Fluctuations in the Recognition of Completed Construction Revenue Due to Larger, Longer-Term Projects
First written in FY2017-Q1. 12 of 35 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2027-H1.
0 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In the interim consolidated accounting period, in addition to the construction of large-scale projects, which had been progressing ahead of the previous consolidated fiscal year, continuing to progress ahead of plan during the interim period,」
Construction of large-scale projects, which had been progressing from the previous fiscal year, continued to run ahead of plan. A decline in performance due to the progress of construction work and the timing of revenue recognition is not identified as a major factor in the deterioration during the interim period. - FY2026-H1MaterialisedAnnual report
「During the interim consolidated accounting period, the Company focused on closing out several large-scale projects ordered in the previous consolidated fiscal year and earlier and preparing completion reports. In addition, although it conducted sales activities under a policy of selectively accepting projects with high gross profit margins, it missed opportunities to win large-scale projects because the systems needed for selective order acceptance were not sufficiently established.」
The Company explicitly cited its focus on post-completion processing for several large-scale projects and missed opportunities to win large-scale projects due to insufficient systems for selective order acceptance as factors behind the decline in net sales for the interim period. - FY2025MitigatedAnnual report
「As plant dismantling construction progressed strongly, supported by a substantial order backlog including long-term large projects awarded in the previous consolidated fiscal year, a favorable order environment and an enhanced organizational structure resulting from successful recruitment, revenue was ¥10,897.474 million, up 16.0% year on year.」
Construction progressed strongly throughout the year against the backdrop of an order backlog of long-term large projects, resulting in a 16.0% year-on-year increase in revenue. Fluctuations in revenue recognition due to shifts in construction timing were not identified as a major deterioration factor for the year. - FY2025-H1AdvancedAnnual report
「Against this backdrop, with respect to results for the current interim consolidated accounting period, construction progressed strongly on some of the large projects awarded in the previous consolidated fiscal year, resulting in revenue of ¥5,767.667 million, up 73.3% year on year.」
Construction progressed strongly on large projects awarded in the previous consolidated fiscal year, resulting in revenue of ¥5,767.667 million, up 73.3% year on year. No adverse impact from construction progress or revenue recognition timing is indicated in the explanation of results for the interim period. - FY2025-Q1MitigatedAnnual report
「As construction progressed strongly on large projects awarded in the previous consolidated fiscal year during the cumulative first-quarter consolidated period, revenue was ¥2,958.935 million, up 92.4% year on year.」
Construction progressed strongly on large projects awarded in the previous consolidated fiscal year, resulting in a 92.4% year-on-year increase in revenue. No adverse impact from construction progress or revenue recognition timing is indicated in the explanation of results for the quarter. - FY2024-Q3MitigatedAnnual report
「As orders and inquiries for new large construction projects remained strong, construction starts for projects already awarded were concentrated from the second quarter of the consolidated accounting period onward. In addition, business synergies with Oda Corporation and TOKＥN Co., Ltd., which had newly joined the BESTERRA Group, resulted in revenue of ¥5,862.431 million, up 51.7% year on year. In terms of profit, although some projects were awarded at low margins and provisions for construction losses were recorded, large projects that began from the second quarter accounting period onward pushed up profit, resulting in operating profit of ¥100.990 million, up 1,262.9%.」
Although the concentration of construction starts continued, large projects began from the second quarter onward, pushing up revenue and operating profit. The adverse impact of fluctuations in revenue recognition due to the timing of construction starts, described through the previous quarter, is presented as having eased during the cumulative quarter. - FY2024-Q2RestatedAnnual report
「As orders and inquiries for new large construction projects remained strong, construction starts for projects already awarded were concentrated from the second quarter of the consolidated accounting period onward, resulting in revenue of ¥3,328.932 million, up 31.4% year on year.」
The company states that orders and inquiries for large construction projects were strong, while construction starts were concentrated from the second quarter onward. Although fluctuations in revenue recognition due to the timing of construction starts continued, cumulative revenue increased 31.4% year on year. - FY2024-Q1MaterialisedAnnual report
