Revenue timing shifts caused by changes in development schedules
First written in FY2025. 6 of 14 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-10-15.
Forcia moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2027-H1MitigatedAnnual report
「In addition, following a review of the timing of revenue recognition in the previous fiscal year's financial results, delivery and customer acceptance were completed during the interim accounting period for certain large-scale projects for which the Company decided to recognize revenue when accepted by the customer, and the related revenue was recognized.」
For certain large-scale projects that were deferred from the previous fiscal year to the following fiscal year, delivery, customer acceptance and revenue recognition were completed during the interim accounting period. - FY2026MaterialisedAnnual report
「We concluded that revenue from certain large projects based on their progress during the current fiscal year should appropriately be recognized when the customer accepted the work in the following fiscal year.」
Because of the timing of customer acceptance for large projects, some revenue scheduled for recognition in the current fiscal year was pushed into the following fiscal year, actually resulting in lower revenue and profit. - FY2026-H1MaterialisedAnnual report
「Initial development revenue fell below the same period of the previous year, partly because development on certain projects did not begin until the second half or later, delaying revenue recognition based on progress.」
The company actually experienced a delay in recognizing initial development revenue because the start of development was pushed back. - FY2025First statedAnnual report
「In development using the "Spook" search technology platform, which is the company's primary offering, and in the initial development of web connect, delivery dates may change due to changes in development timing caused by customers or specification changes after orders are received. As a result, revenue and profit recognition may shift to the following quarter or fiscal year.」
The company discloses the risk of quarterly or annual fluctuations in results caused by changes in customers' development schedules and specifications.