Change to an installation-completion basis for revenue recognition on semiconductor manufacturing equipment for overseas markets
First written in FY2017-Q1. 4 of 5 entries say "Restated". Latest entry: FY2019.
6 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「For sales of semiconductor manufacturing equipment and other products to overseas customers, revenue was previously recognized on a shipment basis. From the 39th fiscal year, the method was changed to recognize revenue on an installation-completion basis.」
The revenue recognition policy for overseas sales of semiconductor manufacturing equipment continues to be applied on an installation-completion basis in the annual report. - FY2018RestatedAnnual report
「For sales of semiconductor manufacturing equipment and other products to overseas customers, revenue was previously recognized on a shipment basis. From the 39th fiscal year, the method was changed to recognize revenue on an installation-completion basis. This change in accounting policy was applied retrospectively, and the figures for the 38th fiscal year reflect retrospective application.」
The revenue recognition policy for overseas sales of semiconductor manufacturing equipment continues to be applied on an installation-completion basis in the annual report. - FY2017-Q3RestatedAnnual report
「For sales of semiconductor manufacturing equipment and other products to overseas customers, revenue was previously recognized on a shipment basis. From the first quarter of the current fiscal year, the method has been changed to recognize revenue on an installation-completion basis.」
Revenue from overseas sales of semiconductor manufacturing equipment continues to be recognized on an installation-completion basis. - FY2017-Q2RestatedAnnual report
「For sales of semiconductor manufacturing equipment and other products to overseas customers, revenue was previously recognized on a shipment basis. From the first quarter of the current fiscal year, the method has been changed to recognize revenue on an installation-completion basis. 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 accounting policy of recognizing revenue from overseas sales of semiconductor manufacturing equipment on an installation-completion basis continues to be applied. - FY2017-Q1First statedAnnual report
「For sales of semiconductor manufacturing equipment and other products to overseas customers, revenue was previously recognized on a shipment basis. From the first quarter of the current fiscal year, the method has been changed to recognize revenue on an installation-completion basis.」
For sales to overseas customers, the revenue recognition method was changed from the shipment basis to the installation-completion basis, with retrospective application.