Additional Costs and Construction Loss Risk on Awarded Projects
First written in FY2017. 22 of 32 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-07-29.
Oi Electric moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
19 other companies' latest entry also says "Worsened".
- 2026-07-29WorsenedEarnings
「Provision for losses on construction contracts 507,151 605,432」
The balance of the provision for losses on construction contracts increased from ¥507.151 million at the end of the previous fiscal year to ¥605.432 million. - FY2026WorsenedAnnual report
「Provision for losses on construction contracts 358,708 507,151」
The balance of the provision for contract losses increased from ¥358.708 million at the end of the previous fiscal year to ¥507.151 million, increasing the loss risk related to contracted projects. - 2026-05-15WorsenedEarnings
「Provision for losses on construction contracts 358,708 507,151」
The balance of the provision for losses on construction contracts increased from ¥358.708 million at the end of the previous fiscal year to ¥507.151 million. - FY2026-H1MitigatedAnnual report
「Provision for contract losses 358,708 303,729」
The balance of the provision for contract losses decreased from ¥358.708 million at the end of the previous fiscal year to ¥303.729 million, reducing the provision for additional costs and contract loss risks related to contracted projects. - FY2025WorsenedAnnual report
「Provision for contract losses 315,562 358,708」
The balance of the provision for contract losses increased from ¥315.562 million at the end of the previous fiscal year to ¥358.708 million, increasing the provision for contract loss risks. - FY2025-H1MitigatedAnnual report
「Change in provision for contract losses (△ indicates a decrease) 12,107 △21,241」
The balance of the provision for contract losses decreased from ¥315.562 million at the end of the previous fiscal year to ¥294.32 million, reducing the provision for additional costs and contract loss risks. - FY2024MitigatedAnnual report
「Provision expense for contract losses included in cost of sales (△ indicates a reversal of the provision for contract losses) / 195,452 thousand yen / △59,565 thousand yen」
The balance of the provision for contract losses decreased from ¥375.128 million to ¥315.562 million, and a reversal of ¥59.565 million was recorded during the period. - FY2024-Q3WorsenedAnnual report
「This was mainly due to a ¥290 million decrease in the provision for bonuses and a ¥254 million decrease in accounts payable, despite a ¥690 million increase in other current liabilities and a ¥167 million increase in the provision for contract losses.」
The provision for contract losses increased by ¥167 million from the end of the previous consolidated fiscal year, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2024-Q2WorsenedAnnual report
「Provision for contract losses 375,128 387,235」
The balance of the provision for contract losses increased from ¥375.128 million at the end of the previous consolidated fiscal year to ¥387.235 million, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2023-Q3MitigatedAnnual report
「Provision for contract losses 179,675 198,759」
The balance of the provision for contract losses increased from ¥179.675 million at the end of the previous consolidated fiscal year to ¥198.759 million, but decreased from ¥209.520 million at the end of the previous quarter. - FY2023-Q2WorsenedAnnual report
「Provision for contract losses 179,675 209,520」
The balance of the provision for contract losses increased from ¥179.675 million at the end of the previous consolidated fiscal year to ¥209.520 million, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2023-Q1MitigatedAnnual report
「Provision for contract losses 179,675 176,508」
The balance of the provision for contract losses decreased from ¥179.675 million at the end of the previous consolidated fiscal year to ¥176.508 million. - FY2022MitigatedAnnual report
「Provision for contract losses 180,477 179,675 / Provision expense for contract losses included in cost of sales 189,197 thousand yen」
The balance of the provision for contract losses decreased slightly from ¥180.477 million at the end of the previous fiscal year to ¥179.675 million, although a provision expense of ¥189.197 million was also recorded during the period. - FY2022-Q3WorsenedAnnual report
「Provision for contract losses 180,477 232,849」
The balance of the provision for contract losses increased from ¥180.477 million at the end of the previous consolidated fiscal year to ¥232.849 million at the end of the third quarter, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2022-Q2WorsenedAnnual report
「Provision for contract losses 180,477 220,552」
The balance of the provision for contract losses increased from ¥180.477 million at the end of the previous consolidated fiscal year to ¥220.552 million at the end of the second quarter, and the provision for additional costs and contract loss risks increased by ¥40.075 million. - FY2021MitigatedAnnual report
「Provision for contract losses 1,218,880 180,477」
The balance of the provision for contract losses fell substantially from ¥1,218.880 million at the end of the previous consolidated fiscal year to ¥180.477 million. However, a ¥144.188 million provision expense for contract losses was also recorded during the period. - FY2021-Q3WorsenedAnnual report
「Provision for contract losses 1,218,880 1,264,918」
The balance of the provision for contract losses increased from ¥1,218.880 million at the end of the previous consolidated fiscal year to ¥1,264.918 million, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2021-Q2WorsenedAnnual report
「Provision for contract losses 1,218,880 1,249,403」
