Revenue recognition based on made-to-order production and customer acceptance
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: 2026-04-13.
No other company in this theme has enough history to compare yet.
- 2026-04-13RestatedRevision of earnings forecasts
「Revenue from products is recognized upon acceptance, but some customer acceptance conditions have not been met. As a result, certain projects have been carried forward to the third quarter or later, and revenue is below the previous forecast.」
The business structure of recognizing product revenue upon acceptance has been reconfirmed. - FY2022-Q3RestatedAnnual report
「Previously, for some product sales, when the product and installation, delivery and test-run services were ordered separately, revenue was recognized at the acceptance date for each. The company now recognizes the revenue in a lump sum when the installation, delivery and test-run services are accepted.」
Following adoption of the revenue recognition standard, the company continues to recognize the product and installation, delivery and test-run services together when the services are accepted. - FY2022-Q2RestatedAnnual report
「Previously, for some product sales, when the product and installation, delivery and test-run services were ordered separately, revenue was recognized at the acceptance date for each. The company now recognizes the revenue in a lump sum when the installation, delivery and test-run services are accepted.」
Following adoption of the revenue recognition standard, the company continues to recognize the product and installation, delivery and test-run services together when the services are accepted. - FY2022-Q1Change in the timing of revenue recognition following the adoption of the revenue recognition standardAnnual report
「Previously, for some product sales, when the product and installation, delivery and test-run services were ordered separately, revenue was recognized at the acceptance date for each. The company now recognizes the revenue in a lump sum when the installation, delivery and test-run services are accepted.」
Under the made-to-order production and customer-acceptance model, the adoption of the revenue recognition standard changed the method from recognizing the product and installation, delivery and test-run services separately to recognizing them together when the services are accepted. - FY2020RestatedAnnual report
「The company operates on a made-to-order production basis. To meet customers' requirements for high precision and productivity, adjustment test runs and other work before acceptance may take time, and customers may request specification changes. The group recognizes revenue based on customer acceptance.」
The company continues to describe its business structure as made-to-order production, with revenue recognized based on customer acceptance. - FY2018RestatedAnnual report
「The company operates on a made-to-order production basis. To meet customers' requirements for high precision and productivity, adjustment test runs and other work before acceptance may take time, and customers may request specification changes. As a result, some products have a long lead time from order receipt to customer acceptance. The group recognizes revenue based on customer acceptance.」
The company continues to describe its business structure as made-to-order production, with revenue recognized based on customer acceptance. - FY2017RestatedAnnual report
「The company operates on a made-to-order production basis. To meet customers' requirements for high precision and productivity, adjustment test runs and other work before acceptance may take time, and customers may request specification changes. As a result, some products have a long lead time from order receipt to customer acceptance. The group recognizes revenue based on customer acceptance.」
The company continues to describe its business structure as made-to-order production, with customer acceptance serving as the revenue recognition criterion. - FY2016First statedAnnual report
「The company operates on a made-to-order production basis. To meet customers' requirements for high precision and productivity, adjustment test runs and other work before acceptance may take time, and customers may request specification changes. As a result, some products have a long lead time from order receipt to customer acceptance. The group recognizes revenue based on customer acceptance.」
The company describes a business structure based on made-to-order production, with customer acceptance serving as the revenue recognition criterion.