「Although orders and inquiries for new large construction projects remained strong, the start of construction on projects already awarded was expected to be concentrated from the second quarter of the consolidated accounting period onward, resulting in revenue of ¥1,537.722 million, down 8.6% year on year.」
While orders and inquiries for large construction projects were strong, construction starts were expected to be concentrated from the second quarter onward, resulting in an 8.6% year-on-year decline in revenue. The impact of fluctuations in revenue recognition due to the concentration of construction starts actually emerged in results. - FY2023MaterialisedAnnual report
「Because the start of construction during the current period became difficult for a large dismantling project that had been scheduled to be awarded and started, due to an extension of the plan and other factors, revenue was ¥5,458.728 million, down 8.5% from the previous consolidated fiscal year.」
The start of construction on the large dismantling project was delayed due to an extension of the plan, and the shift in construction timing actually emerged as a decline in revenue from completed construction contracts and revenue. - FY2023-Q3RestatedAnnual report
「Against this backdrop, with respect to results for the cumulative third-quarter consolidated period, the large dismantling project that began construction in the previous consolidated fiscal year progressed smoothly, and the status of orders received and construction starts also remained firm during the current period,」
The company continues to explain that the large dismantling project is progressing smoothly and that orders received and construction starts remain firm. It does not state that fluctuations in revenue recognition due to construction progress or completion timing emerged as a deterioration factor during the quarter. - FY2023-Q2RestatedAnnual report
「The large dismantling project that began construction in the previous consolidated fiscal year progressed smoothly, and the status of orders received and construction starts also remained firm during the current period,」
The company continues to explain that the large dismantling project is progressing smoothly and that orders received and construction starts remain firm. Revenue from the plant dismantling business was ¥2,423.365 million, up 9.3% year on year. - FY2023-Q1MitigatedAnnual report
「The large dismantling project that began construction in the previous consolidated fiscal year progressed smoothly, and the status of orders received and construction starts also remained firm during the current period,」
The company states that the large dismantling project progressed smoothly and that orders received and construction starts also remained firm. The risk of fluctuations in revenue recognition due to construction progress and completion timing did not emerge as a deterioration factor during the quarter. - FY2022MitigatedAnnual report
「As scrap prices rose sharply and construction progressed smoothly on projects subject to the percentage-of-completion method, revenue was ¥5,966.882 million, up 62.0% from the previous consolidated fiscal year.」
Construction progressed smoothly on projects subject to the percentage-of-completion method, and revenue also increased 62.0% year on year. The risk of fluctuations in revenue recognition due to construction completion timing and progress did not emerge as a deterioration factor in the explanation of results for the current consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「As scrap prices rose sharply and construction progressed smoothly on projects subject to the percentage-of-completion method, revenue was ¥3,655.717 million, up 41.5% year on year.」
The company explains that construction progressed smoothly on projects subject to the percentage-of-completion method, resulting in a 41.5% year-on-year increase in revenue. No adverse impact from construction progress or completion timing is indicated in the explanation of results for the quarter. - FY2022-Q2MitigatedAnnual report
「As scrap prices rose sharply and construction progressed smoothly on projects subject to the percentage-of-completion method, revenue was ¥2,335.510 million, up 42.7% year on year.」
As construction progressed smoothly on projects subject to the percentage-of-completion method and revenue increased 42.7% year on year, the adverse impact of construction completion timing and fluctuations in revenue recognition did not materialize during the quarter. - FY2022-Q1MitigatedAnnual report
「Although COVID-19 infections have occasionally been identified at specific construction sites, there have been no work stoppages or substantial construction delays to date. We are carrying out construction after taking the utmost measures to prevent infections among personnel involved in construction and to contain infections at an early stage when they occur.」
Although infections have occasionally been identified at specific sites, the company explains that it has continued construction without work stoppages or substantial delays, while implementing infection-prevention measures and early containment. - FY2021MaterialisedAnnual report
