Lixil (5938) · RiskDropped
Risks related to collecting receivables and estimating revenue under long-term construction contracts
First written in FY2019. 1 of 2 entries say "Dropped", first in FY2021. Latest entry: FY2021.
2entries
3years
0from disclosures
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Same theme, other companies
Uncertainty in Receivables Collection and Revenue Estimates under Long-Term Construction ContractsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2021DroppedAnnual report
「As the Company has determined that both the likelihood and potential impact of risks related to long-term construction contracts have declined substantially, it has not included details of these risks or its responses to them from the current consolidated fiscal year.」
Following the completion of the sale of Permasteelisa, the Company withdrew the disclosure of risks related to collecting receivables and estimating revenue under long-term construction contracts, which had previously been disclosed separately. - FY2019First statedAnnual report
「For some projects undertaken by the Building Technology business, revenue and costs are recognized based on the progress of construction when the outcome of a contract can be reliably estimated, in order to recognize revenue under long-term contracts.」
The Company identifies the impact on results of uncollectible receivables, increased allowance for doubtful accounts and divergences between estimated total costs and actual results as independent risks related to accounting estimates for long-term contracts.