Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
7 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, construction revenue for the cumulative third quarter of the current consolidated fiscal period increased by ¥7,080 million, construction costs increased by ¥6,740 million, and operating profit, ordinary profit, and profit before income taxes for the quarter each increased by ¥340 million.」
The impact through the cumulative third quarter of applying the Accounting Standard for Revenue Recognition from the first quarter continued to be disclosed. - FY2022-Q2RestatedAnnual report
「As a result, construction revenue for the cumulative second quarter of the current consolidated fiscal period increased by ¥6,434 million, construction costs increased by ¥6,150 million, and operating profit, ordinary profit, and profit before income taxes for the quarter each increased by ¥283 million.」
The impact through the cumulative second quarter of applying the Accounting Standard for Revenue Recognition from the first quarter continued to be disclosed. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The Accounting Standard for Revenue Recognition and related standards were applied from 1 April 2021, resulting in changes to the accounting treatment for revenue recognition over time under construction contracts and the net presentation of transactions conducted as an agent. As a result of the application, first-quarter net sales increased by ¥4,417 million and operating profit and other items increased by ¥219 million.