Changes in construction-revenue recognition following adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 6 of 7 entries say "Restated". Latest entry: FY2023.
13 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「For this construction contract, the company determined that the occurrence of construction costs is proportional to the increase in the value of assets controlled by the customer and recognizes revenue related to the contract according to the stage of completion.」
Following application of the revenue recognition accounting standard, the company continues to recognize revenue from long-term construction contracts according to the stage of completion. - FY2023-Q3RestatedAnnual report
「As a result of this change, revenue from the plant business for the cumulative third quarter of the current fiscal year increased by ¥4,650 million compared with the previous method.」
The company continued applying the revenue recognition accounting standard and disclosed its impact on revenue from the plant business for the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「As a result of this change, revenue from the plant business for the cumulative second quarter of the current fiscal year increased by ¥4,959 million compared with the previous method.」
The company continued applying the revenue recognition accounting standard and disclosed its impact on revenue from the plant business. - FY2023-Q1RestatedAnnual report
「As a result of this change, revenue from the plant business for the cumulative first quarter of the current fiscal year increased by ¥4,615 million compared with the previous method.」
The company continued to disclose the impact of applying the revenue recognition accounting standard on revenue from the plant business as an increase in comparative information for the current quarter. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter of the current fiscal year increased by ¥4,650 million, and cost of sales increased by ¥4,650 million. There was no impact on the opening balance of retained earnings.」
The company continued applying the revenue recognition accounting standard. For the cumulative third quarter of the current fiscal year, revenue and cost of sales each increased by ¥4,650 million, while there was no impact on the opening balance of retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter of the current fiscal year increased by ¥4,959 million, and cost of sales increased by ¥4,959 million. There was no impact on the opening balance of retained earnings.」
The company continued applying the revenue recognition accounting standard. For the cumulative period of the current quarter, revenue and cost of sales each increased by ¥4,959 million, while there was no impact on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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 company applied the revenue recognition accounting standard from the beginning of the current quarter and changed its method for construction contracts to recognize revenue over time according to the satisfaction of performance obligations, among other changes. Revenue increased by ¥4,615 million, but cost of sales increased by the same amount, with no impact on operating income or ordinary income.