Changes in Revenue Recognition Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q2. 4 of 5 entries say "Restated". Latest entry: FY2025.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition, and recognizes revenue 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 policy of recognizing revenue for product delivery, installation, parts sales, modifications, maintenance, and other items under the revenue recognition accounting standard continues. - FY2024RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021; hereinafter, the “Revenue Recognition Guidance”), and recognizes revenue 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 policy of recognizing revenue when performance obligations such as product delivery, installation, parts sales, modifications, and maintenance are satisfied continues under the revenue recognition accounting standard. - FY2023RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, and recognizes revenue 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 policy of recognizing revenue when performance obligations such as product delivery, installation, and after-sales service are satisfied continues under the revenue recognition accounting standard. - FY2022-Q3RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first-quarter consolidated accounting period.」
The application of the revenue recognition accounting standard and related standards from the beginning of the first-quarter consolidated accounting period continues. For the cumulative third-quarter period, the impact was an increase of ¥84.530 million in net sales and ¥31.704 million in operating income and other items. - FY2022-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 company applied the revenue recognition accounting standard and related standards from the beginning of the current fiscal year and changed its method of accounting for certain contracts to recognize product delivery and installation-related services as separate performance obligations. As a result of the application, net sales for the cumulative second-quarter period increased by ¥839.130 million and operating income and other items increased by ¥251.676 million.