Recognition of a provision for product warranties following the consolidation of 関東航空計器
First written in FY2018-Q2. 4 of 5 entries say "Restated". Latest entry: FY2023.
12 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The provision for product warranties represents the estimated amount of claims based on past experience, to cover repair costs when products are repaired free of charge for a specified period after sale.」
The accounting policy of recognizing a provision for product warranties based on past experience continued. The balance at the end of the fiscal year was ¥2 million, unchanged from the previous fiscal year. - FY2021RestatedAnnual report
「The provision for product warranties represents the estimated amount of claims based on past experience, to cover repair costs when products are repaired free of charge for a specified period after sale.」
The accounting policy of recognizing a provision for product warranties based on past experience continued. The balance at the end of the fiscal year was ¥2 million, unchanged from the previous fiscal year. - FY2019RestatedAnnual report
「The provision for product warranties represents the estimated amount of claims based on past experience, to cover repair costs when products are repaired free of charge for a specified period after sale.」
The accounting policy of recognizing a provision for product warranties based on past experience continued. The balance at the end of the fiscal year was ¥3 million, down from ¥9 million in the previous fiscal year. - FY2018-Q3RestatedAnnual report
「Following the inclusion of 関東航空計器株式会社 in the scope of consolidation, the Company has recognized a provision for product warranties relating to the company in the quarterly consolidated balance sheet from the second quarter of the current consolidated fiscal year. The provision for product warranties represents the estimated amount of claims based on past experience, to cover repair costs when products are repaired free of charge for a specified period after sale.」
The policy of recognizing a provision for product warranties following the commencement of consolidation of 関東航空計器 continued to apply. - FY2018-Q2First statedAnnual report
「Following the inclusion of 関東航空計器株式会社 in the scope of consolidation, the Company has recognized a provision for product warranties relating to the company in the quarterly consolidated balance sheet from the second quarter of the current consolidated fiscal year. The provision for product warranties represents the estimated amount of claims based on past experience, to cover repair costs when products are repaired free of charge for a specified period after sale.」
Following the commencement of consolidation of 関東航空計器, the accounting treatment of recognizing a provision for product warranties relating to the company in the consolidated balance sheet was newly disclosed.