Expansion of the Scope of the Percentage-of-Completion Method Following Strengthening of the Cost Management Framework
First written in FY2020-Q1. 2 of 3 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「As a result, during the cumulative third-quarter consolidated accounting period, net sales increased by ¥21,920 million, while operating income, ordinary income and quarterly net income before income taxes increased by ¥3,387 million.」
The cumulative impact of expanding the scope of the percentage-of-completion method following improvements to the cost management framework was ¥21.920 billion on net sales and ¥3.387 billion on operating income and other items. - FY2020-Q2AdvancedAnnual report
「As a result, during the cumulative second-quarter consolidated accounting period, net sales increased by ¥16,205 million, while operating income, ordinary income and quarterly net income before income taxes increased by ¥1,723 million.」
Regarding the expansion of the scope of the percentage-of-completion method following improvements to the cost management framework, the impact on net sales during the cumulative second-quarter period was ¥16.205 billion, and the impact on operating income and other items was ¥1.723 billion. - FY2020-Q1First statedAnnual report
「From the current first-quarter consolidated accounting period, the percentage-of-completion method has also been applied to certain other construction projects, as reliable estimates became possible as a result of strengthening and improving the cost management framework. As a result, net sales increased by ¥15,671 million, while operating income, ordinary income and quarterly net income before income taxes increased by ¥1,160 million.」
The scope of the percentage-of-completion method was expanded against the backdrop of improvements to the cost management framework. As a result, net sales increased by ¥15.671 billion and operating income and other items increased by ¥1.160 billion.