Revenue recognition at acceptance upon adoption of the revenue recognition accounting standard
First written in FY2021-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For sales of these products, we generally recognize revenue when the products have been accepted by the customer, because we determine that control of the products is obtained by the customer and the performance obligation is satisfied at that point.」
The policy of generally recognizing revenue upon customer acceptance has continued following adoption of the revenue recognition standard. - FY2024RestatedAnnual report
「For sales of these products, we generally recognize revenue when the products have been accepted by the customer, because we determine that control of the products is obtained by the customer and the performance obligation is satisfied at that point.」
The policy of generally recognizing revenue upon customer acceptance has continued following adoption of the revenue recognition standard. - FY2022RestatedAnnual report
「For sales of these products, we generally recognize revenue when the products have been accepted by the customer, because we determine that control of the products is obtained by the customer and the performance obligation is satisfied at that point.」
Following adoption of the revenue recognition standard, the policy of generally recognizing revenue upon customer acceptance has continued. - FY2021-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, revenue increased by ¥358 million, cost of sales by ¥324 million, and operating income, ordinary income and profit before income taxes by ¥33 million each.」
The revenue recognition standard adopted from the first quarter continued to apply, and its impact for the nine months ended the third quarter was disclosed as a ¥358 million increase in revenue and a ¥33 million increase in operating income and other items. - FY2021-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, revenue increased by ¥281 million, cost of sales by ¥296 million and operating loss by ¥15 million, while ordinary income and profit before income taxes decreased by ¥15 million each.」
The revenue recognition standard adopted from the first quarter continued to apply, and its impact during the six months ended the second quarter was disclosed as a ¥281 million increase in revenue, a ¥296 million increase in cost of sales and a ¥15 million increase in operating loss, among other effects. - FY2021-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and other 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 is transferred to the customer. As a result, for some sales for which revenue was previously recognized upon shipment, revenue is now recognized upon customer acceptance.」
The revenue recognition standard was adopted from the beginning of the first quarter of the current fiscal year, changing the timing of revenue recognition for some sales from shipment to customer acceptance. As a result, revenue for the current quarter decreased by ¥51 million, while operating loss and other losses increased by ¥37 million.