Changes in the scheduled timing of revenue recognition and year-end concentration of performance
First written in FY2020. 8 of 9 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2023RestatedAnnual report
「The timing of revenue recognition for the group's sales may change from the original schedule because it depends on factors such as when customers accept deliveries. In particular, deliveries for large machinery and equipment projects and construction projects tend to be concentrated in September, the end of the interim period, and March, the fiscal year-end.」
It continues to identify fluctuations in the timing of revenue recognition due to customer acceptance and the concentration of large projects in September and March as factors causing fluctuations in performance. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding changes in the scheduled timing of revenue recognition and the year-end concentration of performance. - FY2020First statedAnnual report
「The timing of revenue recognition for the group's sales may change from the original schedule because it depends on factors such as when customers accept deliveries. In particular, deliveries for large machinery and equipment projects and construction projects tend to be concentrated in September, the end of the interim period, and March, the fiscal year-end.」
It explicitly identified fluctuations in the timing of revenue recognition due to customer acceptance and the concentration of large projects in September and March as factors causing fluctuations in performance.