Technical Issues and Settlement in a Large Railcar Project for the U.S. Market
First written in FY2018-Q2. 13 of 14 entries say "Restated". Latest entry: FY2025-H1.
0 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2024-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2023-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2022-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2022-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2021-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2020-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2020-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2019-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2019-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2019-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material change in the existing issues concerning the major U.S. railcar manufacturing project. - FY2018RestatedAnnual report
「In addition, with respect to the major railcar manufacturing project for the U.S. ordered by NIPPON SHARYO,LTD. in November 2012, technical issues made it difficult to complete the project as scheduled, so another railcar manufacturer undertook the manufacturing. In November of last year, NIPPON SHARYO,LTD. entered into a settlement agreement with SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) and others, the direct recipients of the order for this project, to bring the matter to a final resolution.」
The filing continues to describe the technical issues in the major U.S. railcar manufacturing project, manufacturing by another manufacturer and the settlement agreement. - FY2018-Q3RestatedAnnual report
「In addition, with respect to the major railcar manufacturing project for the U.S. ordered by NIPPON SHARYO,LTD. in November 2012, technical issues made it difficult to complete the project as scheduled, so another railcar manufacturer undertook the manufacturing. In November of last year, NIPPON SHARYO,LTD. entered into a settlement agreement with SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) and others, the direct recipients of the order for this project, to bring the matter to a final resolution.」
The filing continues to describe the technical issues in the major U.S. railcar manufacturing project, manufacturing by another manufacturer, the settlement agreement and recognition of the settlement payment. - FY2018-Q2MaterialisedAnnual report
「NIPPON SHARYO,LTD. received an order in November 2012 for a major railcar manufacturing project for the U.S. As technical issues made it difficult to complete the project as scheduled, another railcar manufacturer undertook the manufacturing. In November of this year, NIPPON SHARYO,LTD. entered into a settlement agreement with SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) and others, the direct recipients of the order for this project, to bring the matter to a final resolution. Settlement payment related to the railcar manufacturing business: ¥26,445 million」
Technical issues arose in a major U.S. railcar manufacturing project, leading to manufacturing by another manufacturer and the execution of a settlement agreement. The resulting ¥26,445 million settlement payment related to the railcar manufacturing business was recorded as an extraordinary loss.