Change in revenue recognition from the shipment basis to the delivery-date basis
First written in FY2017-Q2. 2 of 5 entries say "Cited as achieved", first in FY2018. Latest entry: FY2019.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2019Cited as achievedAnnual report
「From the 84th fiscal year, the revenue recognition basis was changed, and the related key management indicators and other information for the 83rd fiscal year are presented after retrospective application.」
The past change in the revenue recognition basis is reproduced as an explanation of the comparative information for key management indicators. - FY2018Cited as achievedAnnual report
「From the 84th fiscal year, the revenue recognition basis was changed, and the related key management indicators and other information for the 83rd fiscal year are presented after retrospective application.」
The past change in revenue recognition from the shipping-date basis to the delivery-date basis is cited in the explanation of comparative information. - FY2018-Q1DroppedAnnual reportThe main text and notes for the current quarter contain no explicit description of the change in the revenue recognition method from the shipping-date basis to the delivery-date basis.
- FY2017-Q3RestatedAnnual report
「The Company and its consolidated subsidiaries had previously recognized revenue mainly on the shipping-date basis, but from the first quarter of the current consolidated fiscal year, have changed to recognizing revenue on the delivery date based on the contractual terms and other conditions.」
The company continues to disclose the change in revenue recognition from the shipping-date basis to the delivery-date basis and its retrospective application. - FY2017-Q2First statedAnnual report
「The Company and its consolidated subsidiaries had previously recognized revenue mainly on the shipping-date basis, but from the first quarter of the current consolidated fiscal year, have changed to recognizing revenue on the delivery date based on the contractual terms and other conditions.」
The revenue recognition method was changed and applied retrospectively to more appropriately reflect the substance of sales based on agreements with customers.