Application of the Revenue Recognition Accounting Standard
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2023.
98 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Revenue for the consolidated fiscal year increased by ¥37 million, cost of sales increased by ¥25 million, and operating profit, ordinary profit and profit before income taxes increased by ¥12 million each.」
The full-year impact of the revenue recognition accounting standards on the financial figures continues to be disclosed. - FY2022RestatedAnnual report
「As a result, revenue for the consolidated fiscal year increased by ¥37 million, cost of sales increased by ¥25 million, and operating profit, ordinary profit and profit before income taxes increased by ¥12 million each. Retained earnings at the beginning of the fiscal year increased by ¥4 million.」
The disclosure reported the full-year impact of the revenue recognition accounting standards as increases of ¥37 million in revenue, ¥12 million in operating profit and other relevant figures, and ¥4 million in retained earnings at the beginning of the fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine-month period ended the third quarter increased by ¥411 million, cost of sales increased by ¥313 million, and operating profit, ordinary profit and profit before income taxes increased by ¥97 million each. Retained earnings at the beginning of the fiscal year increased by ¥4 million.」
The disclosure reported the impact of the revenue recognition accounting standards already applied on the nine-month period as increases of ¥411 million in revenue, ¥97 million in operating profit and other relevant figures, and ¥4 million in retained earnings at the beginning of the fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six-month period ended the second quarter increased by ¥256 million, cost of sales increased by ¥211 million, and operating profit, ordinary profit and profit before income taxes increased by ¥45 million each. Retained earnings at the beginning of the fiscal year increased by ¥4 million.」
The disclosure reported the impact of the revenue recognition accounting standards already applied on the six-month period as increases of ¥256 million in revenue, ¥45 million in operating profit and other relevant figures, and ¥4 million in retained earnings at the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards from the beginning of the first-quarter consolidated 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 revenue recognition accounting standards, for which the Company had announced plans in the previous fiscal year, were applied from the first quarter beginning 1 April 2021. For construction contracts, revenue recognition was changed to a method based on satisfaction of performance obligations. As a result, quarterly revenue increased by ¥142 million, operating profit and other relevant figures increased by ¥27 million, and retained earnings at the beginning of the fiscal year increased by ¥4 million. - FY2021First statedAnnual report
「The standards will be applied from the beginning of the consolidated fiscal year commencing on or after 1 April 2021. ... The impact of this application on retained earnings at the beginning of the fiscal year will be an increase of ¥22 million.」
The accounting standards for revenue recognition and related standards will be applied from the beginning of the consolidated fiscal year commencing on or after 1 April 2021, changing part of the completed-contract method to revenue recognition based on the percentage of completion. The impact on retained earnings at the beginning of the fiscal year is an increase of ¥22 million.