Change in Revenue Recognition Method Resulting from the Adoption of the Revenue Recognition Accounting Standard
First written in FY2023-Q1. 4 of 5 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The transaction price allocated to the remaining performance obligations is ¥2,086.641 million. These performance obligations relate to construction contracts in the housing equipment business, and the company expects to recognize the associated revenue within approximately 2 years after the end of the period.」
Following the application of the Accounting Standard for Revenue Recognition, remaining performance obligations amounted to ¥2,086.641 million, and the company disclosed that they were expected to be recognized within approximately 2 years after the fiscal year-end. - FY2024AdvancedAnnual report
「The transaction price allocated to the remaining performance obligations is ¥1,923.900 million. These performance obligations relate to construction contracts in the housing equipment business, and the company expects to recognize the associated revenue within approximately 2 years after the end of the period.」
Following the application of the Accounting Standard for Revenue Recognition, remaining performance obligations of ¥1,923.90 million were disclosed, with revenue expected to be recognized within approximately 2 years after the fiscal year-end. - FY2023-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended the third quarter increased by ¥230.823 million, cost of sales increased by ¥268.917 million, selling, general and administrative expenses decreased by ¥108.208 million, and operating profit, ordinary profit and profit before income taxes each increased by ¥70.114 million.」
The impact on the nine-month period of applying the Accounting Standard for Revenue Recognition and related standards from the first quarter was disclosed. The increase in operating profit, ordinary profit and other items was ¥70.114 million. - FY2023-Q2AdvancedAnnual report
「As a result, net sales for the six months ended the second quarter increased by ¥58.919 million, cost of sales increased by ¥97.504 million, selling, general and administrative expenses decreased by ¥62.078 million, and operating profit, ordinary profit and profit before income taxes each increased by ¥23.492 million.」
The company specifically disclosed the impact of applying the Accounting Standard for Revenue Recognition and related standards from the first quarter on each revenue, expense and profit item for the six-month period. - FY2023-Q1First statedAnnual report
「The Company applied the revenue recognition standard and related standards from the beginning of the first quarter, recognizing revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first quarter. Revenue recognition was changed to recognize domestic sales upon shipment and recognize revenue from construction contracts over time as performance obligations are satisfied, affecting net sales, operating profit and other items.