Impact of Adoption of the Revenue Recognition Standard
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 12 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The impact of adopting the Accounting Standard for Leases and related standards on the financial statements is currently being assessed.」
The company continued to disclose that the new lease accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2028 and that the impact is still being evaluated. - FY2022Full-year impact finalizedAnnual report
「As a result, revenue from completed construction contracts increased by ¥87.479 million and the cost of completed construction contracts increased by ¥129.508 million for the fiscal year, while operating income, ordinary income and profit before income taxes each decreased by ¥42.029 million.」
The impact of the full-year adoption of the revenue recognition accounting standard was disclosed: revenue from completed construction contracts increased by ¥87.479 million, while each profit measure decreased by ¥42.029 million. - FY2022-Q3Cumulative third-quarter impact updatedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥171.650 million, cost of revenue decreased by ¥141.435 million, and operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥30.215 million. There was no impact on the balance of retained earnings at the beginning of the current fiscal year.」
The impact of applying the revenue recognition accounting standard for the cumulative third quarter was updated, showing a ¥171.650 million decrease in revenue and a ¥30.215 million decrease in each profit measure. - FY2022-Q2Cumulative second-quarter impact updatedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥4.492 million, cost of revenue increased by ¥13.558 million, and operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥18.050 million.」
The impact of applying the revenue recognition accounting standard for the cumulative second quarter was shown as a ¥4.492 million decrease in revenue, a ¥13.558 million increase in cost of revenue, and an ¥18.050 million decrease in each profit measure. - FY2022-Q1Application begins and impact amount finalizedAnnual report
「As a result, revenue for the cumulative first quarter increased by ¥5.128 million, cost of revenue decreased by ¥1.394 million, and operating income, ordinary income and profit before income taxes for the quarter each increased by ¥6.523 million.」
The revenue recognition accounting standards and related standards were applied from the beginning of the first quarter accounting period, and the actual impact of their application on revenue, cost of revenue and profit was shown for the first time. - FY2021RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still being assessed when these financial statements were prepared.」
The Company continues to disclose that the revenue recognition accounting standards and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022 and that the amount of the impact is under assessment. - FY2019RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still being assessed when these financial statements were prepared.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact remains under assessment. - FY2018First statedAnnual report
「The accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards was still being assessed when these financial statements were prepared.」
The Company disclosed the future adoption of the revenue recognition accounting standard and that the amount of its impact on the financial statements was under assessment.