Delays in Revenue Recognition Due to Changes in the Timing of Customer Acceptance
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Under joint development agreements, the company delivers deliverables such as reports and samples related to the development theme and equipment in exchange for consideration, and recognizes revenue when customer acceptance of the deliverables is completed.」
Because revenue is recognized when customer acceptance is completed, the company continues to face the risk of delayed revenue recognition resulting from an extended development period or other factors. - FY2024RestatedAnnual report
「Under joint development agreements, the company delivers deliverables such as reports and samples related to the development theme and equipment in exchange for consideration, and recognizes revenue when customer acceptance of the deliverables is completed.」
Because revenue is recognized when customer acceptance is completed, the company continues to face the risk of delayed revenue recognition resulting from an extended development period or other factors. - FY2023First statedAnnual report
「If customer acceptance of deliverables is delayed beyond the original schedule because the development period is extended or other measures are taken in agreement with the customer in line with development progress, this may affect the company's operating results.」
Because revenue under joint development agreements is recognized when customer acceptance is completed, the company identifies delays in recognition resulting from an extended development period or other factors as a risk.