Risk of Errors in the Timing of Revenue Recognition for Contract Services
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: FY2025-H1.
2 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
受託売上の収益認識時点の誤謬リスクについて、新規発生または重要な変更はないとしている。 - FY2024MitigatedAnnual report
「このようなリスクを踏まえ、当社グループは内部統制の充実に努めるとともに、内部監査部門や財務部門によるチェックを実施しております。」
受託売上の収益認識時点に関する誤謬リスクに対し、内部統制、内部監査部門および財務部門によるチェックを対応策として明示した。 - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
受託売上の収益認識時点の誤謬リスクについて、新規発生または重要な変更はないとしている。 - FY2023First statedAnnual report
「For revenue from contract services, depending on the contract, the Group recognizes revenue when it determines that the performance obligation has been satisfied, principally when control of the deliverable transfers to the customer through acceptance, receipt or shipment. However, because of the complexity of contracts and other factors, errors may arise in determining the timing of revenue recognition, which could affect the Group’s financial results.」
First separately disclosed the risk of errors in determining when performance obligations for contract-service revenue are satisfied through acceptance, receipt, shipment or other events.