Uncertainty in Estimates for Revenue Recognition under the Percentage-of-Completion Method
First written in FY2021. 11 of 12 entries say "Restated". Latest entry: 2026-09-03.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- 2026-09-03RestatedGeneral Meetings of Shareholders
「As these estimates involve uncertainty, they may affect the operating results and other matters of the next consolidated fiscal year.」
The disclosure continued to describe uncertainty in estimates of total construction costs and the degree of progress, as well as the response of reflecting these estimates in execution budgets. - FY2025RestatedAnnual report
「Construction contracts are highly individualized, and conditions not initially anticipated may change during the course of construction, or the terms of a construction contract may be modified. Accordingly, when reviewing the total estimated construction costs underlying revenue recognition based on satisfaction of performance obligations over a period of time, the Company promptly collects information on the work required to complete the construction and the associated man-hours, and appropriately reflects this information in its operating budgets and other plans as necessary. However, these estimates involve uncertainty and may affect operating results and other matters in the following consolidated fiscal year.」
Continued to disclose the risk that uncertainty in estimates of total construction costs and degree of completion may affect operating results and other matters in the following fiscal year, together with the response of reflecting updated estimates in operating budgets. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in estimates relating to the percentage-of-completion method and revenue recognition over a period of time. - FY2024RestatedAnnual report
「Construction contracts are highly individualized, and conditions not initially anticipated may change during the course of construction, or the terms of a construction contract may be modified. Accordingly, when reviewing the total estimated construction costs underlying revenue recognition based on satisfaction of performance obligations over a period of time, the Company promptly collects information on the work required to complete the construction and the associated man-hours, and appropriately reflects this information in its operating budgets and other plans as necessary. However, these estimates involve uncertainty and may affect operating results and other matters in the following consolidated fiscal year.」
Continued to disclose the risk that uncertainty in estimates of total construction costs and degree of completion may affect operating results and other matters in the following fiscal year, together with the response of reflecting updated estimates in operating budgets. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there were no material changes to existing risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Stated that there were no material changes to existing business risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Stated that there were no material changes to existing business risks, including uncertainty in revenue recognition estimates under the percentage-of-completion method. - FY2021First statedAnnual report
「Construction contracts are highly individualized, and conditions not initially anticipated may change during the course of construction, or the terms of a construction contract may be modified. Accordingly, when reviewing the total estimated construction costs underlying revenue recognition under the percentage-of-completion method, the Company promptly collects information on the work required to complete the construction and the associated man-hours, and appropriately reflects this information in its operating budgets and other plans as necessary. However, these estimates involve uncertainty and may affect operating results and other matters in the following fiscal year.」
Newly detailed the risk that uncertainty in estimates of total construction costs, degree of completion and other factors used under the percentage-of-completion method may affect operating results and other matters in the following fiscal year.