Uncertainty in Progress-Based Revenue Recognition and Cost Estimates for Contract Work
First written in FY2022. 1 of 2 entries say "Worsened", first in FY2023. Latest entry: FY2023.
Cds moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「進捗度に応じた請負契約の売上高 709,048千円 1,367,154千円」
進捗度に応じた請負契約の売上高が709,048千円から1,367,154千円へ増加し、原価総額・工数見積り変更による将来業績への影響可能性を継続して記載している。 - FY2022First statedAnnual report
「Revenue from contract work recognized based on progress: ¥709,048 thousand There is uncertainty in estimating the work content and labor hours for contract work involving deliverables with no precedent or contracts of significant value. If estimates must be revised because unforeseen costs arise, this could affect the financial position and operating results of the following consolidated fiscal year.」
Recognized ¥709,048 thousand in revenue from ongoing contract work and disclosed the potential impact on the following year's financial position and operating results from changes in estimates of work content, labor hours, and total costs.