Revision of Prior-Period Financial Results and Extraordinary Loss Due to Differences in Views Regarding a License Agreement
First written in FY2018. 3 of 6 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「Some services use third-party software and depend on license agreements. If the contract terms change or service is suspended, securing an alternative could require time and expense」
The risks of costs and time associated with changes to license agreements, service suspension and securing alternatives remain following the imposition of penalties for prior years. - FY2020ReframedAnnual report
「If the terms of this license agreement change, or if service suspension makes replacement software necessary, obtaining an alternative or developing software in-house could require considerable time and expense, potentially affecting the Group's operating results and financial position.」
The focus has shifted from the disclosed realized event of penalties on prior-year license fees to the future risks of changes to the contract terms, service suspension and procurement of replacement software. - FY2019RestatedAnnual report
「Meanwhile, in the Shalom business, we recorded an extraordinary loss of ¥94.121 million as penalties and other contractual damages relating to unpaid prior-period license fees.」
The recognition of ¥94.121 million in extraordinary loss for penalties related to license fees from prior years has also been confirmed in the full-year results. - FY2019-Q3RestatedAnnual report
「Meanwhile, in the Shalom business, we recorded an extraordinary loss of ¥94.121 million as penalties and other contractual damages relating to unpaid prior-period license fees.」
The recognition of an extraordinary loss of ¥94.121 million for contractual damages relating to prior-period license fees was also confirmed for the cumulative third quarter period. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, in the Shalom business, we recorded an extraordinary loss of ¥94.121 million as penalties and other contractual damages relating to prior-period license fees.」
The ¥94.121 million penalty relating to the difference of interpretation under the license agreement identified in the previous fiscal year was actually recorded as an extraordinary loss. - FY2018MaterialisedAnnual report
「A difference of interpretation with the licensor was identified regarding the terms of the license agreement under which we obtained permission to use third-party software. After reviewing the agreement, we concluded that prior-period reports should be corrected in line with the licensor's position. At a board meeting held on 19 June 2018, we resolved to place corrective orders for licenses used in prior periods through a distributor designated by the licensor.」
A difference of interpretation regarding the license agreement and related reporting was identified, resulting in corrective orders for prior periods and adjustments to prior-period financial statements. An extraordinary loss of approximately ¥94 million was expected for an amount equivalent to contractual penalties.