Preparing to apply the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2019. 1 of 8 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2026.
12 other companies' latest entry also says "Other".
- FY2026Decrease in remaining performance obligationsAnnual report
「The transaction price allocated to remaining performance obligations was ¥350.015 million for the current consolidated fiscal year, compared with ¥836.640 million in the previous consolidated fiscal year. These performance obligations relate to construction contracts and are expected to be recognized as revenue, based on the progress of the construction, generally within 2 years.」
Remaining performance obligations decreased from ¥836.640 million in the previous fiscal year to ¥350.015 million. The timing of recognition is still expected to be generally within 2 years. - FY2025Remaining performance obligations increasedAnnual report
「The transaction price allocated to remaining performance obligations was ¥836.640 million for the current consolidated fiscal year, compared with ¥223.480 million in the previous consolidated fiscal year. These performance obligations relate to construction contracts and are expected to be recognized as revenue, based on the progress of the construction, generally within 2 years.」
Following application of the revenue recognition accounting standard, remaining performance obligations increased to ¥836.640 million from ¥223.480 million in the previous fiscal year. The timing of recognition is still expected to be generally within 2 years. - FY2023Remaining performance obligations disclosed with amounts and timingAnnual report
「The transaction price allocated to remaining performance obligations was ¥587.643 million for the current consolidated fiscal year. These performance obligations relate to construction contracts and are expected to be recognized as revenue, based on the progress of the construction, generally within 2 years.」
Following application of the revenue recognition accounting standard, the Company disclosed the amount and timing of remaining performance obligations to be recognized in the following fiscal year and beyond: ¥587.643 million, generally within 2 years. - FY2022Full-year impact finalized and disclosedAnnual report
「As a result, for the current consolidated fiscal year, revenue decreased by ¥233.703 million, cost of sales increased by ¥7.320 million, selling, general and administrative expenses decreased by ¥176.638 million, operating income decreased by ¥64.385 million and non-operating expenses decreased by ¥57.620 million. Ordinary income and net income before income taxes decreased by ¥6.765 million each.」
Application of the revenue recognition accounting standard was completed, and its impact on full-year revenue, operating income, ordinary income and other items was disclosed. - FY2022-Q3Cumulative impact of application updatedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, revenue decreased by ¥128.175 million, cost of sales increased by ¥34.399 million, selling, general and administrative expenses decreased by ¥119.793 million, operating income decreased by ¥42.780 million and non-operating expenses decreased by ¥39.831 million. Ordinary income and net income before income taxes decreased by ¥2.949 million each. In addition, the opening balance of retained earnings increased by ¥6.295 million.」
The impact on revenue, profit and retained earnings of applying the revenue recognition accounting standard was updated from the disclosure as of the second quarter, with figures presented for the nine months ended the third quarter. - FY2022-Q2Cumulative impact of application disclosedAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, revenue increased by ¥21.577 million and cost of sales increased by ¥94.549 million, while selling, general and administrative expenses decreased by ¥77.111 million and non-operating expenses decreased by ¥25.541 million. Operating income increased by ¥4.138 million, and ordinary income and net income before income taxes increased by ¥29.679 million each. In addition, the opening balance of retained earnings increased by ¥6.295 million.」
The impact on revenue, profit and retained earnings of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 was disclosed in numerical terms for the six months ended the second quarter. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "revenue recognition accounting standard") and other standards from the beginning of the first quarter of the current consolidated fiscal year, and began recognising revenue when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition, etc., which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current fiscal year. The methods for recognizing construction contracts and variable consideration were also changed. - FY2019First statedAnnual report
「The revenue recognition standard and related standards will be adopted from the beginning of the fiscal year ending March 2022.」
The Company stated that it plans to apply the accounting standards for revenue recognition, etc., from the beginning of the fiscal year ending March 2022, and that the impact is currently being assessed.