Risk of Misstatements and Reputational Damage from Improper Accounting
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「The group fully understands the characteristics of its business, in which software development produces an intangible outcome and development processes are difficult to visualise, and has developed its own project scheduling and cost management system, working for many years to make the individual costs and progress of each software development project visible.」
To address the risk of improper accounting and misstatements, the company continues to maintain its project scheduling and cost management system, internal controls, and training and response framework for the revenue recognition standard. - FY2023RestatedAnnual report
「We developed our own project scheduling and cost management system and have worked for many years to make the individual costs and progress of each software development project visible.」
Regarding the risk of misstatements and reputational damage due to improper accounting, the company is reaffirming its project scheduling and cost management system, internal controls, and training and response framework for the revenue recognition standard. - FY2020First statedAnnual report
「If costs are not allocated correctly, or revenue and other items are recorded without complying with the accounting standard on revenue recognition and this goes undetected, it could result in matters such as misstatements in the annual securities report, damage the company's reputation, and affect its business and financing.」
The company has disclosed as a new risk the potential impact on misstatements and financing arising from errors in cost accounting and revenue recognition for software development projects.