Uncertainty in Estimates of Progress Toward Completion and Construction Costs for Road Civil Engineering Projects
First written in FY2023. . Latest entry: FY2026.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
21 other companies' latest entry also says "Other".
- FY2026Update to completed construction revenueAnnual report
「Completed construction revenue recognized for performance obligations satisfied over a period of time in road and civil engineering projects: ¥1,359 million」
Updates completed construction revenue recognized over a period of time for road and civil engineering projects to ¥1,359 million, while continuing to disclose uncertainty in estimated construction costs and progress measurement. - FY2024Update to completed construction revenueAnnual report
「Completed construction revenue recognized for performance obligations satisfied over a period of time in road and civil engineering projects: ¥2,189 million The key assumptions involve a certain degree of uncertainty. Changes in the prices of materials used and labor rates, changes to project designs and specifications, changes to contract amounts and periods, and the occurrence of other unforeseen events, including natural disasters, may cause the estimated total construction costs to be revised as various factors arise during project progress. This may cause the measured percentage of completion to fluctuate and, as a result, may affect completed construction revenue recognized in the following consolidated fiscal year.」
Reconfirms the uncertainty in the progress measurement and estimated construction costs for road and civil engineering projects, and updates completed construction revenue for the fiscal year to ¥2,189 million. - FY2023First statedAnnual report
「Completed construction revenue recognized for performance obligations satisfied over a period of time in road and civil engineering projects: ¥2,818 million The key assumptions involve a certain degree of uncertainty. Changes in the prices of materials used and labor rates, changes to project designs and specifications, changes to contract amounts and periods, and the occurrence of other unforeseen events, including natural disasters, may cause the estimated total construction costs to be revised as various factors arise during project progress. This may cause the measured percentage of completion to fluctuate and, as a result, may affect completed construction revenue recognized in the following consolidated fiscal year.」
Describes the potential impact on the percentage of completion and revenue in the following fiscal year from construction costs, material prices, labor rates, specification changes, contract changes, natural disasters and other factors for completed construction revenue of ¥2,818 million from road and civil engineering projects.