Planned adoption of the revenue recognition accounting standard from the fiscal year ending March 2032
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Implementation Guidance No. 30, 26 March 2021) have been applied 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 company applied the Revenue Recognition Accounting Standard and related standards from the beginning of the period and continues to recognize revenue over a specified period for construction contracts as performance obligations are satisfied. It states that there was no impact on opening retained earnings or profit or loss for the third quarter cumulative period. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Implementation Guidance No. 30, 26 March 2021) have been applied 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 company applied the Revenue Recognition Accounting Standard and related standards from the beginning of the period and continues to recognize revenue over a specified period for construction contracts as performance obligations are satisfied. It states that there was no impact on opening retained earnings or profit or loss for the second quarter cumulative period. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Implementation Guidance No. 30, 26 March 2021) have been applied 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. Accordingly, for construction contracts, the company previously applied the percentage-of-completion method to construction for which the reliability of the outcome was recognized based on the progress achieved, and the completed-contract method to other construction. The company has changed to a method of recognizing revenue over a specified period as performance obligations are satisfied.」
The company began applying the Revenue Recognition Accounting Standard and related standards from the beginning of the fiscal year ending March 2022 and changed its method for construction contracts to recognize revenue over a specified period as performance obligations are satisfied. It states that there was no impact on opening retained earnings or profit or loss for the first quarter. - FY2021RestatedAnnual report
「The company expects that applying the Accounting Standard for Revenue Recognition and related standards will not change the opening balance of retained earnings for the next consolidated fiscal year.」
The company states that the Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with no change expected in the opening balance of retained earnings. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of their impact is currently being assessed. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of their impact is currently being assessed. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related implementation guidance are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of their impact on the consolidated financial statements is currently being assessed.