Application of the Revenue Recognition Accounting Standard and Recognition of Construction Revenue Over Time
First written in FY2022-Q1. 4 of 10 entries say "Restated". Latest entry: FY2026.
16 other companies' latest entry also says "Other".
- FY2026Updated the full-year amount of revenue recognized.Annual report
「Revenue recognized over time: ¥62,306 million」
Revenue recognized over time in FY2026 was ¥62.306 billion, up from ¥59.350 billion in the previous fiscal year. Progress continued to be estimated as the ratio of costs incurred to estimated total costs. - FY2025Added the full-year amount of revenue recognized.Annual report
「Revenue recognized over time: ¥59,350 million」
Revenue recognized over time in FY2025 was ¥59.350 billion, down from ¥63.494 billion in the previous fiscal year. Progress continued to be estimated as the ratio of costs incurred to estimated total costs (the input method). - FY2024Added the full-year amount of revenue recognized.Annual report
「Revenue recognized over time: ¥63,494 million」
Revenue recognized over time in FY2024 was ¥63.494 billion. The company continued its policy of estimating progress on construction contracts as the ratio of costs incurred to estimated total costs (the input method). - FY2023RestatedAnnual report
「For construction contracts, control of the goods or services is transferred to the customer over a period of time. Accordingly, except for construction projects of very short duration, the company estimates the progress toward satisfaction of performance obligations and recognizes revenue over time based on that progress.」
The company continued to recognize revenue over time using the input method to estimate construction progress. - FY2023-Q3RestatedAnnual report
「The company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current consolidated fiscal year and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. The progress toward satisfaction of performance obligations is estimated mainly as the ratio of costs incurred to estimated total costs (the input method). The application of the revenue recognition accounting standard and related standards follows the transitional treatment prescribed in paragraph 84 of the revenue recognition accounting standard, but had no impact on the opening balance of retained earnings. It also had no impact on profit or loss for the cumulative third quarter of the current consolidated fiscal year.」
The company continued to explain its policy for applying the revenue recognition accounting standard, its method of calculating the progress ratio based on the ratio of costs incurred, and the absence of any impact on profit or loss for the cumulative third quarter. - FY2023-Q2Disclosed the impact of the change in the revenue recognition standard for Port Operations.Annual report
「Revenue was ¥26.203 billion, down 10.4% year on year. Overall, operations progressed smoothly without any significant delays in the construction schedule, but group-wide revenue declined due to factors including a decrease in construction projects generating revenue in Port Operations and the change in the revenue recognition standard from the first quarter of the previous fiscal year.」
The company explained that the decline in group-wide revenue was caused by a decrease in revenue-generating construction projects in Port Operations and the change in the revenue recognition standard from the first quarter of the previous fiscal year, rather than delays in the construction schedule. - FY2023-Q1Disclosed the impact of the change in the revenue recognition standard for Port Operations.Annual report
「Revenue was ¥12.613 billion, down 24.5% year on year. Overall, operations progressed smoothly without any significant delays in the construction schedule, but revenue declined because of the impact of the change in the revenue recognition standard for Port Operations from the same quarter of the previous year.」
The company explained that the year-on-year decline in revenue in Port Operations was caused by the change in the revenue recognition standard from the same quarter of the previous year, rather than delays in construction progress. - FY2022-Q3RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “revenue recognition accounting standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. The progress toward satisfaction of performance obligations is estimated mainly as the ratio of costs incurred to estimated total costs (the input method). The application of the revenue recognition accounting standard and related standards follows the transitional treatment prescribed in paragraph 84 of the revenue recognition accounting standard, but had no impact on the opening balance of retained earnings. It also had no impact on profit or loss for the cumulative third quarter of the current consolidated fiscal year.」
The company continued to explain its policy for applying the revenue recognition accounting standard, its method of calculating the progress ratio based on the ratio of costs incurred, and the absence of any impact on profit or loss for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「The company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current consolidated fiscal year and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. There was no impact on the opening balance of retained earnings. There was also no impact on profit or loss for the cumulative second quarter of the current consolidated fiscal year.」
The company continued to apply its revenue recognition accounting policy and explained that there was no impact on profit or loss for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, for performance obligations satisfied over time, except for construction projects of very short duration, the company estimates the progress toward satisfaction of the performance obligation and recognizes revenue over time based on that progress. For performance obligations satisfied at a point in time, revenue is recognized when construction is completed.」
Applied the revenue recognition accounting standard and related standards from 1 April 2021, introducing a policy of recognizing revenue based on progress for construction projects performed over time. The company stated that there was no impact on the opening balance of retained earnings or on profit or loss for the quarter.