Change to recognizing long-term O&M contract awards in full upfront
First written in FY2025-H1. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「Transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied at the fiscal year-end 1,420,897」
Following the change to recognizing the full amount of long-term O&M contracts upfront, the engineering business recorded contract awards of ¥836.2 billion, an order backlog of ¥1,223.5 billion, and remaining performance obligations of ¥1,420.9 billion. - FY2025AdvancedAnnual report
「The contract award results and order backlog for the current fiscal year, calculated under the former recognition method, were ¥558,517 million and ¥603,017 million, respectively.」
The change to recognizing the full amount of long-term O&M contracts upfront when signed was applied for the full year. The Company disclosed contract awards of ¥579.560 billion and an order backlog of ¥994.468 billion under the new method, together with comparative figures under the former method. - FY2025-H1First statedAnnual report
「For long-term O&M contracts for waste treatment facilities and other facilities commissioned by municipalities and others, the Company previously recognized only the amount equivalent to one year's revenue in its contract award results. Beginning with the current fiscal year, it has changed to a method of recognizing the full contract amount upfront when the contract is signed.」
For long-term O&M contract awards, the method was changed from recognizing the amount equivalent to one year at a time to recognizing the full contract amount upfront when the contract is signed.