Increase in contract value and timing gap in revenue recognition
First written in FY2017-Q2. 9 of 33 entries say "Advanced", first in FY2021-Q2. Latest entry: 2026-11-12.
The whole theme swung hardest in 2021: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2027-H1AdvancedAnnual report
「As a result, sales were ¥11,191 million, up 15.2% year on year, because sales from government-demand projects were recognized earlier than usual during the current period and increased 57% year on year.」
Sales from government-demand projects were recognized earlier than usual, and sales from those projects increased 57% year on year. The relationship between the timing of orders and completion and sales recognition is reflected in sales of ¥11,191 million, up 15.2% year on year. - 2026-08-10RestatedResults
「現段階におきましては、2026年5月14日に発表しました業績予想に変更はありません。」
2027年3月期の売上高20,690百万円、営業利益1,570百万円、経常利益1,280百万円、親会社株主に帰属する当期純利益880百万円の業績予想を変更なく再確認している。 - FY2026Decrease in contracts received, increase in contracts executed, and increase in contracts outstanding at period-endAnnual report
「Opening contracts outstanding 14,963,945 Contracts received during the period 20,089,563 94.8 Contracts executed during the period 18,856,477 102.5 Ending contracts outstanding 16,197,031 108.2」
While contracts received during the period declined to 94.8% of the prior-year level, contracts executed during the period were 102.5% and contracts outstanding at the end of the period were 108.2%, indicating an accumulation of the order backlog. - FY2025AdvancedAnnual report
「Opening contracts outstanding 12,178,561 Contracts received during the period 21,183,176 107.9 Contracts executed during the period 18,397,791 107.1 Ending contracts outstanding 14,963,945 122.9」
Contracts received during the period totaled ¥21,183 million, contracts executed during the period totaled ¥18,398 million, and contracts outstanding at the end of the period totaled ¥14,964 million, representing an increase to 122.9% of the prior-year level. The figures specifically show the accumulation of orders and contracts outstanding. - FY2024AdvancedAnnual report
「Opening contracts outstanding 9,728,542 Contracts received during the period 19,625,814 121.4 Contracts executed during the period 17,175,795 109.1 Ending contracts outstanding 12,178,561 125.2」
Reflecting the impact of the decline in orders carried forward at the beginning of the previous fiscal year, contracts received during the period increased to 121.4% of the prior-year level and contracts outstanding at the end of the period to 125.2%, with the accumulation of orders and contracts outstanding leading to sales of ¥17,175 million. - FY2024-Q3AdvancedAnnual report
「As a result, partly because orders carried forward at the beginning of the period increased by ¥612 million from the previous period, sales were ¥12,140 million, up 4.8% year on year.」
The ¥612 million increase in orders carried forward at the beginning of the period from the previous period contributed to sales, which were ¥12,140 million, up 4.8% year on year. The cumulative-period figures confirm that carried-forward orders led to sales recognition. - FY2024-Q2AdvancedAnnual report
「As a result, partly because orders carried forward at the beginning of the period increased by ¥612 million from the previous period, sales were ¥8,076 million, up 4.6% year on year, operating income was ¥281 million, compared with an operating loss of ¥43 million in the same quarter of the previous year, and ordinary income was ¥334 million, compared with an ordinary loss of ¥32 million in the same quarter of the previous year.」
Orders carried forward at the beginning of the period, which had declined in the previous fiscal year, increased by ¥612 million and contributed to the 4.6% year-on-year increase in sales. The figures confirm that carried-forward orders led to sales recognition. - FY2023Full-year revenue decline due to fewer orders carried forward at the beginning of the periodAnnual report
「Orders received during the period were on plan, but orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, contributing to sales of ¥15,736 million, down 4.2% year on year.」
While orders received during the period were on plan, orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, and sales were ¥15,736 million, down 4.2% year on year. - FY2023-Q3Continued revenue decline due to fewer carried-forward ordersAnnual report
「As a result, although orders received during the period were broadly on plan, orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, contributing to sales of ¥11,589 million, down 5.0% year on year.」
