Risk of unverified customer acceptance and incorrect revenue cut-off in direct-shipment equipment sales
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「Large equipment is shipped directly from suppliers to customers without passing through warehouses operated by the company or its consolidated subsidiaries. Because installation and adjustment are also performed by the supplier, there is a risk that revenue may be recorded despite the absence of a sale, or that revenue may be recognized in the wrong period.」
The risks of unverified customer acceptance and incorrect revenue cut-off in direct-shipment equipment sales, along with measures involving the recording of delivery dates and times and on-site verification, continue to be disclosed. - FY2025-H1RestatedAnnual report
「The filing states that, during the interim consolidated accounting period, there were no material changes in the major risks that management recognizes could materially affect the consolidated companies' financial position, operating results or cash flows, or in the matters described under Business Risks in the securities report for the previous fiscal year.」
The company provides a comprehensive statement that there have been no material changes regarding the risks of unverified customer acceptance and incorrect revenue cut-off in direct-shipment equipment sales. - FY2024First statedAnnual report
「The equipment is shipped directly from suppliers to customers without passing through warehouses operated by the company or its consolidated subsidiaries. Because installation and adjustment are also performed by the supplier, there is a risk that revenue may be recorded despite the absence of confirmed customer acceptance, or that revenue may be recognized in the wrong period.」
For direct-shipment equipment sales, the company identified for the first time as key risks the recording of revenue without confirmed customer acceptance and incorrect revenue cut-off. It also described measures under which employees record the delivery date and time and verify installation through operating status at the delivery site.