Cost Overruns in Large-Scale Development Projects
First written in FY2025-H1. 2 of 3 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual reportThe cost overruns on the large-scale development project described in the previous filing are no longer directly mentioned in the operating results and risk disclosures of this filing.
- FY2025MaterialisedAnnual report
「Because of cost overruns on a large-scale development project, the increase in work hours allocated to that project and the resulting reduction in hours allocated to other projects, among other factors, led to a slight year-on-year increase in revenue. The direct and indirect effects of the project with cost overruns also substantially reduced operating income and ordinary income.」
The Company states that cost overruns on a large-scale development project also occurred for the full year, affecting the allocation of work hours to other projects as well as operating income and ordinary income. - FY2025-H1MaterialisedAnnual report
「Following cost overruns on a large-scale development project, the Company recorded an operating loss of ¥37.618 million, compared with operating income of ¥127.295 million in the same period of the previous year; an ordinary loss of ¥38.284 million, compared with ordinary income of ¥127.018 million; and an interim net loss attributable to owners of the parent of ¥32.003 million, compared with net income of ¥81.939 million.」
The Company states that actual cost overruns on a large-scale development project led to an operating loss, ordinary loss and interim net loss attributable to owners of the parent for the interim consolidated accounting period.