Risk of Dependence on Subcontractors
First written in FY2016. 20 of 22 entries say "Restated". Latest entry: FY2026.
Cosmos Initia moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The risk of a decline in the number of general contractors available for orders, declining construction quality, suspension of business dealings due to bankruptcy or closure, delays or suspension of real estate development projects resulting from these factors, and inability to collect accounts receivable and other amounts due from business partners」
The risk of dependence on subcontractors was further specified to include a shortage of general contractors, declining construction quality, bankruptcy or closure, delays or suspension of development projects, and inability to collect receivables. - FY2025RestatedAnnual report
「We will seek to minimize the occurrence and impact of the above risks by avoiding greater dependence on any particular company, placing orders with subcontractors registered following the prescribed screening process, and building good business relationships on an ongoing basis.」
The policy of mitigating risks by avoiding dependence on subcontractors and through screening, managing suppliers and building business relationships continues. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2024RestatedAnnual report
「We will seek to minimize the occurrence and impact of the above risks by avoiding greater dependence on any particular company, placing orders with subcontractors registered following the prescribed screening process, and building good business relationships on an ongoing basis.」
The policy of mitigating risks by avoiding dependence on subcontractors and through screening, managing suppliers and building business relationships continues. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2022RestatedAnnual report
「We will seek to minimize the occurrence and impact of the above risks by avoiding greater dependence on any particular company, placing orders with subcontractors registered following the prescribed screening process, and building good business relationships on an ongoing basis.」
A policy of diversifying suppliers, conducting screening and building business relationships was described to address the risks of subcontractors being unable to continue their businesses and surging material prices. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2019RestatedAnnual report
「If an unforeseen event occurs, such as a subcontractor becoming unable to continue its business due to unexpectedly poor performance or an accident, alternative measures may result in additional costs and service provision may be delayed. This could affect the performance of our group.」
The risks of additional costs and service delays resulting from subcontractors being unable to continue their businesses remain in place. - FY2018RestatedAnnual report
「If an unforeseen event occurs, such as a subcontractor becoming unable to continue its business due to unexpectedly poor performance or an accident, alternative measures may result in additional costs and service provision may be delayed. This could affect the performance of our group.」
The risks of additional costs and service delays resulting from subcontractors being unable to continue their businesses remain in place. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2017RestatedAnnual report
「If an unforeseen event occurs, such as a subcontractor becoming unable to continue its business due to unexpectedly poor performance or an accident, alternative measures may result in additional costs and service provision may be delayed. This could affect the performance of our group.」
The risks of additional costs and service delays resulting from subcontractors being unable to continue their businesses remain in place. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of dependence on subcontractors. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It explicitly states that there have been no material changes in the risk of dependence on subcontractors. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It explicitly states that there have been no material changes in the risk of dependence on subcontractors. - FY2016First statedAnnual report
「However, if an unforeseen event occurs, such as a subcontractor becoming unable to continue its business due to unexpectedly poor performance or an accident, alternative measures may result in additional costs and service provision may be delayed. This could affect the performance of our group.」
The inability of subcontractors commissioned for detached-house construction, model-room construction and similar work to continue their businesses is identified as a risk.