Adoption of the Revenue Recognition Standard and Changes to Revenue Presentation
First written in FY2023-Q1. 6 of 7 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「When the progress toward satisfying a performance obligation can be reasonably estimated, we recognize revenue based on the percentage of completion.」
We continue the policy of recognizing revenue from cloud integration and other services based on the percentage of completion or the contract period, in accordance with the Revenue Recognition Standard. - FY2025RestatedAnnual report
「When the progress toward satisfying a performance obligation can be reasonably estimated, we recognize revenue based on the percentage of completion.」
We continue the policy of recognizing revenue from cloud integration and other services based on the percentage of completion or the contract period, in accordance with the Revenue Recognition Standard. - FY2024RestatedAnnual report
「Our financial statements are prepared in accordance with the Regulations Concerning Terminology, Forms and Preparation Methods of Financial Statements and Other Matters.」
We continue to apply the Revenue Recognition Standard and recognize revenue based on the percentage of completion. - FY2023RestatedAnnual report
「As a result, net sales for the fiscal year increased by ¥48.216 million, cost of sales increased by ¥28.577 million, and operating income, ordinary income and profit before income taxes for the fiscal year each increased by ¥19.638 million. In addition, the beginning balance of retained earnings carried forward increased by ¥6.871 million.」
We continue to apply the Revenue Recognition Standard and disclose its impact on FY2023 net sales, profit and retained earnings carried forward. - FY2023-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter increased by ¥33.830 million, cost of sales increased by ¥22.799 million, and operating income, ordinary income and profit before income taxes for the quarter increased by ¥11.030 million.」
We continue to apply the Revenue Recognition Standard and disclose its impact on net sales and profit for the cumulative third quarter. There has been no material change to the accounting policy itself. - FY2023-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter increased by ¥41.545 million, cost of sales increased by ¥27.280 million, and operating income, ordinary income and profit before income taxes for the quarter each increased by ¥14.265 million.」
We continue to apply the Revenue Recognition Standard and disclose the amount of its impact for the cumulative second quarter. There has been no material change to the accounting policy itself. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current fiscal year, and recognize revenue when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
For cloud integration, we changed, in principle, to a method of recognizing all projects over a specified period based on the percentage of completion, and changed certain cloud license resale transactions to net presentation as an agent. As a result of the application, net sales for the first quarter of the current fiscal year increased by ¥15.488 million, and operating income and other items increased by ¥5.287 million.