Impact of fluctuations in cost estimates for contracted services on revenue recognition and subsequent-period performance
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes in the matters described in this semiannual report concerning the status of operations, financial position and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Disclosed that there were no material changes in business and other risks, including the impact of changes in cost estimates for contract work on revenue recognition and the following fiscal year's results. - FY2025Updated the full-year revenue recognition estimateAnnual report
「Revenue recognized over time as performance obligations were satisfied amounted to ¥24,344,135 thousand, of which revenue related to projects in progress at the end of the fiscal year amounted to ¥14,000,095 thousand.」
Updated full-year recognized revenue and the amount related to projects in progress at the end of the fiscal year in connection with the possibility that changes in cost estimates for contract work could affect the following fiscal year's results. - FY2024-H1RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes in the matters described in this semiannual report concerning the status of operations, financial position and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Disclosed that there were no material changes in business and other risks, including the impact of changes in cost estimates for contract work on revenue recognition and the following fiscal year's results. - FY2023RestatedAnnual report
「Amounts recognized in the consolidated financial statements for the current consolidated fiscal year」
For estimates relating to revenue recognition for contract work, disclosed revenue recognized over time of ¥22,371 million, including ¥11,928 million related to projects in progress at the end of the fiscal year, and reiterated the possibility that changes in cost estimates could affect the following fiscal year's results. - FY2022First statedAnnual report
「As the work generally extends over a long period, these estimates may be affected as the work progresses by changes in specifications, personnel costs, subcontracting costs and other factors, and may affect the results for the following consolidated fiscal year.」
The potential impact of changes in specifications, personnel costs, subcontracting costs and other factors on the following fiscal year's results was newly identified as a material risk concerning estimates of total contract costs used in revenue recognition. Revenue recognized over time as performance obligations were satisfied amounted to ¥22,294 million, of which ¥11,796 million related to projects in progress at the end of the fiscal year.