Seasonality of earnings and delayed customer acceptance
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Customer acceptance of these system development projects tends to be concentrated in September and March for reasons attributable to customers. Accordingly, if acceptance is delayed for any reason, the timing of revenue recognition could shift to the following fiscal year, adversely affecting the group's performance.」
The risk of customer acceptance being concentrated in September and March and delays in acceptance shifting the timing of revenue recognition continues. - FY2019RestatedAnnual report
「Customer acceptance of these system development projects tends to be concentrated in September and March for reasons attributable to customers. Accordingly, if acceptance is delayed for any reason, the timing of revenue recognition could shift to the following fiscal year, adversely affecting the group's performance.」
The risk of customer acceptance being concentrated in September and March and delays in acceptance shifting the timing of revenue recognition has been reiterated. - FY2018First statedAnnual report
「Customer acceptance of these system development projects tends to be concentrated in September and March for reasons attributable to customers. Accordingly, if acceptance is delayed for any reason, the timing of revenue recognition could shift to the following fiscal year, adversely affecting the group's performance.」
The concentration of customer acceptance in September and March and the risk that delays could defer revenue recognition are identified.