Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2019. 9 of 12 entries say "Restated". Latest entry: FY2025.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Revenue recognized for construction contracts and other arrangements involving performance obligations satisfied over a period of time totaled ¥5,271.782 million for the fiscal year under review.」
The company continues to recognize revenue based on the degree of progress under the revenue recognition accounting standard. - FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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 has continued applying the revenue recognition accounting standard throughout the fiscal year. - FY2023-Q3RestatedAnnual report
「Although overall progress was broadly in line with expectations despite a lower opening order backlog than in the previous fiscal year, higher expenses for handling projects and other matters resulted in lower revenue and lower profit.」
The company continues to recognize revenue using the percentage-of-completion method following the change in the revenue recognition accounting standard. - FY2023-Q2RestatedAnnual report
「Since the previous fiscal year, the company has recognized revenue based on the percentage-of-completion method following the change in the revenue recognition accounting standard, but it operated with a lower opening order backlog than in the previous fiscal year.」
The company continues to recognize revenue using the percentage-of-completion method following the change in the revenue recognition accounting standard. - FY2023-Q1RestatedAnnual report
「Since the previous fiscal year, the company has recognized revenue based on the percentage-of-completion method following the change in the revenue recognition accounting standard, but it operated with a lower opening order backlog than in the previous fiscal year.」
The company continues to recognize revenue using the percentage-of-completion method following the change in the revenue recognition accounting standard. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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 disclosed the full-year impact of continuing to apply the revenue recognition accounting standard, including increases of ¥325 million in revenue, ¥117 million in operating profit and related items, and ¥61.9 million in opening retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine-month period ended increased by ¥493.639 million, cost of sales increased by ¥314.018 million, and operating profit, ordinary profit and profit before income taxes increased by ¥179.621 million each. The opening balance of retained earnings also increased by ¥61.870 million.」
The company disclosed the impact of the revenue recognition accounting standard, applied from the beginning of the first quarter, on revenue, profit and opening retained earnings for the nine-month period. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six-month period ended increased by ¥350.894 million, cost of sales increased by ¥220.042 million, and operating profit, ordinary profit and profit before income taxes increased by ¥130.852 million each. The opening balance of retained earnings also increased by ¥61.870 million.」
The company disclosed the actual impact of the revenue recognition accounting standard, applied from the beginning of the first quarter, on revenue, profit and opening retained earnings for the six-month period. - FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the first quarter of the current fiscal year. Key management indicators for the six months ended 30 June reflect application of these standards.」
The company applied the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. Revenue from performance obligations satisfied over a period of time was recognized based on the degree of progress, increasing revenue for the quarter by ¥218 million and operating profit and other income by ¥79 million. - FY2021AdvancedAnnual report
「Regarding the impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards, the cumulative effect of retrospectively applying the new accounting policy before the beginning of the fiscal year ending March 2022 will be added to or deducted from retained earnings at the beginning of that fiscal year, and the new accounting policy will then be applied from that opening balance. The impact on retained earnings at the beginning of the fiscal year is ¥72.789 million.」
The company reconfirmed its policy of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and specified the impact on opening retained earnings as ¥72.789 million. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and states that the impact on the consolidated financial statements is still being assessed.