Non-application of the Accounting Standard for Revenue Recognition and Planned Adoption for the Fiscal Year Ending March 2022
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: FY2025-H1.
64 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Goods transferred over time 8,513,260 12,436,825 Revenue from contracts with customers 10,588,971 14,386,054」
The Company continues to recognize revenue, including revenue from goods transferred over time, in accordance with the Revenue Recognition Accounting Standard. - FY2024RestatedAnnual report
「For construction contracts, the Company determines that performance obligations are satisfied over a period of time and recognizes revenue based on the progress toward satisfying those performance obligations.」
The Company continues to apply the Revenue Recognition Accounting Standard and recognizes revenue over time using an input method based on construction costs. - FY2022RestatedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) 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 the promised goods or services when control of those goods or services is transferred to the customer.」
The Company applied the Revenue Recognition Accounting Standard adopted from the first quarter for the full fiscal year, resulting in increases of ¥2,280,843 thousand in revenue and ¥34,981 thousand in operating income and other items. - FY2022-Q3RestatedAnnual report
「In addition, for the cumulative third quarter of the current consolidated fiscal year, revenue and cost of sales increased by ¥1,336,851 thousand and ¥1,309,748 thousand, respectively, while operating income, ordinary income, and income before income taxes increased by ¥27,103 thousand each.」
The accounting standards for revenue recognition applied from the first quarter continue to be applied, and the impact on the cumulative third-quarter period is disclosed. - FY2022-Q2RestatedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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. 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.」
The Company continues to apply the Revenue Recognition Accounting Standard adopted from the first quarter. For the cumulative second quarter, it also disclosed the amount of the impact on revenue and other items. - FY2022-Q1AchievedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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. 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.」
The Company adopted the Revenue Recognition Accounting Standard and related standards from the beginning of the first quarter of the current consolidated fiscal year. Construction revenue is generally recognized over time as performance obligations are satisfied, primarily using an input method based on costs incurred. As a result of the adoption, the opening balance of retained earnings decreased by ¥12,367 thousand, while revenue and operating income and other items for the quarter increased by ¥560,789 thousand and ¥4,831 thousand, respectively. - FY2019RestatedAnnual report
「(2) Scheduled adoption date The standards will be adopted from the beginning of the fiscal year ending March 2022.」
The Company continues to state that the timing of adoption of the revenue recognition accounting standard is scheduled and that the impact is under assessment. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018, Accounting Standards Board of Japan) Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 30 March 2018) (2) Scheduled adoption date The standards will be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standards The impact of adopting the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The Company first disclosed the new accounting standard and implementation guidance for revenue recognition as accounting standards not yet adopted, stating that adoption was scheduled from the beginning of the fiscal year ending March 2022 and that the impact was under assessment.