Design Work Ahead of Schedule for Ultra-Large Job-Number Orders and the Resulting Shift in Revenue Recognition Due to Material Delivery Timing
First written in FY2019-Q1. 7 of 15 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-10-22.
The whole theme swung hardest in 2024: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- 2026-10-22Advanceds.kabutan.jp
「Sales for the second quarter (interim period) of the fiscal year ending March 2027 are expected to exceed the initial forecast, as progress on some projects has moved ahead of schedule and projects originally expected to generate revenue in the second half are now expected to generate revenue in the first half.」
It was reported that, due to projects progressing ahead of schedule, the timing of revenue recognition shifted from the second half to the first half. - FY2026-H1AdvancedAnnual report
「Revenue increased in the current interim accounting period compared with the previous interim accounting period because progress on large orders advanced.」
Progress on large orders advanced compared with the previous interim period, contributing to higher revenue. Revenue recognition advanced in line with progress on the large orders. - FY2025-H1RestatedAnnual report
「Revenue was steady in the previous interim accounting period, but declined in the current interim accounting period because progress on large orders remained at the early production stage.」
The timing mismatch in make-to-order production was reconfirmed, with progress on large orders remaining at the early production stage and revenue recognition consequently declining. - FY2024-Q3RestatedAnnual report
「Revenue was steady in the cumulative third quarter of the previous fiscal year, but declined slightly in the cumulative third quarter of the current fiscal year, partly because progress on large orders was at the early contract stage in the first quarter.」
The impact of revenue-recognition timing caused by progress on large orders remaining at the early contract stage was reconfirmed. - FY2024-Q1RestatedAnnual report
「Revenue was steady in the cumulative first quarter of the previous fiscal year, but was sluggish in the cumulative first quarter of the current fiscal year because progress on large orders remained at the early contract stage.」
The impact of revenue-recognition timing specific to make-to-order production was reconfirmed, with progress on large orders remaining at the early contract stage and revenue consequently remaining sluggish. - FY2023-Q3AdvancedAnnual report
「Revenue was sluggish in the cumulative third quarter of the previous fiscal year because progress on large orders was at the early contract stage, but in the cumulative third quarter of the current fiscal year, progress on large orders proceeded steadily and increased significantly.」
Compared with the same quarter of the previous year, when progress on large orders remained at the early contract stage, progress was steady in the current quarter, resulting in a significant increase in revenue. - FY2023-Q2AdvancedAnnual report
「Revenue was sluggish in the cumulative second quarter of the previous fiscal year because progress on large orders was at the early contract stage, but in the cumulative second quarter of the current fiscal year, progress on large orders proceeded steadily and increased significantly.」
Compared with the same quarter of the previous year, when progress on large orders remained at the early contract stage, progress was steady in the current quarter, resulting in a significant increase in revenue. - FY2023-Q1AdvancedAnnual report
「Revenue was sluggish in the cumulative first quarter of the previous fiscal year because progress on large orders was at the early contract stage, but in the cumulative first quarter of the current fiscal year, progress on large orders proceeded steadily and increased significantly.」
Compared with the same quarter of the previous year, when progress on large orders remained at the early contract stage, progress was steady in the current quarter, resulting in a significant increase in revenue. - FY2022AdvancedAnnual report
「Revenue increased significantly as the company received orders for and produced large projects that had been postponed due to the impact of the COVID-19 pandemic.」
The company showed concrete progress as orders and production for large projects postponed during the pandemic moved forward, contributing to higher revenue. - FY2022-Q3RestatedAnnual report
「Revenue was steady in the cumulative third quarter of the previous fiscal year, while in the cumulative third quarter of the current fiscal year, production of large projects progressed and the degree of progress increased significantly.」
Progress in producing large projects and the resulting increase in the degree of progress were reconfirmed, consistent with the situation described in the previous quarter. - FY2022-Q2AdvancedAnnual report
「Revenue was steady in the cumulative second quarter of the previous fiscal year, while in the cumulative second quarter of the current fiscal year, production of large orders progressed and the degree of progress increased significantly.」
The company explained that production of large orders progressed and the degree of contract progress increased significantly. This marked progress from the weak revenue performance in the previous quarter, which reflected the early stage of large orders. - FY2022-Q1WorsenedAnnual report
「Revenue was steady in the cumulative first quarter of the previous fiscal year, but was sluggish in the cumulative first quarter of the current fiscal year because progress on large orders remained at the early contract stage.」
The company explained that revenue for the quarter was sluggish because progress on large orders remained at the early contract stage. - FY2021WorsenedAnnual report
「However, revenue declined significantly as large projects were postponed due to the impact of the COVID-19 pandemic.」
The company explained that revenue declined significantly because large projects were postponed, and the impact on revenue recognition of timing differences between order receipt, design and component delivery was also confirmed on an annual basis. - FY2020-Q1Solid quarterly performance supported by a strong order backlogAnnual report
「Revenue and profit were sluggish in the cumulative first quarter of the previous fiscal year because exceptionally large orders had not qualified for the percentage-of-completion method. In the cumulative first quarter of the current fiscal year, however, the company secured a substantial order backlog and performed steadily.」
Against the backdrop of the revenue-recognition timing mismatch in the previous first quarter caused by design work preceding component deliveries for exceptionally large orders, the company secured a substantial order backlog in the current first quarter, supporting steady revenue and profit. - FY2019-Q1First statedAnnual report
「Revenue declined significantly from the same period of the previous year because an exceptionally large order received in the third quarter of the previous fiscal year was at the drawing-preparation stage in the first quarter of the current fiscal year, and although a large portion of the design hours was devoted to the order, it did not qualify for the percentage-of-completion method because the ordered components were not scheduled for delivery until the second quarter or later.」
For exceptionally large orders, design work preceded component deliveries, which were scheduled for the second quarter or later, so the orders did not qualify for the percentage-of-completion method. As a result, revenue and profit for the quarter declined significantly year on year.