Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025.
SRA Holdings moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「When recognizing revenue under the percentage-of-completion method, the Group had allocated consideration for performance obligations over the relevant period by dividing contractual deliverables into work-process units, determining the value of each work process, and using the ratio of the value of completed work processes to the value of all work processes as the measure of progress, an output method. From the consolidated fiscal year, however, one consolidated subsidiary changed to an input method, under which progress is measured as the ratio of costs actually incurred to the total budgeted project costs, in order to adopt a more appropriate calculation method following the introduction of a new core system.」
In addition to continuing to apply the revenue recognition standard, one consolidated subsidiary changed its method of measuring progress under the percentage-of-completion method from the output method to the input method. - FY2022-Q3RestatedAnnual 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 first quarter 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 continues to apply the revenue recognition standard adopted from the beginning of the first-quarter consolidated accounting period. - FY2022-Q2RestatedAnnual 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 first quarter 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 continues to apply the revenue recognition standard adopted from the beginning of the first-quarter consolidated accounting period and stated that its impact on the cumulative second-quarter period was immaterial. - FY2022-Q1First statedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, revised 31 March 2020) and other standards from the beginning of the cumulative first-quarter consolidated accounting period. Accordingly, 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 is transferred to the customer.」
The company applied the revenue recognition standard and other standards from the beginning of the first-quarter consolidated accounting period and changed to revenue recognition based on the point at which control is transferred to the customer. It stated that the impact of the application on business results and retained earnings at the beginning of the period was immaterial.