Adoption of the Revenue Recognition Standard and Recognition of Revenue Over Time
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
91 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「For performance obligations satisfied over a period of time, we estimate the progress toward satisfaction of the performance obligation and have changed to a method of recognizing revenue over that period based on the estimated progress.」
It continues to apply the revenue recognition standard and allocate revenue over time based on progress. - FY2023-Q2RestatedAnnual report
「For performance obligations satisfied over a period of time, we estimate the progress toward satisfaction of the performance obligation and have changed to a method of recognizing revenue over that period based on the estimated progress.」
It continues to describe the application of the revenue recognition standard and the allocation of revenue over time based on progress in the rental housing and rental development businesses. - FY2023-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other applicable standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. 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 rental housing and rental development businesses transitioned to recognizing revenue over time based on the progress toward satisfying performance obligations. It states that there was no impact on the financial statements.