Increase in the Overseas Sales Ratio and Lengthening of the Period from Shipment to Installation Completion
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
6 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「This change was made to more appropriately reflect the substance of revenue, taking into account developments in international accounting standards, as the period from shipment to installation completion has tended to lengthen with the increase in the overseas sales ratio, and data relating to installation completion has been developed through a review of the business processes from shipment to installation completion.」
The company continues to explain the increase in the overseas sales ratio, the lengthening of the period to installation completion, the review of business processes, and the development of data as the background to the change in revenue recognition. - FY2017-Q2RestatedAnnual report
「This change was made to more appropriately reflect the substance of revenue, taking into account developments in international accounting standards, as the period from shipment to installation completion has tended to lengthen with the increase in the overseas sales ratio, and data relating to installation completion has been developed through a review of the business processes from shipment to installation completion.」
The company continues to explain the increase in the overseas sales ratio, the lengthening of the period to installation completion, and the development of related business processes and data as the background to the change in revenue recognition. - FY2017-Q1First statedAnnual report
「This change was made to more appropriately reflect the substance of revenue, taking into account developments in international accounting standards, as the period from shipment to installation completion has tended to lengthen with the increase in the overseas sales ratio, and data relating to installation completion has been developed through a review of the business processes from shipment to installation completion.」
The company explains that the increase in the overseas sales ratio, the lengthening of the period to installation completion, and the development of related data were behind the change in revenue recognition.