Adoption of the accounting standard for revenue recognition from the fiscal year ending March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
For the revenue recognition standard applied from the beginning of the fiscal year ending March 2022, the company described throughout the fiscal year how it applied recognition over a period of time and the cost recovery method for construction contracts, among other treatments. - FY2022-Q3RestatedAnnual report
「As a result, for revenue recognition related to construction contracts, the company had previously applied the percentage-of-completion method to construction contracts for which the certainty of results for the completed portion was recognized, and the completed-contract method to other construction contracts. The company has changed to a method of recognizing revenue over a period of time as performance obligations are satisfied, except for construction projects with extremely short contract periods.」
For construction contracts after application of the revenue recognition standard, the company described the accounting treatment of recognizing revenue over a period of time, the input method and the cost recovery method, among others. - FY2022-Q1AchievedAnnual 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 company applied the Accounting Standard for Revenue Recognition and related standards from 1 April 2021, although application had initially been scheduled from the beginning of the fiscal year ending March 2022. For construction contracts, the company changed its method of recognizing revenue, in principle, to recognition over a period of time as performance obligations are satisfied. - FY2021RestatedAnnual report
「(2) Scheduled date of application Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continued to plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「Accounting Standard for Revenue Recognition and Implementation Guidance on Accounting Standard for Revenue Recognition / Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continued to plan to apply the revenue recognition standard from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition and Implementation Guidance on Accounting Standard for Revenue Recognition / Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company stated that it planned to apply the new revenue recognition standard from the beginning of the fiscal year ending March 2022 and was assessing the impact as of the date of preparation of the financial statements.