Risk of delays in the timing of revenue recognition for construction contracts
First written in FY2022. 6 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 9 of 64 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a result, the timing of revenue recognition may be delayed, potentially affecting the Group’s operating results and financial position.」
The risk of delays in the timing of recognizing construction revenue due to an extended construction period or delayed delivery continues to be disclosed. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It is stated that there have been no material changes in the risk of delays in the timing of recognizing construction revenue due to an extended construction period or delayed delivery. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of delays in the timing of recognizing construction revenue due to an extended construction period or delayed delivery. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of delays in the timing of recognizing construction revenue due to an extended construction period or delayed delivery. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of delays in the timing of recognizing construction revenue due to an extended construction period or delayed delivery. - FY2023RestatedAnnual report
「Due to circumstances beyond the Group’s control, the construction period may be extended and delivery to customers may be delayed beyond the scheduled period.」
The possibility that an extended construction period or delayed delivery could delay the timing of recognizing construction revenue based on the degree of completion continues to be disclosed. - FY2022First statedAnnual report
「Due to circumstances beyond the Group’s control, the construction period may be extended and delivery to customers may be delayed beyond the scheduled period. As a result, the timing of revenue recognition may be delayed, potentially affecting the Group’s operating results and financial position.」
The possibility that an extended construction period or delayed delivery could delay the timing of recognizing construction revenue based on the degree of completion has been disclosed as a new risk.