While orders received during the period were broadly on plan, orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, and sales declined 5.0% year on year. - FY2023-Q1Revenue decline due to fewer carried-forward orders and fewer completed projectsAnnual report
「Although order-taking activity was broadly on plan, orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, and fewer projects were scheduled for completion in the first quarter than in the previous period, resulting in sales of ¥3,574 million, down 12.5% year on year.」
While order-taking activity was broadly on plan, orders carried forward at the beginning of the period decreased by ¥700 million from the previous period, and the number of projects scheduled for completion in the first quarter also declined, resulting in a 12.5% year-on-year decrease in sales. - FY2022AdvancedAnnual report
「Opening contracts outstanding 9,432,760 Contracts received during the period 16,279,922 104.2 Contracts executed during the period 16,420,559 108.8 Ending contracts outstanding 9,292,122 98.5」
Orders carried forward at the beginning of the period in the private-sector market contributed to sales, which were ¥16,420 million, up 8.8% year on year. Contracts outstanding at the end of the period totaled ¥9,292 million. - FY2022-Q2RestatedAnnual report
「Accordingly, although the company had applied the completed-contract method to construction contracts, from the current fiscal year it has changed to a method of recognizing revenue over time as performance obligations are satisfied.」
For construction contracts, the company continues to apply the change from the completed-contract method to revenue recognition over time as performance obligations are satisfied. - FY2022-Q1ReframedAnnual report
「Accordingly, although the company had applied the completed-contract method to construction contracts, from the current fiscal year it has changed to a method of recognizing revenue over time as performance obligations are satisfied.」
In addition to explaining the timing of sales recognition due to carried-forward orders and concentration in the second half, the company changed its accounting method for construction contracts from the completed-contract method to revenue recognition over time. - FY2021AdvancedAnnual report
「Total 8,911,100 15,617,682 93.4 15,096,022 104.5 9,432,760 105.9」
Contracts received during the year totaled ¥15,617 million, contracts executed during the year totaled ¥15,096 million, and contracts outstanding at year-end totaled ¥9,432 million, representing 105.9% of the prior-year level. - FY2021-Q3AdvancedAnnual report
「As a result, sales, with a significant contribution from carried-forward orders related to government demand from the previous fiscal year, were ¥10,952 million, up 10.3% year on year.」
Carried-forward orders related to government demand from the previous fiscal year continued to contribute, with sales of ¥10,952 million, up 10.3% year on year. The figures show the progress by which carried-forward orders led to sales recognition. - FY2021-Q2AdvancedAnnual report
「As a result, sales, with a significant contribution from carried-forward orders related to government demand from the previous fiscal year, were ¥8,139 million, up 21.0% year on year.」
The company states that carried-forward orders related to government demand from the previous fiscal year made a significant contribution to sales for the quarter, together with sales of ¥8,139 million and a 21.0% year-on-year increase. - FY2021-Q1Revenue growth from carried-forward ordersAnnual report
「As a result, sales, including orders carried forward from the previous fiscal year, were ¥3,790 million, up 22.4% year on year.」
The company explains that orders carried forward from the previous fiscal year contributed to first-quarter sales, again describing the relationship between orders received and the timing of sales recognition. - FY2020Increase in contracts outstanding at the end of the periodAnnual report
「Total 6,627,247 16,723,684 119.2 14,439,831 98.4 8,911,100 134.5」
Contracts received during the year totaled ¥16,723 million and contracts outstanding at year-end totaled ¥8,911 million, representing 134.5% of the prior-year level. The figures show the relationship between the order backlog and the timing of sales recognition. - FY2020-Q3Further postponement of scheduled completion and continued timing gap in sales recognitionAnnual report
「As a result, although order-taking activity remained steady, many contracts were scheduled for completion from the fourth quarter of the current fiscal year through the next fiscal year, and sales for the third quarter cumulative period were ¥9,927 million, down 4.5% year on year.」
