Defective Large-Format Tile Work and Replacement Costs
First written in FY2016-Q3. 2 of 4 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2017-Q3.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「In addition, no substantial provision for losses related to tile replacement work, for which approximately ¥83 million was recorded in the previous year, arose during the nine-month consolidated cumulative period.」
The company reconfirmed that no provision for losses of approximately ¥83 million related to tile replacement work arose during the nine-month consolidated cumulative period. - FY2017-Q2MitigatedAnnual report
「In addition, no substantial provision for losses related to tile replacement work, for which approximately ¥83 million was recorded in the previous year, arose during the current quarter.」
The company reconfirmed that no provision for losses of approximately ¥83 million related to tile replacement work recorded in the previous year arose during the current quarter. The disclosure did not state that the issue had been fully resolved. - FY2017-Q1MitigatedAnnual report
「In addition, no substantial provision for losses related to tile replacement work, for which approximately ¥83 million was recorded in the previous year, arose during the current quarter.」
It was noted that no substantial provision for losses related to the tile replacement work recorded in the previous year arose during the current quarter. However, the disclosure did not state that the issue had been fully resolved. - FY2016-Q3MaterialisedAnnual report
「Revenue and profit fell below the previous year because substantial costs related to replacement work and other measures were recorded after defective work occurred on a large-scale tile project completed before the previous fiscal year. However, the company secured an operating profit as ongoing projects were completed and progressed steadily. The amount recorded for replacement costs related to the defective work was approximately ¥83 million, recorded at the upper limit of the amount that can currently be estimated.」
Defective work actually occurred, and approximately ¥83 million in replacement costs was recorded at the upper end of the amount currently estimable.