Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2023.
64 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company and its consolidated subsidiaries generate revenue mainly from sales of various electrical overhead-line hardware and concrete-pole accessories for power, telecommunications, signalling, broadcasting and railway applications. Under sales contracts with customers, they are obliged to deliver the products ordered, and these performance obligations are normally satisfied when the products are delivered.」
Following the application of the Revenue Recognition Accounting Standard, the Company continues to disclose that revenue is generally recognised when products are delivered. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the current consolidated fiscal year. Revenue is recognised 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 Company continues to disclose in its annual report that it applied the planned Revenue Recognition Accounting Standard and other standards from the beginning of the current fiscal year and recognises revenue when control is transferred. Transactions involving the provision of goods for a consideration increased current assets and liabilities by ¥15.421 million each, but had no impact on operating profit or other profit measures. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 Company continues to disclose that it has applied the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the consolidated fiscal year and recognises revenue when control is transferred. - FY2022-Q2AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 Company began applying the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the consolidated fiscal year, as scheduled from the beginning of the fiscal year ending March 2022. For transactions involving the provision of goods for a consideration, current assets and current liabilities each increased by ¥20.510 million, while the change to deduct sales commissions from revenue had no impact on profit. - FY2021AdvancedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to plan to apply the revenue recognition accounting standard from the beginning of the following consolidated fiscal year and has specified the impact, including ¥13.404 million in liabilities related to transactions involving the provision of goods for a consideration and ¥4.359 million in sales commissions. - FY2020RestatedAnnual report
「(2) Scheduled date of application: The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to disclose that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2019First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 30 March 2018).」
The Company has disclosed that it has not yet applied the new accounting standards concerning revenue recognition and plans to apply them from the beginning of the fiscal year ending March 2022, with the impact still under assessment.