Variability in Event Details and Amounts and Difficulty in Determining Order Backlog
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Costs on uncompleted projects for which losses are expected and provision for loss on orders are presented on a net basis. The amount of the provision for loss on orders corresponding to the costs on uncompleted projects presented on a net basis is as follows: Previous consolidated fiscal year (30 June 2025): ¥10.597 million; current consolidated fiscal year (30 June 2026): ¥8.979 million.」
The provision for loss on orders corresponding to projects for which losses are expected decreased from ¥10.597 million in the previous fiscal year to ¥8.979 million. - FY2025MitigatedAnnual report
「Costs on uncompleted projects for which losses are expected and provision for loss on orders are presented on a net basis. The amount of the provision for loss on orders corresponding to the costs on uncompleted projects presented on a net basis is as follows: Previous consolidated fiscal year (30 June 2024): ¥12.325 million; current consolidated fiscal year (30 June 2025): ¥10.597 million.」
The provision for loss on orders corresponding to projects for which losses are expected decreased from ¥12.325 million in the previous fiscal year to ¥10.597 million. - FY2024WorsenedAnnual report
「Costs on uncompleted projects for which losses are expected and provision for loss on orders are presented on a net basis. The amount of the provision for loss on orders corresponding to the costs on uncompleted projects presented on a net basis is as follows: Previous consolidated fiscal year (30 June 2023): ¥712 thousand; current consolidated fiscal year (30 June 2024): ¥12.325 million.」
The provision for loss on orders corresponding to projects for which losses are expected increased from ¥712 thousand at the end of the previous fiscal year to ¥12.325 million, indicating a numerical increase in the risk of fluctuations in project profitability. - FY2024-Q1MaterialisedAnnual report
「Costs on uncompleted projects for which losses are expected and provision for loss on orders are presented on a net basis. The amount of the provision for loss on orders corresponding to the costs on uncompleted projects presented on a net basis is as follows: Previous consolidated fiscal year (30 June 2023): ¥712 thousand; cumulative first quarter of the current consolidated fiscal year (30 September 2023): ¥82.825 million.」
The provision for loss on orders corresponding to costs on uncompleted projects for which losses are expected increased from ¥712 thousand at the end of the previous fiscal year to ¥82.825 million. The risk of fluctuations in the profitability of event and promotion projects has materialized as a provision. - FY2022RestatedAnnual report
「Because the content and amounts of events and promotions often change during the production and implementation stages, industry practice rarely involves the exchange of contracts or the issuance of purchase orders and similar documents. Consequently, it is difficult to accurately determine the order backlog.」
The disclosure again identifies the difficulty of determining the order backlog due to changes in event content and amounts and industry practices under which contracts and purchase orders are not issued. - FY2019RestatedAnnual report
「As event content and amounts often change during the production and operation stages, industry practice rarely involves the exchange of contracts or the issuance of purchase orders and similar documents. Consequently, it is difficult to accurately determine the order backlog.」
The disclosure again identifies the risk that the order backlog is difficult to determine due to changes in event content and amounts and industry practices under which contracts and purchase orders are not issued. - FY2017RestatedAnnual report
「As event content and amounts often change during the production and operation stages, industry practice sometimes means that contracts are not exchanged or purchase orders and similar documents are not issued. Consequently, it is difficult to accurately determine the order backlog.」
The disclosure continues its previous assessment while detailing the background to the risks, including additional orders, specification changes, changes in weather conditions, lost orders due to advertising budget cuts and changes of advertising agencies. - FY2016First statedAnnual report
「Because event content and amounts often change during the production and operation stages, industry practice sometimes means that contracts are not exchanged or purchase orders and similar documents are not issued. Consequently, it is difficult to accurately determine the order backlog.」
Risks arising from industry practices, including additional orders, specification changes and changes in weather conditions.