Second-half concentration of revenue recognition due to the timing of deliverable acceptance
First written in FY2019-Q2. 2 of 3 entries say "Mitigated", first in FY2019-Q3. Latest entry: FY2019.
The whole theme swung hardest in 2025: 7 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2019MitigatedAnnual report
「In addition, as the provision of services and acceptance of deliverables progressed smoothly, and as performance-based projects succeeded, revenue in the second half increased by 23.0% year on year under Japanese GAAP and 24.8% under IFRS, exceeding the plan.」
Acceptance of deliverables and service provision progressed smoothly in the second half, with revenue growth of 23.0% under Japanese GAAP and 24.8% under IFRS, exceeding the plan. The disclosure states that the impact of the second-half concentration of revenue recognition was mitigated for the full fiscal year. - FY2019-Q3MitigatedAnnual report
「In addition, as the provision of services and acceptance of deliverables progressed smoothly, revenue increased by 18.0% year on year under Japanese GAAP and 18.1% under IFRS in the current third quarter, reaching a level broadly in line with the plan.」
Acceptance of deliverables progressed smoothly, and revenue growth in the third quarter was 18.0% under Japanese GAAP and 18.1% under IFRS. It is explained that revenue recovered to a level broadly in line with the plan. - FY2019-Q2First statedAnnual report
「Although the projects had progressed to a certain extent, more projects than expected involved recognizing revenue after clients accepted the deliverables in the second half or later.」
Although the projects themselves were progressing, more projects than expected involved recognizing revenue after client acceptance of the deliverables, and the disclosure states that revenue recognition was in fact deferred to the second half or later.