Risk of damages arising from building defects and deficiencies
First written in FY2016. 17 of 18 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if defects or other deficiencies arising from design or construction problems occur within a certain period after completion of a building, costs such as damages may be incurred as liability for losses caused by those deficiencies, including indirect losses. This could affect the Group’s operating results.」
The risk of costs for damages claims arising from design or construction defects or deficiencies continues to be disclosed. - FY2022RestatedAnnual report
「The Group has independently established its own Standard Specifications, Quality Control Standards and After-Sales Service Standards, and works to build high-quality homes by inspecting and verifying key points at each site throughout the various stages from design through construction and completion.」
The quality control policy based on Standard Specifications, Quality Control Standards, After-Sales Service Standards, and inspections and verifications at each stage continues. - FY2021RestatedAnnual report
「However, if defects or other deficiencies arising from design or construction problems occur within a certain period after completion of a building, costs such as damages may be incurred as liability for losses caused by those deficiencies, including indirect losses. This could affect the Group’s operating results.」
The risk of costs for damages claims arising from design or construction defects or deficiencies continues to be disclosed. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The treatment of the risk of damages claims arising from building defects and deficiencies continues to be that there have been no material changes. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The treatment of the risk of damages claims arising from building defects and deficiencies continues to be that there have been no material changes. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2019RestatedAnnual report
「The Group has independently established its own Standard Specifications, Quality Control Standards and After-Sales Service Standards, and works to build high-quality homes by inspecting and verifying key points at each site throughout the various stages from design through construction and completion.」
The disclosure continues to describe the quality control policy, including quality and after-sales service standards and inspections at each stage, as well as the risk of damages claims if defects occur. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2017-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2017-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, 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.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified regarding the risk of damages claims arising from building defects and deficiencies. - FY2016First statedAnnual report
「However, if defects or other deficiencies arising from design or construction problems occur within a certain period after completion of a building, costs such as damages may be incurred as liability for losses caused by those deficiencies, including indirect losses.」
The costs of damages claims and other liabilities arising from design or construction defects or deficiencies are identified as a risk.