Soaring Construction Costs in Redevelopment
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2022: 12 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The group will proceed with the project after assuming higher construction costs and other factors and making every effort to control costs, but if unforeseen circumstances affect future plans, this could affect the group's operating results and financial position.」
The risks of higher construction costs and other factors related to the Bancho redevelopment, as well as the cost-control policy, are reiterated. - FY2017RestatedAnnual report
「If soaring construction costs associated with earthquake reconstruction and the 2020 Tokyo Olympic and Paralympic Games, among other factors, affect the Kojimachi redevelopment project, this could affect the group's operating results and financial position.」
The risk of soaring construction costs in the redevelopment is reiterated. - FY2016First statedAnnual report
「If soaring construction costs associated with earthquake reconstruction and the 2020 Tokyo Olympic and Paralympic Games, among other factors, affect the Kojimachi redevelopment project, this could affect the group's operating results and financial position.」
The disclosure indicates that higher construction costs resulting from earthquake reconstruction, the Tokyo Olympics and other factors could affect the redevelopment's operating results and financial position.