Revenue fluctuations due to the timing and amount of recognition under co-development agreements
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: 2026-05-12.
Mwcc moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- 2026-05-12MaterialisedRevision of earnings forecasts
「Due to delays in orders for multiple large-scale projects resulting from customers revising their development plans and investment timing, net sales for the fiscal year are expected to fall below the initial forecast.」
共同開発案件の受注時期による収益変動リスクについて、顧客の計画・投資時期の見直しに伴う受注遅延と業績予想の下方修正として実際に表れた。 - FY2025RestatedAnnual report
「Because the company's operating revenue is primarily derived from upfront development payments received under joint development agreements, operating revenue and net income (loss) may fluctuate depending on the timing and amount of their recognition.」
The risk that revenue and profit will be affected by the timing and amount of recognition continues because the revenue structure is centered on upfront development payments. - FY2024RestatedAnnual report
「Because the company's operating revenue is primarily derived from upfront development payments received under joint development agreements, operating revenue and net income (loss) may fluctuate depending on the timing and amount of their recognition.」
The risk that revenue and profit will be affected by the timing and amount of recognition continues because the revenue structure is centered on upfront development payments. - FY2023First statedAnnual report
「Because the company's operating revenue is primarily derived from upfront development payments received under joint development agreements, operating revenue and net income (loss) may fluctuate depending on the timing and amount of their recognition.」
The company discloses that its revenue and net income may be affected by the timing and amount of recognition because its revenue structure is centered on upfront development payments.