Change in the method for measuring progress under the percentage-of-completion method to the cost-to-cost method
First written in FY2018-Q1. 3 of 4 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「As a result, compared with the previous method, revenue increased by ¥6.450 million, while operating profit, ordinary profit and net profit before tax for the fiscal year each increased by ¥3.593 million.」
The accounting policy of using the cost-to-cost method to measure progress under the percentage-of-completion method has been continued, and the disclosure reports its impact on full-year revenue and profit. - FY2018-Q3RestatedAnnual report
「As a result, compared with the previous method, revenue for the cumulative third quarter of the current consolidated fiscal year increased by ¥55.578 million, while operating profit, ordinary profit and quarterly net profit before tax and other adjustments each increased by ¥12.375 million.」
The cost-to-cost method applied from the first quarter has been continued, and the disclosure reports its impact on revenue and profit through the cumulative third quarter. - FY2018-Q2RestatedAnnual report
「As a result, compared with the previous method, revenue for the cumulative second quarter of the current consolidated fiscal year increased by ¥14.510 million, while operating profit, ordinary profit and quarterly net profit before tax and other adjustments each increased by ¥8.668 million.」
The cost-to-cost method applied from the first quarter has been continued, and the disclosure reports its impact in the cumulative second quarter as a ¥14.510 million increase in revenue and a ¥8.668 million increase in operating profit and related measures. - FY2018-Q1First statedAnnual report
「Based on the medium-term management plan announced on 10 August 2017, the Group changed its core sector from energy to water. In addition, following the relocation and downsizing of the Kaizuka Plant, it outsourced part of its domestic manufacturing internal operations and reviewed its production system. The Group determined that measurement using the cost-to-cost method would more reasonably reflect progress based on actual conditions and has applied the change to construction contracts commenced during the cumulative first quarter of the current consolidated fiscal year.」
Against the backdrop of the change in the core sector, the relocation and downsizing of the Kaizuka Plant, and partial outsourcing, the method for measuring progress under the percentage-of-completion method was changed from the ratio of direct labor hours to the cost-to-cost method. As a result, revenue increased by ¥11.710 million, while operating profit, ordinary profit and quarterly net profit before tax and other adjustments each increased by ¥8.626 million.