Performance fluctuations caused by delays in customer orders and acceptance inspections
First written in FY2021. 5 of 6 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of fluctuations in the timing of revenue recognition caused by delays in customer orders and acceptance inspections. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of fluctuations in the timing of revenue recognition caused by delays in customer orders and acceptance inspections. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no material changes in the occurrence of major risks among the matters concerning the business and accounting conditions described in the quarterly report that management recognized as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
No material changes were identified in the risk of fluctuations in the timing of revenue recognition caused by delays in customer orders and acceptance inspections. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
No material changes were identified in the risk of fluctuations in the timing of revenue recognition caused by delays in customer orders and acceptance inspections. - FY2022RestatedAnnual report
「The machine-tool business is primarily made to order. Customer companies budget their capital expenditures on an annual basis, and many close their books in March. Accordingly, in line with the timing of their budget execution, the Group’s revenue also tends to be concentrated in the fourth quarter, particularly March. If revenue recognition extends beyond the fiscal year-end due to delays in orders or acceptance inspections by customer companies, this may affect the Group’s financial position, operating results and cash flows.」
The Company continued to describe the risk that revenue recognition may be delayed by order and acceptance-inspection delays, against the backdrop of revenue in the made-to-order machine-tool business being concentrated in the fourth quarter, particularly March. - FY2021First statedAnnual report
「If revenue recognition extends beyond the fiscal year-end due to delays in orders or acceptance inspections by customer companies, this may affect the Group’s financial position, operating results and cash flows.」
Against the backdrop of revenue in the made-to-order machine-tool business being concentrated in the fourth quarter, particularly March, the Company for the first time described shifts in the timing of revenue recognition caused by delays in customer orders and acceptance inspections as a separate risk.