While order-taking activity remained steady, many contracts were scheduled for completion from the fourth quarter of the current fiscal year into the next fiscal year, and the timing gap in sales recognition has continued. - FY2020-Q2RestatedAnnual report
「As a result, although order-taking activity remained steady, many contracts were scheduled for completion from the third quarter onward, and sales for the second quarter cumulative period were ¥6,726 million, down 8.4% year on year.」
While stating that order-taking activity remained steady, the company continues to explain the timing gap between orders received and sales recognition, as many contracts were scheduled for completion from the third quarter onward. - FY2020-Q1Restatement of the timing gap between orders received and sales recognitionAnnual report
「As a result, although order-taking activity remained steady, many contracts were scheduled for completion from the second quarter onward, and sales for the first quarter cumulative period were ¥3,097 million, down 6.9% year on year.」
While stating that order-taking activity remained steady, the company notes that many contracts were scheduled for completion from the second quarter onward and again explicitly mentions the timing gap between orders received and sales recognition. - FY2019-Q3DroppedAnnual reportIn the explanation of operating results for the third quarter, the company does not explicitly mention the previously stated concentration of sales in the second half or the progress rate against the full-year sales forecast.
- FY2019-Q2RestatedAnnual report
「As a result, revenue for the second-quarter year-to-date period was ¥7,341 million, up 8.3% year on year, but because the Group's revenue has traditionally tended to be concentrated in the second half, progress against the full-year revenue forecast remained at 48.3%.」
The Company continues to explain the seasonality of revenue being concentrated in the second half and reports second-quarter year-to-date revenue growth of 8.3% year on year and progress against the full-year revenue forecast of 48.3%. - FY2019-Q1RestatedAnnual report
「As a result, revenue for the first-quarter year-to-date period was ¥3,326 million, up 6.1% year on year, but because the Group's revenue has traditionally tended to be concentrated in the second half, progress against the full-year revenue forecast remained at 21.9%.」
The Company continues to explain the seasonality of revenue being concentrated in the second half and reports first-quarter progress against the full-year revenue forecast of 21.9%. - FY2018DroppedAnnual reportThe current year's explanation of operating results does not identify the timing gap in revenue recognition or the concentration of revenue in the second half, as described at the quarterly stage, as an explicit theme.
- FY2018-Q2RestatedAnnual report
「As a result, revenue for the second-quarter year-to-date period was ¥6,777 million, up 2.4% year on year, but because the Group's revenue has traditionally tended to be concentrated in the second half, progress against the full-year revenue forecast remained at 45.2%.」
The Company continues to explain the seasonality of revenue being concentrated in the second half and reports second-quarter year-to-date progress against the full-year revenue forecast of 45.2%. - FY2018-Q1ReframedAnnual report
「As a result, revenue for the first-quarter year-to-date period was ¥3,135 million, up 8.0% year on year, but because the Group's revenue has traditionally tended to be concentrated in the second half, progress against the full-year revenue forecast remained at 20.9%.」
The focus has shifted from the previous explanation of the timing gap between contract value and revenue recognition to the seasonality of revenue being concentrated in the second half and progress of 20.9% against the full-year forecast. - FY2017DroppedAnnual reportThe current year's Annual Securities Report does not identify the timing gap between contract value and revenue recognition described in the quarterly report as an explicit theme.
- FY2017-Q2First statedAnnual report
「As a result, order-taking activity progressed steadily and contract value increased 10.8% year on year. However, many contracts were scheduled for completion from the third-quarter year-to-date period onward, and revenue for the second-quarter year-to-date period was ¥6,616 million, down 2.9% year on year.」
Although contract value increased, many contracts were scheduled for completion from the third-quarter year-to-date period onward and were therefore unlikely to be reflected in revenue for the current quarter, illustrating the relationship between order intake and the timing of revenue recognition.