Planned Adoption of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The Equipment segment primarily enters into long-term construction contracts and identifies the services provided by the Group under these contracts as performance obligations.」
The practice of recognizing revenue over time for long-term construction contracts in the Equipment segment continues under the Accounting Standard for Revenue Recognition adopted from the fiscal year ending March 2022. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 status of application in the third quarter is also described for the Accounting Standard for Revenue Recognition and related standards adopted from 1 April 2021. It is stated that there was no impact on retained earnings or profit or loss for the current cumulative period. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition and related standards, scheduled to be applied from FY2019 onward, were adopted from 1 April 2021. There was no impact on retained earnings at the beginning of the period or profit or loss for the first-quarter cumulative period, and contract assets were included in the presentation of notes and accounts receivable. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards on the consolidated financial statements is currently being assessed.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact remains under assessment. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these accounting standards on the consolidated financial statements is currently being assessed.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact on the financial statements is under assessment.