Fluctuations in Revenue Recognition from Large Projects with Long Construction Periods
First written in FY2018-Q1. 8 of 12 entries say "Restated". Latest entry: 2026-08-07.
Nishikawa Keisoku moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「The large-scale projects received during the fiscal year are expected to require an extended period before revenue can be recognized. Although other projects are progressing smoothly, the dispersion and extension of the revenue recognition timing for these large-scale projects means that performance for the next fiscal year, the transitional period ending June 2027, is forecast to fall below the previous fiscal year.」
The dispersion and extension of the timing for recognizing revenue from large-scale projects has been identified as a specific factor that will cause performance in the next fiscal year to fall below the previous fiscal year. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no new matters relating to the business or accounting information described in this interim report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including fluctuations in revenue recognition due to large-scale projects with long construction periods. - FY2025RestatedAnnual report
「If the total estimated construction costs change due to unexpected costs or other factors, the construction progress percentage will fluctuate, which may affect revenue and cost of sales.」
The company has reaffirmed the risk of fluctuations in the progress percentage, revenue and cost of sales resulting from changes in the estimated total construction costs. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new matters relating to the business or accounting information described in this interim report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including fluctuations in revenue recognition due to large-scale projects with long construction periods. - FY2024RestatedAnnual report
「If the total estimated construction costs change due to unexpected costs or other factors, the construction progress percentage will fluctuate, which may affect revenue and cost of sales.」
The company has reaffirmed the risk of fluctuations in the progress percentage, revenue and cost of sales resulting from changes in the estimated total construction costs. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including fluctuations in revenue recognition due to large-scale projects with long construction periods. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including fluctuations in revenue recognition due to large-scale projects with long construction periods. - FY2023RestatedAnnual report
「If the total estimated construction costs change due to unexpected costs or other factors, the construction progress percentage will fluctuate, which may affect revenue and cost of sales.」
The company has reaffirmed the risk that changes in the estimated total construction costs may affect the progress percentage, revenue and cost of sales as a material accounting estimate. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including fluctuations in revenue recognition due to large-scale projects with long construction periods. - FY2018MaterialisedAnnual report
「Meanwhile, because the timing of orders received for large-scale research and development testing equipment projects for automobile manufacturers was concentrated in the second half, and revenue recognition was therefore scheduled for the next fiscal year, revenue amounted to ¥27,263 million, a decrease of ¥1,397 million from the previous fiscal year.」
A timing gap actually arose between receiving orders for large-scale projects and recognizing revenue, with revenue from large-scale automotive projects for which orders were concentrated in the second half carried forward to the following fiscal year. - FY2018-Q2MaterialisedAnnual report
「Revenue amounted to ¥11,188 million, down 14.2% year on year, as there were no projects from the previous fiscal year, such as large-scale facility renewals for the petrochemical industry and large-scale testing equipment for the automotive industry.」
The large-scale projects undertaken in the previous fiscal year were absent, resulting in a 14.2% year-on-year decline in revenue. Actual results reflect revenue fluctuations depending on whether large-scale projects with long construction periods are present. - FY2018-Q1First statedAnnual report
「As a result, orders received during the cumulative first quarter amounted to ¥7,334 million, down 5.0% year on year, while revenue amounted to ¥4,991 million, down 13.7% year on year, partly due to the large number of large-scale projects with long construction periods.」
The company identified the large number of large-scale projects with long construction periods as a factor behind the 13.7% year-on-year decline in quarterly revenue.