Unexpected deterioration in profitability on overseas plant projects
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of deteriorating profitability due to specification changes, additional construction, deterioration in suppliers’ financial condition and delivery delays on overseas plant projects. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of deteriorating profitability due to specification changes, additional construction, deterioration in suppliers’ financial condition and delivery delays on overseas plant projects. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of deteriorating profitability due to specification changes, additional construction, deterioration in suppliers’ financial condition and delivery delays on overseas plant projects. - FY2020-Q2MaterialisedAnnual report
「Revenue increased mainly in the water infrastructure field due to the recognition of revenue from projects whose construction schedules had been postponed at the end of the previous fiscal year. Profit also increased year on year because costs deteriorated on overseas private-sector projects in the previous corresponding period.」
The company disclosed that deterioration in costs on overseas private-sector projects had actually occurred in the previous corresponding period. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of deteriorating profitability due to specification changes, additional construction, deterioration in suppliers’ financial condition and delivery delays on overseas plant projects. - FY2019First statedAnnual report
「Although we are considering measures in advance to address the risks of specification changes, additional construction, deterioration in the financial condition of subcontractors and suppliers, and delivery delays, these factors may result in higher costs and penalties due to delays in the construction schedule.」
For overseas plant projects, risks relating to higher costs and penalties arising from specification changes, additional construction, deterioration in the financial condition of subcontractors and suppliers, and delivery delays were identified individually for the first time.