Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending July 2022
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2023.
123 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Under construction contracts with customers, the Group is obligated to perform construction and deliver the completed work. For construction contracts, the Group estimates the progress toward satisfying its performance obligations and recognizes revenue over a period of time based on that progress.」
Recognition over time based on the Revenue Recognition Standard applied from the beginning of the fiscal year ending July 2022 continues in the consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and related standards are applied from the beginning of the first quarter, and 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 is transferred to the customer.」
It has been reconfirmed that the Revenue Recognition Standard and related standards have been applied since the beginning of the first quarter of FY2022 and that the method of recognizing revenue after adoption is based on that standard. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied from the beginning of the first quarter of the current fiscal year,」
The application of the revenue recognition accounting standards planned in the previous fiscal year was implemented from the beginning of the first quarter of FY2022. - FY2021First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending July 2022.」
The plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending July 2022 is described for the first time. The impact is stated to be under evaluation at this time.