Housei (5035) · PolicyRestated
Change in revenue recognition classification for the Information Systems Business to project-by-project allocation
First written in FY2023-Q3. 1 of 2 entries say "Restated". Latest entry: FY2024-Q1.
2entries
2years
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Change in Project-by-Project Revenue Allocation for the Information Systems BusinessA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2024-Q1RestatedAnnual report
「In the previous year, changes in revenue from incomplete projects for which revenue was recognized according to progress were included in other. From the current period, we changed to allocating such revenue to each business by project.」
The method of allocating incomplete-project revenue to each business by project continued to apply, with comparative figures presented under the revised method. - FY2023-Q3First statedAnnual report
「In the previous year, changes in revenue from incomplete projects for which revenue was recognized according to progress were included in other. From the current period, we changed to allocating such revenue to each business by project.」
The method of recording information-systems revenue changed so that revenue from incomplete projects is allocated to each business by project. Prior-period figures were also reclassified for comparison.