The balance of the provision for contract losses increased from ¥1,218.880 million at the end of the previous consolidated fiscal year to ¥1,249.403 million, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2021-Q1WorsenedAnnual report
「Provision for contract losses 1,218,880 1,262,218」
The balance of the provision for contract losses increased by ¥43.338 million from ¥1,218.880 million at the end of the previous consolidated fiscal year to ¥1,262.218 million, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2020WorsenedAnnual report
「Provision for contract losses / 1,069,000 / 1,218,880」
The balance of the provision for contract losses increased from ¥1,069 million at the end of the previous consolidated fiscal year to ¥1,218.88 million, and the loss risk related to contracted projects continued to expand. - FY2020-Q3WorsenedAnnual report
「Provision for contract losses 1,069,000 1,271,979」
The provision for contract losses increased from ¥1,069 million at the end of the previous consolidated fiscal year to ¥1,270.979 million, also increasing from ¥1,216.061 million at the end of the previous quarter. The provision for additional costs and contract loss risks continues to expand. - FY2020-Q2WorsenedAnnual report
「Provision for contract losses 1,069,000 1,216,061」
The provision for contract losses increased from ¥1,069 million at the end of the previous consolidated fiscal year to ¥1,216.061 million at the end of the second quarter, increasing the provision for additional costs and contract loss risks. - FY2020-Q1WorsenedAnnual report
「Provision for contract losses 1,069,000 1,152,531」
The provision for contract losses increased from ¥1,069 million at the end of the previous consolidated fiscal year to ¥1,152 million at the end of the first quarter, increasing the provision for additional costs and contract loss risks related to contracted projects. - FY2019WorsenedAnnual report
「In a new system development project undertaken by the Company, costs are expected to increase substantially due to an extension of the software development period. The estimated future loss of ¥1,015 million has therefore been recorded as a provision for contract losses.」
A provision for contract losses related to a new system development project was recorded, bringing the balance of the provision for contract losses to ¥1,069 million. The provision for additional costs and contract loss risks increased substantially from the end of the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「This was mainly due to a ¥997 million increase in the provision for contract losses, despite a ¥321 million decrease in accounts payable and a ¥372 million decrease in the provision for bonuses.」
The provision for contract losses increased by ¥997 million from the end of the previous consolidated fiscal year, reaching ¥1,118 million at the end of the third quarter. The provision for additional costs and contract loss risks has expanded substantially. - FY2019-Q2WorsenedAnnual report
「This was mainly due to a ¥293 million increase in the provision for contract losses, despite a ¥455 million decrease in accounts payable and a ¥300 million decrease resulting from the repayment of short-term borrowings.」
The provision for contract losses increased by ¥293 million from the end of the previous consolidated fiscal year, bringing the balance at the end of the second quarter to ¥414.413 million. The provision for additional costs and contract loss risks has increased. - FY2019-Q1MitigatedAnnual report
「Provision for contract losses 121,000 116,890」
The provision for contract losses decreased from ¥121 million at the end of the previous consolidated fiscal year to ¥116.89 million at the end of the first quarter. - FY2018WorsenedAnnual report
「This was mainly due to a ¥100 million increase in the provision for contract losses and a ¥189 million decrease in liabilities related to retirement benefits.」
The provision for contract losses increased from ¥21 million at the end of the previous consolidated fiscal year to ¥121 million, confirming an increase in the monetary scale of the additional cost and contract loss risk. - FY2018-Q3MitigatedAnnual report
「Provision for contract losses 21,000 106,084」
Although the provision for contract losses increased from ¥21 million at the end of the previous consolidated fiscal year, it declined to ¥106.084 million at the end of the second quarter from ¥115.185 million. - FY2018-Q2WorsenedAnnual report
「Provision for contract losses 21,000 115,185」
The provision for contract losses increased from ¥21 million at the end of the previous consolidated fiscal year to ¥115.185 million at the end of the second quarter, also rising from ¥103.51 million in FY2018-Q1. - FY2018-Q1WorsenedAnnual report
「Provision for contract losses 21,000 103,513」
The provision for contract losses increased from ¥21 million at the end of the previous consolidated fiscal year to ¥103.51 million at the end of the first quarter. The Company stated that there were no significant changes in the Risks Relating to the Business section. - FY2017First statedAnnual report
「To provide for future losses on construction projects, the Group records an estimated loss as a provision for contract losses for projects in its order backlog that are expected to generate losses and for which the amount can be reasonably estimated. If losses arise from additional costs exceeding initial estimates or other factors that could not have been anticipated, an additional provision may be required.」
The Company recorded a ¥21 million provision for contract losses and disclosed the possibility of an additional provision due to additional costs exceeding estimates as a risk.