Komori
Maruken Lease (9763) · RiskMitigated

Deterioration in Construction Profitability Due to Unforeseeable Ground Conditions

First written in FY2020. 3 of 4 entries say "Mitigated", first in FY2021. Latest entry: FY2025.

4entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2020MitigatedFY2021 – FY20252020: 120202021: 120212022: 120222023: 020232024: 020242025: 12025
Same theme, other companies
Cost, Schedule and Profitability Risk in Construction Contracting ProjectsA theme 34 companies write about · 34 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.

11 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 34 companies compared. The sentences above are computed from all 34.
Full recordFilings, disclosures and news, newest first
  1. FY2025MitigatedAnnual report

    「For each construction site, the Group obtains information such as geological data and appropriately calculates estimated amounts. To prevent delays in collection, it also manages trade receivables by aging, and the Sales and Accounting Office reports the results to the Management Committee.」

    The Group continues to address these risks through estimates based on geological data and aging management of trade receivables.
  2. FY2022MitigatedAnnual report

    「For each construction site, the Group obtains information such as geological data and appropriately calculates estimated amounts. To prevent delays in collection, it also manages trade receivables by aging, and the Sales and Accounting Department reports the results to the Management Committee.」

    The Group continues to address risks related to ground conditions and additional construction costs through estimates based on geological data and aging management of trade receivables.
  3. FY2021MitigatedAnnual report

    「For each construction site, the Group obtains information such as geological data and appropriately calculates estimated amounts. To prevent delays in collection, it also manages trade receivables by aging, and the Sales and Accounting Department reports the results to the Management Committee.」

    In response to the risk of deteriorating profitability due to ground conditions, the Group uses geological data for estimates and manages trade receivables by aging.
  4. FY2020First statedAnnual report

    「Unforeseeable ground settlement or collapse, groundwater inflows, rock strata and other conditions may result in unplanned extensions to construction periods and additional construction costs. If the Group is unable to obtain additional construction contracts from its construction company customers, deterioration in project profitability may affect the Group's operating results and financial position.」

    Unforeseeable conditions in underground construction, including ground settlement or collapse, groundwater and rock strata, and the deterioration in profitability if additional contracts cannot be obtained, are identified as new risks.
Moved together

"Promoting New Strategic Investments" moved the same way as this thread, in the same document, in 3 of its 4 moves.

333322★123456
  1. ★This thread
  2. 1Promoting New Strategic Investments3×
  3. 2Strengthening the Earnings Base of the Core Business3×
  4. 3Building Infrastructure for Sustainable Growth3×
  5. 4Changes in Estimates for Revenue Recognition Under the Percentage-of-Completion Method3×
  6. 5Strengthening Construction Orders Through the Establishment of Maruken Tech Japan2×
  7. 6Improving the Equity Ratio and Reducing Net Interest-Bearing Debt2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Maruken Lease's next results are scheduled for 2026-11-06. Read the earnings preview
News
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