Future Losses Arising from Order Contracts and Related Provision
First written in FY2019. 1 of 3 entries say "Materialised", first in FY2019. Latest entry: FY2021.
7 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「To provide for future losses related to customer contracts, we recognise the amount of losses expected to arise from the following consolidated fiscal year onward when, as of the end of the current fiscal year, future losses are expected and the amount can be reasonably estimated.」
The company has reaffirmed its accounting policy of estimating future losses related to customer contracts and recognising a provision when necessary. - FY2020MitigatedAnnual report
「Allowance for contract losses ¥2.642 million —」
The allowance for contract losses, which stood at ¥2.642 million in the previous fiscal year, was zero in the current fiscal year, indicating that no provision remained for future losses on customer contracts identified in the previous fiscal year. - FY2019MaterialisedAnnual report
「To provide for future losses related to customer contracts, we recognise the amount of losses expected to arise from the following consolidated fiscal year onward when, as of the end of the current fiscal year, future losses are expected and the amount can be reasonably estimated.」
It was confirmed for the first time that an allowance for contract loss of ¥2.642 million was recognised for customer contracts for which future losses were expected at the end of the fiscal year.