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Sharingtechnology (3989) · RiskRestated

Risk of sales recognition relying on merchant self-reporting

First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2024.

6entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017MitigatedFY2018RestatedFY2019 – FY20242017: 12018: 120182019: 120192020: 020202021: 120212022: 120222023: 020232024: 12024
Same theme, other companies
Uncertainty in recognizing performance-based sales reliant on merchant-reported informationA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「We investigate whether underreporting, false reporting, or similar issues have occurred by confirming the outcome of referred cases.」

    We continue to track and confirm contract execution and progress after referrals.
  2. FY2022RestatedAnnual report

    「We investigate whether underreporting, false reporting, or similar issues have occurred by confirming the outcome of referred cases.」

    We continue to track and confirm contract execution and progress after referrals to merchants.
  3. FY2021RestatedAnnual report

    「We investigate whether underreporting, false reporting, or similar issues have occurred by confirming the outcome of referred cases.」

    We continue to track and confirm contract execution and progress after referrals to merchants.
  4. FY2019RestatedAnnual report

    「We investigate whether underreporting, false reporting, or similar issues have occurred by confirming the outcome of referred cases.」

    We continue to operate a system for tracking and confirming contract execution and progress after referrals in response to the risk of revenue recognition dependent on merchants' self-reporting.
  5. FY2018MitigatedAnnual report

    「We investigate whether underreporting, false reporting, or similar issues have occurred by confirming the outcome of referred cases.」

    In response to the risk of revenue recognition dependent on merchants' self-reporting, a system for tracking and confirming contract execution and progress after referrals was specified.
  6. FY2017First statedAnnual report

    「However, if a merchant were to underreport or falsely report the construction amount, this could result in missed opportunities to recognize the Company's revenue and affect the Company's operating results and financial position.」

    The risk arising from the calculation of performance-based revenue being dependent on reports from merchants.
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Risk of sales recognition relying on merchant self-reporting | SHARINGTECHNOLOGY INC. (3989) | Komori