Future Application of the Revenue Recognition Accounting Standard
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2023.
91 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Progress toward satisfying performance obligations is measured based on the proportion of construction costs incurred by the end of each reporting period to the total estimated construction costs.」
The company continues to disclose estimates of total construction costs and progress measurement based on the cost-to-cost method under the accounting standard for revenue recognition. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
The company continues to disclose its policy of adopting the accounting standard for revenue recognition from the beginning of the first-quarter consolidated accounting period and the related revenue recognition method. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The company adopted the accounting standard for revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending July 2022, from the beginning of the first-quarter consolidated accounting period. For construction projects, it changed to a method of recognizing revenue over time as performance obligations are satisfied, but stated that there was no impact on quarterly income or retained earnings at the beginning of the period. - FY2021RestatedAnnual report
「(2) Scheduled date of adoption: The standard is scheduled to be adopted from the beginning of the fiscal year ending July 2022. (3) Impact of adopting the accounting standard and related guidance: The impact is being assessed as of the preparation of the consolidated financial statements.」
The accounting standard for revenue recognition was scheduled to be adopted from the beginning of the fiscal year ending July 2022, and the impact remained under assessment. - FY2019RestatedAnnual report
「(2) Scheduled date of adoption: The standard is scheduled to be adopted from the beginning of the fiscal year ending July 2022. (3) Impact of adopting the accounting standard and related guidance: The impact is being assessed as of the preparation of the consolidated financial statements.」
The accounting standard for revenue recognition was scheduled to be adopted from the beginning of the fiscal year ending July 2022, and the impact was under assessment. The five-step revenue recognition model was also described. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The company continues to disclose that it adopted the amendments to the accounting standards for tax-effect accounting from the beginning of the first-quarter consolidated accounting period and changed the presentation classifications of deferred tax assets and liabilities. - FY2018First statedAnnual report
「(Accounting Standard for Revenue Recognition) - Accounting Standard for Revenue Recognition - Implementation Guidance on Accounting Standard for Revenue Recognition (2) Scheduled date of adoption: The standard is scheduled to be adopted from the beginning of the fiscal year ending July 2022. (3) Impact of adopting the accounting standard and related guidance: The impact is being assessed as of the preparation of the consolidated financial statements.」
The company disclosed that the new accounting standard for revenue recognition was scheduled to be adopted from the beginning of the fiscal year ending July 2022 and that the impact was under assessment.