「Although plans for dismantling projects that had been awarded and were scheduled to start during the current consolidated fiscal year were extended due to the impact of COVID-19, consolidated revenue was ¥3,682.864 million, up 7.2% from the previous consolidated fiscal year, owing mainly to the smooth progress of construction on projects applying the percentage-of-completion method.」
While extensions to the plans for projects scheduled to be awarded and started occurred, progress on projects applying the percentage-of-completion method was smooth, and revenue increased 7.2% year on year. - FY2021-Q3MaterialisedAnnual report
「Although construction progressed smoothly on projects subject to the percentage-of-completion method, the number of projects completed during the cumulative third-quarter consolidated period declined, resulting in revenue of ¥2,582.956 million, down 2.2% year on year.」
While construction on projects subject to the percentage-of-completion method progressed smoothly, the decline in completed construction projects resulted in a 2.2% year-on-year decrease in revenue, and the impact of construction completion timing and fluctuations in revenue recognition actually emerged. - FY2021-Q2MaterialisedAnnual report
「Against this backdrop, with respect to results for the cumulative second-quarter consolidated period, construction progressed smoothly on projects subject to the percentage-of-completion method, but the number of projects completed during the cumulative second-quarter consolidated period declined. As a result, revenue was ¥1,636.643 million, down 14.2% year on year.」
While construction on projects subject to the percentage-of-completion method progressed smoothly, the decline in completed construction projects resulted in a 14.2% year-on-year decrease in revenue, and the impact of construction completion timing and fluctuations in revenue recognition actually emerged during the quarter. - FY2021-Q1MaterialisedAnnual report
「Although construction progressed smoothly on projects subject to the percentage-of-completion method, the number of projects completed during the cumulative first-quarter consolidated period declined, resulting in revenue of ¥901.562 million, down 19.1% year on year.」
While construction on projects subject to the percentage-of-completion method progressed smoothly, the decline in completed projects resulted in a 19.1% year-on-year decrease in revenue, and the impact of construction completion timing and fluctuations in revenue recognition actually emerged during the quarter. - FY2020MaterialisedAnnual report
「Because a large dismantling project that had been awarded and was scheduled to start during the current consolidated fiscal year was postponed to the following fiscal year due to an extension of the plan and other factors, consolidated revenue was ¥3,436.154 million, down 30.3% year on year.」
The planned award and start of construction for a large dismantling project were pushed into the following fiscal year due to an extension of the plan, and the impact of the shift in construction timing actually emerged as a decline in revenue from completed construction contracts and revenue. - FY2020-Q3RestatedAnnual report
「Although construction progressed smoothly on projects subject to the percentage-of-completion method for which orders had already been received,」
The company states that construction on projects subject to the percentage-of-completion method for which orders had already been received progressed smoothly, providing an explanation of construction progress and revenue recognition consistent with the previous period. - FY2020-Q1RestatedAnnual report
「As construction progressed smoothly on projects subject to the percentage-of-completion method, revenue was ¥1,114.314 million, up 5.9% year on year.」
The company explains that construction progressed smoothly on projects subject to the percentage-of-completion method, resulting in revenue growth of 5.9% year on year. It does not state that fluctuations in revenue recognition due to the progress of large projects emerged as a deterioration factor during the quarter. - FY2019MaterialisedAnnual report
「This was mainly because revenue fell short of the plan due to factors including extensions to the construction periods of projects originally scheduled for completion and delays in starting construction following customers' reviews of their orders, although」
The company explains that construction periods for projects originally scheduled for completion were extended and construction starts were delayed following customers' reviews of their orders, resulting in actual revenue of ¥4,927.436 million against planned revenue of ¥5,100.000 million. - FY2019-Q3RestatedAnnual report
「Against this backdrop, as construction progressed smoothly on large projects subject to the percentage-of-completion method, revenue for the cumulative third-quarter consolidated period was ¥3,252.688 million.」
The company explains that construction progressed smoothly on large projects subject to the percentage-of-completion method, resulting in revenue of ¥3,252.688 million. As in the previous period, fluctuations in revenue recognition due to construction progress did not emerge as a deterioration factor. - FY2019-Q2RestatedAnnual report
