Revenue recognition over time for development and implementation services
First written in FY2022-Q1. 3 of 6 entries say "Restated". Latest entry: FY2026-H1.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Goods or services transferred over time 921,146 47,518 3,911 972,576」
For development and implementation services and other offerings, revenue is disaggregated as goods or services transferred over time. No change from the revenue recognition policy of recognising revenue over time is disclosed. - FY2024-Q2RestatedAnnual report
「Goods or services transferred over time 776,516 51,695 3,342 831,555」
For development and implementation services and other offerings, revenue is disaggregated as goods or services transferred over time. No change from the previous revenue recognition policy of recognising revenue over time is disclosed. - FY2022RestatedAnnual report
「Accordingly, although revenue from development and implementation services had previously been recognised under the acceptance-based method, from the beginning of the current consolidated fiscal year the company has recognised revenue over a specified period as it satisfies its performance obligations, using the cost-to-cost method to estimate progress toward satisfying the performance obligation.」
The company confirms revenue recognition over time for development and implementation services, adopted from the first quarter, as its accounting policy for the full fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, revenue and cost of sales for the first nine months of the current consolidated fiscal year each decreased by ¥20,751 thousand. There was no impact on operating profit, ordinary profit, profit before income taxes and other adjustments, or the opening balance of retained earnings for the current fiscal year.」
Regarding revenue recognition over time for development and implementation services, adopted from the first quarter, the company disclosed that revenue and cost of sales for the first nine months each decreased by ¥20,751 thousand, with no impact on profit or other items. - FY2022-Q2AdvancedAnnual report
「As a result, although revenue from development and implementation services had previously been recognised under the acceptance-based method, from the first quarter the company changed to recognising revenue over a specified period as it satisfies its performance obligations. For projects where progress toward satisfying the performance obligation cannot be reasonably estimated, the company applies the cost-recovery method. For projects with very short durations, revenue is not recognised over a specified period but when the performance obligation has been fully satisfied. As a result, revenue and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥5,572 thousand. There was no impact on operating profit, ordinary profit, profit before income taxes and other adjustments, or the opening balance of retained earnings for the current fiscal year.」
Regarding revenue recognition over time for development and implementation services, adopted from the first quarter, the company disclosed that revenue and cost of sales for the first six months each decreased by ¥5,572 thousand, with no impact on profit or other items. - FY2022-Q1First statedAnnual report
「As a result, although revenue from development and implementation services had previously been recognised under the acceptance-based method, from the first quarter of the current fiscal year the company changed to recognising revenue over a specified period as it satisfies its performance obligations. For projects where progress toward satisfying the performance obligation cannot be reasonably estimated, the company applies the cost-recovery method. For projects with very short durations, revenue is not recognised over a specified period but when the performance obligation has been fully satisfied.」
The company applied the revenue recognition standard and related standards from the beginning of the first quarter of the current consolidated fiscal year, changing revenue recognition for development and implementation services from the acceptance-based method to recognition over a specified period as performance obligations are satisfied. The cost-recovery method is applied to projects for which progress cannot be reasonably estimated.