Estimation Errors, Cost Fluctuations and Termination of Long-Term Construction Contracts
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2024: 9 of 63 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「Revenue recognition under long-term contracts requires significant assumptions regarding estimated total costs, the remaining costs to completion, estimated total contract revenue, contract-related risks and other factors, but there is no guarantee that these estimates will be accurate.」
The Company continues to disclose uncertainties relating to estimates, cost fluctuations, forecast losses and contract termination for long-term construction contracts. - FY2016First statedAnnual report
「Revenue recognition under long-term contracts requires significant assumptions regarding estimated total costs, the remaining costs to completion, estimated total contract revenue, contract-related risks and other factors, but there is no guarantee that these estimates will be accurate.」
For long-term contracts accounted for using the percentage-of-completion method, the disclosure describes estimation uncertainty, cost fluctuations and the possibility of losses resulting from contract termination.