Komori
Placo (6347) · PolicyReframed

Application of the Revenue Recognition Accounting Standard and Other Standards

First written in FY2022-Q1. 5 of 8 entries say "Restated". Latest entry: FY2025.

8entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY2025-H12021: 220212022: 120222023: 220232024: 220242025: 12025
Same theme, other companies
Revenue recognition when control transfers under the revenue recognition accounting standardA theme 6 companies write about · 0 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
  1. FY2025ReframedAnnual report

    「Goods or services transferred over time — 98,988 98,988」

    The scope of revenue recognition disclosure expanded from being focused primarily on large recycling equipment to include ¥98.988 million of service revenue recognized over the contract period for the system development business.
  2. FY2025-H1No revenue recognized over timeAnnual report

    「Goods or services transferred over time — — — — —」

    Although the company continues to apply the Revenue Recognition Standard, no revenue from recycling equipment recognized over time, amounting to ¥921.517 million in the same period of the previous year, was recognized during the current interim accounting period.
  3. FY2024-Q3RestatedAnnual report

    「Goods or services transferred over time — — 1,212,539 — 1,212,539」

    The company continued to apply the Revenue Recognition Standard and disclosed ¥1,212.539 million of revenue from recycling equipment as revenue recognized over time.
  4. FY2024-Q2RestatedAnnual report

    「Goods or services transferred over time — — 921,517 — 921,517」

    While continuing to apply the Revenue Recognition Standard, the company disclosed ¥921.517 million of revenue from recycling equipment as revenue recognized over time.
  5. FY2024-Q1RestatedAnnual report

    「Goods or services transferred over time — — 318,756 — 318,756」

    While continuing to apply the Revenue Recognition Standard, the company disclosed ¥318.756 million of revenue from recycling equipment as revenue recognized over time during the quarter.
  6. FY2022-Q3RestatedAnnual report

    「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter, 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 company continues to apply the accounting policy of applying the Revenue Recognition Standard and other standards from the beginning of the first quarter.
  7. FY2022-Q2RestatedAnnual report

    「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter, 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 company continues to apply the accounting policy of applying the Revenue Recognition Standard and other standards from the beginning of the first quarter. It states that the application had no impact on profit or loss for the cumulative second quarter or retained earnings at the beginning of the period.
  8. FY2022-Q1First statedAnnual report

    「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current fiscal year, 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 company applied the Revenue Recognition Standard and other standards from the beginning of the first quarter and transitioned to an accounting policy of recognizing revenue when control is transferred. It states that the application had no impact on profit or loss for the quarter or retained earnings at the beginning of the period.
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Placo's next results are scheduled for 2026-11-13. Read the earnings preview
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