Change to Revenue Recognition Based on the Maintenance Service Delivery Period
First written in FY2022-Q1. 6 of 9 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For maintenance services sold together with a system, maintenance from the fourth year onward exceeds the scope of cases involving only an assurance that the product or service complies with the agreed specifications. The Company therefore identifies it as a performance obligation, determines that the performance obligation is satisfied over the maintenance period, and recognises revenue evenly over that period.」
The accounting policy of recognising revenue based on the period of maintenance service delivery continues. - FY2025-H1RestatedAnnual report
「Goods transferred at a point in time 1,864,318 1,136,429 3,000,747 — 3,000,747 Goods or services transferred over time 57,594 — 57,594 — 57,594」
Following the application of the revenue recognition accounting standard, revenue of ¥57.594 million from services transferred over time continues to be presented separately, reflecting the continued recognition of revenue over the service period for maintenance and other services. - FY2024-Q3RestatedAnnual report
「Goods transferred at a point in time 3,602,504 1,865,144 5,467,649 — 5,467,649 Goods or services transferred over time 91,137 — 91,137 — 91,137」
Following the application of the revenue recognition accounting standard, revenue of ¥91.137 million from services transferred over time continues to be presented separately, reflecting the continued recognition of revenue over the service period for maintenance and other services. - FY2024-Q2RestatedAnnual report
「Goods transferred at a point in time 1,983,028 1,124,885 3,107,914 — 3,107,914 Goods or services transferred over time 59,634 — 59,634 — 59,634」
Following the application of the revenue recognition accounting standard, revenue of ¥59.634 million from services transferred over time continues to be presented separately, reflecting the continued recognition of revenue over the service period for maintenance and other services. - FY2024-Q1RestatedAnnual report
「Goods transferred at a point in time 947,264 607,846 1,555,110 — 1,555,110 Goods or services transferred over time 31,887 — 31,887 — 31,887」
Following the application of the revenue recognition accounting standard, revenue of ¥31.887 million from services transferred over time in the HPC business continues to be presented separately. - FY2023-Q1RestatedAnnual report
「Goods transferred at a point in time 504,009 409,395 913,405 — 913,405 Goods or services transferred over time 31,358 — 31,358 — 31,358」
Following the application of the revenue recognition accounting standard, revenue of ¥31.358 million from services transferred over time in the HPC business continues to be presented separately, reflecting the continued recognition of revenue over the service period for maintenance and other services. - FY2022-Q3AdvancedAnnual report
「As a result, net sales, operating profit, ordinary profit and profit before income taxes for the cumulative third quarter period decreased by ¥41.517 million each. The opening balance of retained earnings decreased by ¥21.248 million, while the opening balance of advances received increased by ¥33.688 million.」
The ¥41.517 million decrease in results for the cumulative third quarter period resulting from the application of the revenue recognition accounting standard was disclosed, and the effects on the opening balances of advances received and retained earnings were also specified. - FY2022-Q2AdvancedAnnual report
「As a result, net sales, operating profit, ordinary profit and profit before income taxes for the cumulative second quarter period decreased by ¥8.284 million each. The opening balance of retained earnings decreased by ¥21.248 million, while the opening balance of advances received increased by ¥33.688 million.」
The specific effects of applying the revenue recognition accounting standard on results for the cumulative second quarter period and opening balances were disclosed. - FY2022-Q1First statedAnnual report
「As a result, in the HPC business, maintenance services sold together with the main unit had previously been recognised as revenue in a lump sum when the main unit was sold. However, maintenance services from the fourth year onward exceed the scope of cases involving only an assurance that the product or service complies with the agreed specifications. They are therefore identified as performance obligations, and the method has been changed to recognise revenue over the maintenance period.」
Following the application of the revenue recognition accounting standard, the accounting policy was changed to recognise maintenance revenue from the fourth year onward in the HPC business over the maintenance period.