Application of the Accounting Standard for Disclosure of Accounting Estimates
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026Revenue from work in progress declined slightly, while estimation risks continuedAnnual report
「Revenue (work in progress) 1,158,944 1,119,666」
Revenue from the unfinished portion of system engineering services declined from ¥1,158.944 million to ¥1,119.666 million. The risk of an impact on results from estimates of progress and the execution budget continues. - FY2024AdvancedAnnual report
「Although the execution budget is reviewed regularly, results could be affected if the progress rate changes significantly due to unanticipated specification changes or additional work hours, or if the execution budget requires substantial revision as a result of sudden changes in assumptions caused by the spread of a severe infectious disease, the emergence of geopolitical risks, or rapid inflation driven by soaring resource and raw-material prices.」
The Company estimates the progress of system engineering services using a cost-based input method and specifically disclosed the potential impact on results of specification changes, additional work hours and changes in the external environment. - FY2023AdvancedAnnual report
「The significant accounting estimates and assumptions used in preparing the consolidated financial statements are described in "Part 5 Financial Information, 1 Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Significant Accounting Estimates)."」
As significant accounting estimates, the Company specifically disclosed the assumptions concerning and impact of the recoverability of deferred tax assets and the progress of system engineering services. - FY2021First statedAnnual report
「We have applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) to the consolidated financial statements for the fiscal year-end under review and have included notes on significant accounting estimates.」
For the first time, the Company stated its accounting disclosure policy of applying the notes on significant accounting estimates to the consolidated financial statements at the end of the fiscal year.