Future Application of the Accounting Standard for Revenue Recognition
First written in FY2018. 7 of 12 entries say "Restated". Latest entry: FY2025.
7 other companies' latest entry also says "Other".
- FY2025Updated the amount of remaining performance obligations to ¥6.063 billionAnnual report
「At the end of the current consolidated fiscal year, the total transaction price allocated to the remaining performance obligations was ¥6,063 million, arising from transactions under contracts with customers relating to the construction consulting business. Revenue from these transactions is scheduled to be recognized within approximately 2 years after the fiscal year-end as the contracts are performed.」
The transaction price allocated to remaining performance obligations increased from ¥5,699 million in the previous fiscal year to ¥6,063 million, with revenue scheduled to be recognized within approximately 2 years. - FY2024Updated the amount of remaining performance obligations to ¥5,699 millionAnnual report
「At the end of the current consolidated fiscal year, the total transaction price allocated to the remaining performance obligations was ¥5,699 million, arising from transactions under contracts with customers relating to the construction consulting business. Revenue from these transactions is scheduled to be recognized within approximately 2 years after the fiscal year-end as the contracts are performed.」
The Company continues to apply the revenue recognition standard. The transaction price allocated to remaining performance obligations increased from ¥2,591 million in the previous fiscal year to ¥5,699 million, with revenue scheduled to be recognized within approximately 2 years. - FY2023Updated the amount of remaining performance obligations and the timing of revenue recognitionAnnual report
「At the end of the current consolidated fiscal year, the total transaction price allocated to the remaining performance obligations was ¥2,591 million, arising from transactions under contracts with customers relating to the construction consulting business. Revenue from these transactions is scheduled to be recognized within approximately 2 years after the fiscal year-end as the contracts are performed.」
The Company continues to apply the revenue recognition standard and discloses a transaction price of ¥2,591 million allocated to remaining performance obligations, with revenue scheduled to be recognized within approximately 2 years. - FY2023-Q3RestatedAnnual report
「The Group primarily conducts geological surveys and soil investigations, as well as environmental, disaster prevention and marine survey operations. Because control of the relevant performance obligations is transferred to customers as the survey work progresses and the obligations are satisfied over a specified period, the Group estimates the progress toward satisfying the performance obligations and recognizes revenue over a specified period based on that progress.」
The consolidated group continues to recognize revenue over a specified period as performance obligations are satisfied, following adoption of the revenue recognition standard. - FY2022RestatedAnnual report
「At the end of the current fiscal year, the total transaction price allocated to the remaining performance obligations was ¥1,728 million, arising from transactions under contracts with customers relating to the construction consulting business. Revenue from these transactions is scheduled to be recognized within approximately 3 years after the fiscal year-end as the contracts are performed.」
The Company continues to apply the revenue recognition standard and discloses a transaction price of ¥1,728 million allocated to remaining performance obligations, with revenue scheduled to be recognized within approximately 3 years. - FY2022-Q3RestatedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant guidance from the beginning of the first quarter. Revenue is recognized at the amount expected to be received in exchange for the transferred goods or services when control of those goods or services is transferred to the customer.」
The Company continues to disclose its revenue recognition method based on the revenue recognition standard and other relevant guidance adopted from the beginning of the first quarter. - FY2022-Q2RestatedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant guidance from the beginning of the first quarter. Revenue is recognized at the amount expected to be received in exchange for the transferred goods or services when control of those goods or services is transferred to the customer.」
The Company continues to disclose its revenue recognition method based on the revenue recognition standard and other relevant guidance adopted from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「The Company has adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant guidance from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the amount expected to be received in exchange for the transferred goods or services when control of those goods or services is transferred to the customer. Previously, the percentage-of-completion method was applied to contracts for which the certainty of performance was recognized for the work completed, while the completed-contract method was applied to other contracts. The Company has changed this approach, except for contracts involving small amounts or very short periods, to a method under which revenue is recognized over a specified period as performance obligations are satisfied.」
The revenue recognition standard and other relevant guidance, which had been scheduled for adoption from the beginning of the fiscal year ending November 2022, were adopted from the beginning of the first quarter of the current fiscal year. The method of recognizing revenue was changed from the percentage-of-completion and completed-contract methods to a method of recognizing revenue over a specified period as performance obligations are satisfied. - FY2021RestatedAnnual report
「(2) Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending November 2022. (3) Impact of adopting the accounting standards and other relevant guidance The impact of adopting the revenue recognition standard and other relevant guidance on the financial statements is currently being assessed.」
The revenue recognition standard is scheduled to be adopted from the beginning of the fiscal year ending November 2022, and the impact continues to be assessed. - FY2020RestatedAnnual report
「(2) Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending November 2022. (3) Impact of adopting the accounting standards and other relevant guidance The impact of adopting the revenue recognition standard and other relevant guidance on the financial statements is currently being assessed.」
The revenue recognition standard is scheduled to be adopted from the beginning of the fiscal year ending November 2022, and the impact continues to be assessed. - FY2019RestatedAnnual report
「(2) Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending November 2022. (3) Impact of adopting the accounting standards and other relevant guidance The impact is being assessed at the time of preparation of these financial statements.」
The revenue recognition standard is scheduled to be adopted from the beginning of the fiscal year ending November 2022, and the impact continues to be assessed. - FY2018First statedAnnual report
「"Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 30 March 2018) and "Implementation Guidance on Accounting Standard for Revenue Recognition" (Implementation Guidance No. 30, 30 March 2018)」
The Company disclosed that it had not applied the new accounting standards on revenue recognition and related standards, that application was scheduled to begin at the start of the fiscal year ending November 2022, and that the amount of the impact was under assessment.