projects in the industrial furnace segment, among other factors.」
Additional costs were actually incurred on large projects in the industrial furnace segment, and this is cited in the explanation of profit. - FY2024-Q2MaterialisedAnnual report
「This was due partly to the incurrence of additional costs in the industrial furnace segment, among other factors.」
Additional costs were actually incurred in the industrial furnace segment, and this is cited as a factor behind the operating loss. - FY2023MitigatedAnnual report
「The gross margin decreased 0.3 percentage points from the previous consolidated fiscal year to 28.4%. This was due, as in the previous consolidated fiscal year, to the implementation of strict project management and the absence of projects requiring costs substantially exceeding estimates, among other factors.」
The absence of projects requiring costs substantially exceeding estimates was reported, indicating that measures to address project profitability risk are ongoing. - FY2023-Q3MaterialisedAnnual report
「This was due partly to the incurrence of additional costs in the industrial furnace segment, among other factors.」
Additional costs were actually incurred in the industrial furnace segment, and this is cited as a factor behind the decrease in operating profit and other measures. - FY2023-Q2MaterialisedAnnual report
「Although additional costs were incurred in the industrial furnace segment,」
The actual incurrence of additional costs in the industrial furnace segment is mentioned in the explanation of profit. - FY2022MaterialisedAnnual report
「This was due partly to a pause in large projects from automotive-related companies and the incurrence of costs and labor hours exceeding estimates on some projects, among other factors.」
Some projects actually incurred costs and labor hours exceeding estimates, and this is cited as a factor behind the decrease in revenue in the industrial furnace segment. - FY2022-Q3MaterialisedAnnual report
「This was partly due to projects in the industrial furnace segment incurring costs exceeding estimates, among other factors.」
Projects in the industrial furnace segment actually incurred costs exceeding estimates during the current quarter, and this is cited as a factor behind the decrease in profit. - FY2021MitigatedAnnual report
「This was due to the implementation of strict project management and the absence of projects requiring costs substantially exceeding estimates in the previous consolidated fiscal year.」
The absence in the current fiscal year of projects requiring costs exceeding estimates in the previous fiscal year is cited as a factor behind the improvement in the gross margin. - FY2020MaterialisedAnnual report
「In addition to costs exceeding expectations on certain projects」
Costs exceeding estimates were incurred on some projects during the current fiscal year as well, and this is cited as a factor behind the lower gross margin and decrease in profit. - FY2020-Q3MaterialisedAnnual report
「In addition to costs exceeding expectations on certain projects」
Actual costs exceeded estimates on some projects, and this is cited as a factor behind the decrease in operating profit and other measures. - FY2018MaterialisedAnnual report
「An operating loss of ¥7 million, compared with an operating loss of ¥139 million in the previous fiscal year, was recorded mainly because costs exceeded expectations on certain projects accounted for under the percentage-of-completion method.」
Costs exceeding expectations actually occurred on certain projects and are identified as a factor behind the operating loss. - FY2017-Q3First statedAnnual report
「In terms of profit, the operating loss was ¥127 million, compared with an operating loss of ¥221 million in the same quarter of the previous year, mainly because margins on certain projects fell below expectations.」
The deterioration in project profitability caused by margins on certain projects falling below expectations is identified as an actual factor behind the operating loss.