Adoption of the revenue recognition standard and changes in revenue recognition methods
First written in FY2021-Q1. 8 of 12 entries say "Restated". Latest entry: 2026-05-27.
25 other companies' latest entry also says "Restated".
- 2026-05-27RestatedGeneral Meetings of Shareholders
「The Company applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021; hereinafter, the “Revenue Recognition Implementation Guidance”). For contracts with customers, the Company recognizes revenue based on the following 5-step approach when control of the promised goods or services is transferred to the customer, at the amount of consideration it expects to be entitled to receive in exchange for those goods or services.」
The Company continues to describe its revenue recognition policy under the Revenue Recognition Accounting Standard. - FY2026-H1RestatedAnnual report
「By applying the alternative treatment prescribed in Paragraph 95 of the Implementation Guidance on the Accounting Standard for Revenue Recognition, construction contracts for which revenue is recognized when the performance obligation has been fully satisfied are included in goods or services transferred at a point in time.」
Under the revenue recognition accounting standard and related standards, the company continues to recognize revenue from construction contracts according to when the performance obligations are satisfied and disclose revenue arising from contracts with customers on a disaggregated basis. - FY2025-H1RestatedAnnual report
「By applying the alternative treatment prescribed in Paragraph 95 of the Implementation Guidance on the Accounting Standard for Revenue Recognition, construction contracts for which revenue is recognized when the performance obligation has been fully satisfied are included in goods or services transferred at a point in time.」
Under the revenue recognition accounting standard and related standards, the company continues to recognize revenue from construction contracts according to when the performance obligations are satisfied and disclose disaggregated revenue. - FY2024-Q2RestatedAnnual report
「By applying the alternative treatment prescribed in Paragraph 95 of the Implementation Guidance on the Accounting Standard for Revenue Recognition, construction contracts for which revenue is recognized when the performance obligation has been fully satisfied are included in goods or services transferred at a point in time.」
The company continues to disclose the revenue recognition method for construction contracts under the revenue recognition accounting standard and related standards, as well as the treatment of contracts for which revenue is recognized when the performance obligation has been fully satisfied. - FY2023RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 26 March 2021; hereinafter, the “Revenue Recognition Implementation Guidance”).」
The company continues to apply the revenue recognition accounting standard and related standards and recognize revenue based on performance obligations relating to construction contracts and product sales. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 28-15 of the Accounting Standard for Quarterly Financial Reporting (Accounting Standard No. 12, 31 March 2020), no information disaggregating revenue arising from contracts with customers for the nine months ended the third quarter of the previous consolidated fiscal year is presented.」
The company continues to apply the revenue recognition accounting standard and related standards, and discloses revenue arising from contracts with customers disaggregated into transfers at a point in time and transfers over time. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 28-15 of the Accounting Standard for Quarterly Financial Reporting (Accounting Standard No. 12, 31 March 2020), no information disaggregating revenue arising from contracts with customers for the six months ended the second quarter of the previous consolidated fiscal year is presented.」
The company continues to apply the revenue recognition accounting standard and related standards, and discloses quarterly revenue from contracts with customers disaggregated into transfers at a point in time and transfers over time. - FY2022-Q1RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the current first-quarter consolidated accounting period.」
The company continues to apply the revenue recognition accounting standard and related standards from the beginning of the first quarter. It discloses a disaggregation of revenue into goods or services transferred at a point in time and those transferred over time. - FY2021AchievedAnnual report
「The revenue recognition accounting standard and related standards have been applied from the beginning of the current consolidated fiscal year. Revenue is recognized 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. As a result, net sales and cost of sales for the current consolidated fiscal year decreased by ¥290 million each, with no impact on operating income, ordinary income or net income before income taxes and other adjustments.」
The company completed the initial application at the beginning of the fiscal year of the revenue recognition accounting standard and changes to the recognition methods for construction contracts, agency transactions and variable consideration, and disclosed a full-year decrease of ¥290 million each in net sales and cost of sales, with no impact on profit. - FY2021-Q3AdvancedAnnual report
「As a result, net sales and cost of sales for the nine months ended the third quarter decreased by ¥41 million and ¥40 million, respectively, while operating income, ordinary income and quarterly net income before income taxes and other adjustments each decreased by ¥1 million. There was also no impact on the beginning balance of retained earnings for the current fiscal year.」
Regarding the revenue recognition accounting standard applied from the first quarter, the company specifies that for the nine-month period, net sales decreased by ¥41 million, cost of sales by ¥40 million and operating income and related items by ¥1 million. There was no impact on the beginning balance of retained earnings. - FY2021-Q2AdvancedAnnual report
「As a result, net sales and cost of sales for the six months ended the second quarter decreased by ¥41 million each. There was no impact on operating income, ordinary income or quarterly net income before income taxes and other adjustments. There was also no impact on the beginning balance of retained earnings for the current fiscal year.」
Regarding the revenue recognition accounting standard applied from the first quarter, the company specifically states that net sales and cost of sales each decreased by ¥41 million for the six-month period, with no impact on profit. - FY2021-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, issued on 30 March 2018; hereinafter, the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, issued on 30 March 2018) from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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 revenue recognition accounting standard has been applied from the beginning of the first quarter of the current fiscal year, with revenue from construction contracts recognized over time as performance obligations are satisfied, revenue from agency transactions recognized on a net basis, and variable consideration recognized using a method that takes uncertainty into account.