「As construction progressed smoothly on large projects subject to the percentage-of-completion method, revenue for the cumulative second-quarter consolidated period was ¥2,110.872 million.」
The company explains that construction progressed smoothly on large projects subject to the percentage-of-completion method, resulting in revenue of ¥2,110.872 million. As in the previous period, fluctuations in revenue recognition due to the progress of large projects did not emerge as a deterioration factor. - FY2019-Q1RestatedAnnual report
「As construction progressed smoothly on large projects subject to the percentage-of-completion method, revenue for the cumulative first-quarter consolidated period was ¥1,052.335 million.」
The company explains that construction progressed smoothly on large projects subject to the percentage-of-completion method, resulting in revenue of ¥1,052.335 million. This is consistent with the previous explanation that construction completions progressed steadily. - FY2018-Q3RestatedAnnual report
「Against this backdrop, results for the cumulative third-quarter period were as follows: construction completions progressed steadily, resulting in revenue of ¥2,920.970 million for the cumulative third-quarter period, up 10.3% year on year.」
The company explains that construction completions continued to progress steadily from the previous quarter, and the impact of fluctuations in revenue recognition due to the timing of construction completion did not emerge as a deterioration factor this time either. - FY2018-Q2MitigatedAnnual report
「Against this backdrop, results for the cumulative second-quarter period were as follows: construction completions progressed steadily, resulting in revenue of ¥2,140.829 million for the cumulative second-quarter period, up 12.3% year on year.」
Compared with the previous decline in revenue from completed construction contracts due to extensions of completion dates for large construction projects and other factors, this time the company states that construction completions progressed steadily and revenue increased 12.3% year on year. - FY2018-Q1MaterialisedAnnual report
「Against this backdrop, results for the cumulative first-quarter period were as follows: because the completion dates for large construction projects were extended and the start dates for construction on projects subject to the percentage-of-completion method were delayed, revenue from completed construction contracts recognized in the first quarter accounting period declined. As a result, revenue for the cumulative first-quarter period was ¥843.107 million, down 5.9% year on year. Profit also declined as a result of the decrease in revenue from completed construction contracts recognized in the first quarter accounting period. Operating profit was ¥65.734 million, down 27.0%, ordinary profit was ¥67.176 million, down 26.7%, and net profit for the quarter was ¥43.956 million, down 26.3%.」
The company explains that the completion dates for large construction projects were actually extended and the start dates for construction on projects subject to the percentage-of-completion method were delayed, resulting in year-on-year declines in revenue and profit through a decrease in revenue from completed construction contracts. - FY2017MaterialisedAnnual report
「Although completion of some construction projects was carried forward to the following fiscal year, the company was supported by solid demand for plant dismantling work,」
A shift in the timing of construction completion actually occurred, with completion of some projects carried forward to the following fiscal year. - FY2017-Q2MitigatedAnnual report
「Against this backdrop, results for the cumulative second-quarter period were as follows: revenue from completed construction progressed steadily, resulting in revenue of ¥1,906.191 million for the cumulative second-quarter period, up 2.0% year on year.」
Compared with the previous quarter, when revenue from completed construction declined because projects became larger and longer, this time the company states that construction completions progressed steadily and revenue increased 2.0% year on year. - FY2017-Q1First statedAnnual report
「As construction projects became larger and longer, revenue from completed construction contracts for projects subject to the completed-contract method declined in the first quarter accounting period, resulting in revenue of ¥895.873 million for the cumulative first-quarter period, down 30.2% year on year. Profit also declined as a result of the decrease in revenue from completed construction contracts recognized in the first quarter accounting period. Operating profit was ¥90.000 million, down 63.8%, ordinary profit was ¥91.604 million, down 63.4%, and net profit for the quarter was ¥59.630 million, down 61.9%.」
The company explains that revenue from completed construction contracts declined during the quarter as projects became larger and longer, resulting in year-on-year declines in revenue, operating profit, ordinary profit and net profit for the quarter.