Application of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
12 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards resulted in a ¥80.452 million decrease in revenue and a ¥13.100 million decrease in both operating profit and ordinary profit.」
The company disclosed the full-year impact on revenue, operating profit and ordinary profit of the Revenue Recognition Standard applied from Fiscal Year 20. - FY2023-Q3RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards resulted in a ¥105.256 million decrease in revenue and a ¥17.069 million decrease in both operating profit and ordinary profit.」
The company disclosed the impact on revenue, operating profit and ordinary profit for the nine months ended Q3 of the Revenue Recognition Standard applied from the first quarter. - FY2023-Q2RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition and other standards resulted in a ¥58.648 million decrease in revenue and a ¥9.624 million decrease in both operating profit and ordinary profit.」
The company disclosed the cumulative second-quarter impact on performance of the Accounting Standard for Revenue Recognition applied from the first quarter. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current fiscal year and recognize revenue 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. Previously, revenue from construction contracts was recognized at a point in time. From the first quarter of the current fiscal year, performance obligations satisfied over a period of time are recognized as revenue over that period based on the estimated progress toward satisfying the performance obligations.」
The Accounting Standard for Revenue Recognition was applied from the first quarter beginning on 1 February 2022, and some construction contracts were changed to revenue allocation over time based on progress. Revenue decreased by ¥41.122 million, while operating loss and ordinary loss each increased by ¥10.059 million.