Shift in Project Delivery Timing Between Periods
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For our cloud integration services, acceptance inspections are often conducted in March, June, September and December, the ends of the quarters for companies with March fiscal year-ends. Acceptance inspections tend to be particularly concentrated in March, when many customers' fiscal year-ends occur, resulting in a tendency for profit to be weighted toward the second half of the fiscal year. We seek to smooth profit through initiatives such as promoting sales of new contracts and additional contracts with existing customers.」
We continue to describe the risk of delivery dates shifting into a subsequent period, seasonality based on acceptance timing, and smoothing measures through new and additional contracts. - FY2024Additional discussion of seasonality and smoothing measuresAnnual report
「For our cloud integration services, acceptance inspections are often conducted in March, June, September and December, the ends of the quarters for companies with March fiscal year-ends. Acceptance inspections tend to be particularly concentrated in March, when many customers' fiscal year-ends occur, resulting in a tendency for profit to be weighted toward the second half of the fiscal year. We seek to smooth profit through initiatives such as promoting sales of new contracts and additional contracts with existing customers.」
In addition to the risk of delivery dates shifting into a subsequent period, we have provided specific details on the seasonality of acceptance inspections and profit associated with customers' fiscal year-ends, as well as smoothing measures through new and additional contracts. - FY2022First statedAnnual report
「Delivery dates may change, causing revenue and earnings to be recognized in the following quarter or fiscal year. Depending on the amount carried forward, this may cause fluctuations in our operating results for individual quarters or fiscal years.」
Changes in delivery dates for projects subject to acceptance-based revenue recognition are described as a risk that could cause quarterly or annual fluctuations in operating results.