Revenue Recognition in the Disaster Prevention and Safety Business Concentrated in the Second Half
First written in FY2020-Q1. 3 of 5 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2023-Q1.
0 other companies' latest entry also says "Mitigated".
- FY2023-Q1MitigatedAnnual report
「Revenue increased as the Company worked through its order backlog carried over from the previous fiscal year.」
In the disaster prevention and safety business, orders carried over from the previous fiscal year progressed to revenue recognition, partly mitigating the impact of the concentration of first-quarter performance recognition. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, demand at hospitals and nursing care facilities remained below expectations. Although expenses were reduced, many of the potential projects held by the Group were postponed, and business performance remained sluggish.」
In the disaster prevention and safety business, weak demand from hospitals and nursing care facilities and numerous installation delays were reflected in sluggish business performance. - FY2020-Q3MitigatedAnnual report
「The company progressively reflected in reported results projects carried over from the previous fiscal year whose delivery dates had been postponed to the third quarter and beyond.」
Although delays in Naias project delivery and the concentration of revenue recognition remained, the company progressively reflected the delayed projects in reported results, and results in the Disaster Prevention and Safety Business in the third quarter showed signs of improvement. - FY2020-Q2MaterialisedAnnual report
「In the disaster prevention and safety business, operating performance remained sluggish because some projects involving the core Naias sprinkler extinguishing systems extended beyond the third quarter and the subsidy budget for installing sprinkler extinguishing systems at medical clinics with inpatient facilities was lower than expected this fiscal year, among other factors.」
As some Naias projects extended into the third quarter and beyond and the subsidy allocation was lower than expected, revenue in the Disaster Prevention and Safety Business was ¥353 million, down 19.9% year on year. - FY2020-Q1MaterialisedAnnual report
「In the Disaster Prevention and Safety Business, the timing of revenue recognition is weighted toward the second quarter onward, including projects carried over from the previous fiscal year involving the Naias sprinkler fire-extinguishing system, the main product. As a result, results for the first quarter were limited. Revenue in the Disaster Prevention and Safety Business for the three months ended the first quarter was ¥82 million, down 39.4% year on year, while segment profit was ¥3 million, down 1.6%, as the decline in revenue reduced the share of selling, general and administrative expenses allocated to the segment.」
The concentration of revenue recognition from the second quarter onward, including carried-over Naias projects, resulted in first-quarter revenue of ¥82 million, down 39.4% year on year.