Initial Application of IFRS 15 “Revenue from Contracts with Customers”
First written in FY2019-Q1. 12 of 13 entries say "Restated". Latest entry: FY2026-H1.
17 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「For revenue from sales of goods, including revenue from the Sunace Company, Electronics Company, Motion Company and Other businesses, the company recognizes revenue upon delivery of the goods and products. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2024-Q2RestatedAnnual report
「For revenue from sales of goods, including revenue from the Sunace, Electronics, Motion and Other businesses, the company recognizes revenue upon delivery of the goods and products. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2024-Q1RestatedAnnual report
「For revenue from sales of goods, including revenue from the Sunace, Electronics, Motion and Other businesses, the company recognizes revenue upon delivery of the goods and products. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2023-Q2RestatedAnnual report
「For revenue from sales of goods, including revenue from the Sunace, Electronics, Motion and Other businesses, the company recognizes revenue upon delivery of the goods and products. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2023-Q1RestatedAnnual report
「For revenue from sales of goods, including revenue from the Sunace, Electronics, Motion and Other businesses, the company recognizes revenue upon delivery of the goods and products. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2022-Q2RestatedAnnual report
「For revenue from sales of goods, including revenue from the Cooling Systems, Power Systems, Servo Systems and Electrical Equipment Sales businesses, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2022-Q1RestatedAnnual report
「For revenue from sales of goods, including revenue from the Cooling Systems, Power Systems, Servo Systems and Electrical Equipment Sales businesses, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2021-Q1RestatedAnnual report
「For revenue from sales of goods, including revenue from the Cooling Systems, Power Systems, Servo Systems and Electrical Equipment Sales businesses, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and electrical construction revenue according to progress toward satisfying performance obligations. - FY2020RestatedAnnual report
「For revenue from sales of goods, including revenue from the Cooling Systems, Power Systems, Servo Systems and Electrical Equipment Sales businesses, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time.」
Even after the application of IFRS 15, the company continued to recognize revenue from sales of goods upon delivery and construction revenue according to progress toward satisfying performance obligations. - FY2020-Q3RestatedAnnual report
「For revenue from sales of goods, including revenue from the Cooling Systems, Power Systems, Servo Systems and Electrical Equipment Sales businesses, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time. For revenue from construction contracts, including electrical construction, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the application of IFRS 15, the company continued to disclose that revenue from sales of goods is recognized upon delivery and construction revenue is recognized according to progress toward satisfying performance obligations. - FY2020-Q1RestatedAnnual report
「For revenue from the sale of goods, the company determines that the performance obligation is satisfied when the customer obtains control of the goods and products upon delivery, and recognizes revenue at that time. For revenue from construction contracts, because the performance obligation is satisfied over a specified period under the construction contract, the company recognizes revenue according to progress toward satisfying the performance obligation.」
Regarding revenue recognition after the initial application of IFRS 15, the company continued to disclose that revenue from sales of goods is recognized upon delivery and construction revenue is recognized according to progress toward satisfying performance obligations. - FY2019-Q2RestatedAnnual report
「Beginning in the first quarter of the current consolidated accounting period, the group adopted the transition method under IFRS 15, Revenue from Contracts with Customers, whereby the cumulative effect is recognized on the date of initial application. However, there was no cumulative effect on the date of initial application.」
The company continued applying IFRS 15, which began in the first quarter, in the second quarter. It disclosed that there was no cumulative effect and that revenue from sales of goods is recognized upon delivery, while construction revenue is recognized according to progress toward satisfying performance obligations. - FY2019-Q1First statedAnnual report
「Beginning in the first quarter of the current consolidated accounting period, the group adopted the transition method under IFRS 15, Revenue from Contracts with Customers, whereby the cumulative effect is recognized on the date of initial application. However, there was no cumulative effect on the date of initial application.」
The company began applying IFRS 15 in the first quarter and adopted the method of recognizing the cumulative effect on the date of initial application. It also disclosed that revenue from sales of goods is recognized upon delivery and revenue from construction contracts is recognized according to progress toward satisfying performance obligations, with no material impact on the financial statements.