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.
The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- 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. - 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. - 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. - 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.