Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending February 2023
First written in FY2020. 9 of 13 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1Updated for revenue disaggregation information for the interim consolidated accounting periodAnnual report
「Goods or services transferred at a point in time 3,925,000 2,089,840 152,558 6,167,399 Goods or services transferred over time 4,731,868 － － 4,731,868 Revenue from contracts with customers 8,656,868 2,089,840 152,558 10,899,268」
Under the presentation following application of the Revenue Recognition Accounting Standard, the company discloses interim-period revenue from contracts with customers of ¥10,899,268 thousand, broken down into ¥6,167,399 thousand transferred at a point in time and ¥4,731,868 thousand transferred over time. Sales of ¥2,089,840 thousand from the cotton spunlace business were also presented separately. - FY2026-H1Updated for revenue disaggregation information for the interim consolidated accounting periodAnnual report
「Goods or services transferred at a point in time 5,769,246 Goods or services transferred over time 4,724,022 Revenue from contracts with customers 10,493,269」
Under the presentation following application of the Revenue Recognition Accounting Standard, the company discloses interim-period revenue from contracts with customers of ¥10,493,269 thousand, broken down into ¥5,769,246 thousand transferred at a point in time and ¥4,724,022 thousand transferred over time. - FY2025RestatedAnnual report
「Performance obligations satisfied over a period of time primarily include the manufacture and sale of machinery for producing sanitary napkins and disposable diapers. The company estimates progress toward satisfying performance obligations and recognizes revenue over time based on that progress.」
Following application of the Revenue Recognition Accounting Standard, the company has reconfirmed its policy of recognizing revenue from the manufacture and sale of machinery based on progress measured as actual costs incurred as a percentage of total estimated construction costs. Revenue transferred over time amounted to ¥11,281,164 thousand. - FY2025-H1RestatedAnnual report
「Goods or services transferred at a point in time 3,758,047 Goods or services transferred over time 4,647,825 Revenue from contracts with customers 8,405,873 Other revenue － Net sales to external customers 8,405,873」
Under the presentation following application of the Revenue Recognition Accounting Standard, the company discloses interim-period revenue from contracts with customers of ¥8,405,873 thousand, broken down into ¥3,758,047 thousand transferred at a point in time and ¥4,647,825 thousand transferred over time. - FY2025-Q1RestatedAnnual report
「Revenue from contracts with customers 1,897,450 1,956,073 3,853,524 － 3,853,524」
Under the presentation following application of the Revenue Recognition Accounting Standard, the company discloses first-quarter revenue from contracts with customers of ¥3,853,524 thousand, broken down into ¥1,897,450 thousand transferred at a point in time and ¥1,956,073 thousand transferred over time. - FY2024RestatedAnnual report
「Performance obligations satisfied over a period of time primarily include the manufacture and sale of machinery for producing sanitary napkins and disposable diapers. The company estimates progress toward satisfying performance obligations and recognizes revenue over time based on that progress.」
The company has reconfirmed its policy of recognizing revenue over time for made-to-order machinery based on progress measured as actual costs incurred as a percentage of total estimated construction costs. - FY2024-Q3RestatedAnnual report
「Revenue from contracts with customers 16,900,011 Other revenue － Net sales to external customers 16,900,011」
Under the presentation following application of the Revenue Recognition Accounting Standard, the company discloses revenue from contracts with customers broken down into ¥7,491,214 thousand transferred at a point in time and ¥9,408,796 thousand transferred over time. - FY2024-Q2RestatedAnnual report
「To expand sales, the Group is working to accelerate progress toward satisfying performance obligations for contracted machinery manufacturing projects, while also seeking to increase sales to existing customers through modifications, parts sales and other offerings.」
In accordance with the approach following application of the Revenue Recognition Accounting Standard, the company continues to expand sales based on progress toward satisfying performance obligations for orders already received. - FY2024-Q1RestatedAnnual report
「Revenue for the first quarter of the current fiscal year increased 12.8% year on year to ¥4,019 million, as progress toward satisfying the performance obligations for booked projects proceeded smoothly.」
The company has reconfirmed that, in accordance with the approach following application of the Revenue Recognition Accounting Standard, it recognizes sales based on progress toward satisfying performance obligations for orders already received. - FY2023-Q3RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is 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 has reconfirmed that it applies the Revenue Recognition Accounting Standard and related standards from the beginning of the first-quarter consolidated accounting period and recognizes revenue based on the point at which control is transferred to the customer. - FY2023-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is 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 has reconfirmed that it applies the Revenue Recognition Accounting Standard and related standards from the beginning of the first-quarter consolidated accounting period. It also describes the method of recognizing revenue based on progress toward satisfying performance obligations satisfied over a period of time, and the reclassification of contract assets and contract liabilities. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The company actually applied the accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending February 2023, from the beginning of the current first-quarter consolidated accounting period. It also describes the change to recognizing revenue based on when performance obligations are satisfied and the progress toward satisfaction, the reclassification of contract assets and contract liabilities, and the impact of application on retained earnings and other items. - FY2020First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition and other standards: adoption from the beginning of the fiscal year ending February 2023.」
The filing states that the revenue recognition accounting standard and related guidance were scheduled to be adopted from the beginning of the fiscal year ending February 2023, with the impact on the consolidated financial statements still under assessment.