Revenue Recognition Using the Percentage-of-Completion Method
First written in FY2021. 1 of 11 entries say "Reframed", first in FY2022-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2022: 9 of 80 companies on the "Worse" side.
27 other companies' latest entry also says "Other".
- FY2025Disaggregated revenue information updatedAnnual report
「Goods transferred at a point in time 14,142,949 Goods transferred over time 7,366,324」
For full-year revenue following application of the revenue recognition standard, goods transferred at a point in time amounted to ¥14,142.949 million and goods transferred over time amounted to ¥7,366.324 million. - FY2024Revenue disaggregation information updatedAnnual report
「Goods transferred at a point in time 13,164,295 Goods transferred over time 7,232,617」
As disaggregated revenue information following application of the revenue recognition standard, the company updated the full-year amounts for goods transferred at a point in time and goods transferred over time. - FY2024-Q3Revenue disaggregation information updatedAnnual report
「Goods transferred at a point in time 9,047,052 Goods transferred over time 4,344,674」
As disaggregated revenue information following application of the revenue recognition standard, the company updated the cumulative third-quarter amounts for goods transferred at a point in time and goods transferred over time. - FY2024-Q2Updated disaggregated revenue informationAnnual report
「Goods transferred at a point in time 5,643,940 Goods transferred over time 2,290,641」
As disaggregated revenue information following application of the revenue recognition standard, the company updated the cumulative second-quarter amounts for goods transferred at a point in time and goods transferred over time. - FY2024-Q1Updated disaggregated revenue informationAnnual report
「Goods transferred at a point in time 2,475,146 Goods transferred over time 1,013,559」
As disaggregated revenue information following application of the revenue recognition standard, the company updated the cumulative first-quarter amounts for goods transferred at a point in time and goods transferred over time. - FY2023-Q3Updated disaggregated revenue informationAnnual report
「Goods transferred over time 4,376,573」
As disaggregated revenue information following application of the revenue recognition standard, the company updated the cumulative third-quarter amount for goods transferred over time. - FY2022Finalized the full-year impact of applying the revenue recognition standardAnnual report
「As a result, compared with before applying the revenue recognition standard and related standards, the consolidated balance sheet for the current consolidated fiscal year showed an increase of ¥895,249 thousand in contract assets, a decrease of ¥68,480 thousand in merchandise and finished goods, and a decrease of ¥634,190 thousand in work in process. On the consolidated income statement for the current consolidated fiscal year, revenue increased by ¥895,249 thousand, cost of sales increased by ¥702,670 thousand, and operating income, ordinary income and net income before income taxes each increased by ¥192,578 thousand.」
The company quantified the full-year impact of applying the revenue recognition standard and related standards and disclosed the impact on revenue, operating income, contract assets, inventories and other items. - FY2022-Q3Impact of the revenue recognition accounting standard updatedAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, revenue increased by ¥934,650 thousand, cost of sales increased by ¥764,696 thousand, and operating income, ordinary income and quarterly net income before income taxes each increased by ¥169,953 thousand. In addition, the beginning balance of retained earnings increased by ¥307,178 thousand.」
The company updated and disclosed the impact of applying the revenue recognition standard and related standards on revenue, cost of sales and each profit measure for the cumulative third quarter. - FY2022-Q2Quantified the impact of applying the revenue recognition standardAnnual report
「As a result, during the cumulative second quarter of the current consolidated fiscal year, revenue increased by ¥461,937 thousand, cost of sales increased by ¥442,345 thousand, and operating income, ordinary income and quarterly net income before income taxes each increased by ¥19,591 thousand. In addition, the beginning balance of retained earnings increased by ¥307,178 thousand.」
The company disclosed the impact of applying the revenue recognition standard and related standards on revenue, cost of sales, each profit measure and the beginning balance of retained earnings. - FY2022-Q1ReframedAnnual report
「As a result, for construction contracts, the company previously applied the percentage-of-completion method when the outcome of the work performed to date could be reliably estimated. It has changed to a method of recognising revenue over time as it satisfies the performance obligation to transfer goods or services to the customer, when control of the goods or services transfers to the customer over a specified period.」
Following the application of the revenue recognition standard, the previous percentage-of-completion method was reorganized into a method of recognizing revenue over time as performance obligations are satisfied. - FY2021First statedAnnual report
「Revenue from completed construction under the percentage-of-completion method was ¥1,029,343 thousand.」
The company disclosed revenue from completed construction recognized during the current fiscal year under the percentage-of-completion method and explained that changes in total estimated construction costs could have a material impact on amounts in the following fiscal year.