Application of the revenue recognition standard
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards 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 transfers to the customer.」
Revenue continues to be recognized as performance obligations are satisfied in accordance with the revenue recognition accounting standard. - FY2022RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards 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 transfers to the customer.」
The revenue recognition accounting standard was applied from the beginning of the current consolidated fiscal year, and revenue is recognized as performance obligations are satisfied. It was explained that there was no impact on the consolidated financial statements or retained earnings at the beginning of the period. - FY2022-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards have been applied from the beginning of the first quarter of the consolidated fiscal year. Accordingly, key management indicators and other information for the six-month period and the three-month period ended in the second quarter of the current consolidated fiscal year are based on the standards after their application.」
The revenue recognition accounting standard and other relevant standards were applied from the beginning of the first quarter of the consolidated fiscal year. For construction contracts, the method was changed to recognize revenue over a period of time as performance obligations are satisfied, and it was explained that there was no impact on the consolidated financial statements or retained earnings at the beginning of the period for the six-month period ended in the second quarter.