Adoption of the revenue recognition accounting standard and recognition based on progress toward satisfying performance obligations
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2025.
91 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The performance obligation under a contract is primarily the production and delivery of deliverables specified in the contract with the customer. As the Company determines that the performance obligation is satisfied over a certain period, it estimates progress toward satisfaction of the performance obligation and applies a method of recognizing revenue over that period based on the estimated progress.」
The Company continues to recognize revenue over a certain period based on progress toward satisfaction of the performance obligation under contracts. - FY2022RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the 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, the Company applied the completed-contract method or the percentage-of-completion method to software produced to order. From the current fiscal year, for performance obligations satisfied over a certain period, it changed to a method of estimating progress toward satisfaction of the performance obligation and recognizing revenue over that period based on the estimated progress.」
The Company applied the Revenue Recognition Accounting Standard from the beginning of the fiscal year and reaffirmed in its annual financial statements its policy of recognizing revenue based on progress for performance obligations satisfied over a certain period. It states that there was no impact on profit or loss. - FY2022-Q3RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter accounting period. 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 reiterated that it has applied the revenue recognition accounting standard and related standards from the beginning of the first-quarter accounting period. It continues to recognize revenue based on progress for performance obligations satisfied over a certain period. - FY2022-Q2RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter accounting period. 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 reiterated that it has applied the revenue recognition accounting standard and related standards from the beginning of the first-quarter accounting period. It states that there was no impact on profit or loss for the cumulative second-quarter period or on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first-quarter accounting period. 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, the Company applied the completed-contract method or the percentage-of-completion method to software produced to order. From the first-quarter accounting period, for performance obligations satisfied over a certain period, it changed to a method of estimating progress toward satisfaction of the performance obligation and recognizing revenue over that period based on the estimated progress.」
The Company applied the revenue recognition accounting standard and related standards from the beginning of the first-quarter accounting period and changed to a method of recognizing revenue based on progress for performance obligations satisfied over a certain period. It states that there was no impact on profit or loss for the cumulative first-quarter period or on the opening balance of retained earnings.