Revenue Fluctuations Driven by Partial Awards and Completion Timing of Large Development Projects
First written in FY2018-Q1. 2 of 9 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 7 of 13 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The company does not expect any large development projects in the fiscal year ending June 2022, but will continue system development services and sales of products and goods, primarily for existing customers.」
The company reaffirmed its assumption that it will advance its business through system development and product sales for existing customers without factoring in any large development projects. - FY2020-Q1Large project completed; no project of comparable scaleAnnual report
「The large-scale development project that generated approximately ¥300 million in revenue for a specific customer in the prior-year period ended in the prior fiscal year, the fiscal year ended June 2019. Although there was no development project of comparable scale in the current period, revenue exceeded the prior-year period because sales from other development projects for existing customers increased.」
The large development project, worth approximately ¥300 million, that had driven revenue in the same period of the previous year was completed in the previous fiscal year, and there was no subsequent project of comparable scale in the current fiscal year. Other projects for existing customers nevertheless supplemented revenue. - FY2019Large project development suspended; subsequent project not yet definedAnnual report
「Development of the large project was suspended, and no project of a comparable scale has yet taken concrete shape.」
The large development project that had driven revenue through the previous fiscal year was suspended, and no subsequent project of a comparable scale had taken concrete shape as of the end of the current fiscal year. The new plan was formulated without factoring in the next large development project. - FY2019-Q3Large project downsized, reducing revenueAnnual report
「In software development services, the scale of large development projects contracted from the previous fiscal year, resulting in lower revenue.」
For the large development project, the project that had driven revenue growth in the previous fiscal year was downsized, resulting in lower revenue for the cumulative third quarter period. - FY2019-Q2AdvancedAnnual report
「The large development project related to the customer's brand integration also progressed smoothly, enabling the company to recognize software development revenue as planned.」
For the large development project related to the customer's brand integration, the company recognized software development revenue as planned. Progress on the large project's stages and revenue recognition has become more concrete. - FY2019-Q1Quarterly revenue decline from a large projectAnnual report
「Revenue increased in the same quarter of the previous year because the company recognized revenue from contracted work on a large system development project, but revenue from this large project decreased in the current fiscal year.」
For the large development project, revenue from the large project recognized in the same quarter of the previous year declined in the current quarter, reflecting quarterly revenue fluctuations based on the timing of project recognition. - FY2018-Q3AdvancedAnnual report
「At the end of the fiscal year, the company recognized revenue from the project and recorded a product warranty provision of ¥48 million.」
For the large development project for which revenue recognition was planned in the third quarter, the company actually recognized the revenue. However, it also recorded a product warranty provision of ¥48 million. - FY2018-Q2RestatedAnnual report
「The large development project for which revenue was recognized in the first quarter constitutes part of a large development project for a domestic credit card company, and the company plans to recognize a substantial amount of revenue in the third quarter as well.」
The company reaffirmed that the project for which revenue was recognized in the first quarter is one stage of a multi-year project and that a substantial amount of revenue is also planned for recognition in the third quarter. - FY2018-Q1First statedAnnual report
「This development project forms part of a development project ordered by the company from a domestic credit card company. From the outset, the overall project was expected to take several years to complete. The company receives orders for individual development components as the project progresses and recognizes revenue each time an ordered component is completed. Because the content and scale of these development components differ, revenue varies by period even for projects relating to the same overall project. The component for which revenue was recognized this fiscal year was relatively large for the company, and because it was completed during the fiscal year, revenue for the year increased from the usual level.」
The company explains a system under which multi-year projects are received in parts according to progress, with revenue recognized when each part is completed. Revenue for the same project varies by fiscal year depending on the content and scale of each component and when it is completed.