Adoption of revenue-recognition accounting standards from FY2022
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
125 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter under review each increased by ¥674 million, with no impact on operating income, ordinary income or profit before income taxes for the quarter.」
For the Revenue Recognition Accounting Standard and related standards applied from the first quarter, the company confirmed that revenue and cost of sales each increased by ¥674 million on a cumulative third-quarter basis, with no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative second quarter under review each increased by ¥617 million, with no impact on operating income, ordinary income or profit before income taxes for the quarter.」
For the Revenue Recognition Accounting Standard and related standards applied from the first quarter, the company confirmed that revenue and cost of sales each increased by ¥617 million on a cumulative second-quarter basis, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The Company applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard") and other 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 transfers to the customer. Previously, for contracts involving plant and equipment construction and other work, the percentage-of-completion method was applied when the outcome of the work could be reliably estimated, while the completed-contract method was applied when this requirement was not met. From the first quarter of the current consolidated fiscal year, the Company changed to a method of recognizing revenue over a period of time as performance obligations are satisfied.」
The Company began applying the Revenue Recognition Accounting Standard and related standards as planned from the beginning of the fiscal year ending March 2022. For plant and equipment construction and other work, it changed to recognizing revenue over a period of time as performance obligations are satisfied. Revenue and cost of sales each increased by ¥106 million, with no impact on profit. The fair value measurement accounting standards and related standards were also applied from the beginning of the same fiscal year. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company disclosed plans to apply the Accounting Standard for Revenue Recognition and related fair value measurement accounting standards from the beginning of the fiscal year ending March 2022.