Seasonal fluctuations in business performance due to the concentration or dispersion of acceptance timing
First written in FY2016. 4 of 7 entries say "Materialised", first in FY2017. Latest entry: FY2021-Q3.
Software Service moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「Some projects have also experienced delays in commencing operations due to the impact of COVID-19. However, investment sentiment among medical institutions has not deteriorated, and the impact remains limited at this time.」
Delays in commencing operations for some projects due to the impact of COVID-19 continued to be disclosed. However, investment sentiment among medical institutions remained firm, and the impact was described as limited at this time. - FY2021-Q2MaterialisedAnnual report
「Some projects have also experienced delays in commencing operations due to the impact of COVID-19. However, investment sentiment among medical institutions has not deteriorated, and the impact remains limited at this time.」
The disclosure states that some projects actually experienced delays in commencing operations due to the impact of the infection. It also states that the impact is currently limited. - FY2020MaterialisedAnnual report
「In the second half, medical institutions increasingly tended to postpone capital investment due to the spread of COVID-19, resulting in fewer orders. In addition, some projects were carried forward for operation to the following fiscal year or later, and revenue therefore decreased from the previous fiscal year.」
The carryover of project operations and the decline in orders actually occurred and contributed to the decrease in full-year revenue. The impact of fluctuations in acceptance and operation timing continued to be reflected in performance. - FY2019RestatedAnnual report
「The Company recognizes revenue in accordance with the Accounting Standard for Revenue Recognition for Construction Contracts and recognizes a substantial portion of its revenue based on customer acceptance. Due to the characteristics of the way the Company's software is sold, the total amount of revenue and the timing of its determination may vary depending on the circumstances of the customer adopting the software. Accordingly, in some fiscal years, acceptance dates may be concentrated in a particular period or spread over several periods.」
The risk that the timing of revenue recognition may fluctuate due to the concentration or dispersion of acceptance dates was restated together with monthly sales results for the fiscal years ended October 2018 and October 2019. - FY2018MaterialisedAnnual report
「Revenue fell below plan because, in addition to a decrease in orders for projects expected during the current fiscal year, some projects were carried forward for operation to the following fiscal year or later. However, actual revenue substantially exceeded the previous fiscal year's revenue because project acquisition remained strong.」
The decrease in orders and the carryover of projects for operation to the following fiscal year or later actually occurred and contributed to the shortfall against plan, while full-year actual revenue exceeded the previous fiscal year's level. - FY2017MaterialisedAnnual report
「Revenue decreased from the previous fiscal year because there were fewer large projects during the current fiscal year and multiple projects were carried forward to the following fiscal year.」
The decline in large projects and the carryover of projects to the following fiscal year actually occurred and contributed to the decline in revenue. The disclosure shows the impact on performance of fluctuations in acceptance and operation timing. - FY2016First statedAnnual report
「The Company recognizes revenue in accordance with the Accounting Standard for Revenue Recognition for Construction Contracts and recognizes a substantial portion of its revenue based on customer acceptance. Due to the characteristics of the way the Company's software is sold, the total amount of revenue and the timing of its determination may vary depending on the circumstances of the customer adopting the software. Accordingly, in some fiscal years, acceptance dates may be concentrated in a particular period or spread over several periods.」
The possibility that the timing of revenue recognition may vary by fiscal year due to the concentration or dispersion of acceptance dates was disclosed together with monthly software sales figures.