Preparation for Adoption of the Revenue Recognition and Fair Value Measurement Accounting Standards
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2023-Q2.
131 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is 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 accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022 continued to be applied in the second quarter. For construction contracts, the Company estimates progress and recognizes revenue over time. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is 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 accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022 continued to be applied in the third quarter. For construction contracts, the Company estimates progress and recognizes revenue over time. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is 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 accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022 continued to be applied in the second quarter. For construction contracts, the Company estimates progress and recognizes revenue over time. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated 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 accounting standards for revenue recognition and fair value measurement that had been scheduled for application in the previous fiscal year were actually applied from the beginning of the fiscal year ending March 2022. For construction contracts, the Company estimates the progress toward satisfying performance obligations and has changed to a method of recognizing revenue over time based on an input method. - FY2021First statedAnnual 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 Accounting Standard for Fair Value Measurement and related standards are also scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The new accounting standards for revenue recognition and fair value measurement of financial instruments are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the consolidated financial statements is expected to be immaterial in both cases.