Application of the Standard on Disclosure of Accounting Estimates
First written in FY2021. 1 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026Updated the amount subject to estimationAnnual report
「For construction contracts meeting certain requirements, the percentage of completion is measured by comparing costs incurred through the end of the current consolidated fiscal year with the total estimated costs to completion, and revenue is recognized over a specified period in accordance with that percentage of completion.」
The company continued to apply estimates based on the percentage of completion and total estimated costs for construction contracts, resulting in contract assets of ¥6,800 million and related revenue of ¥2,005 million. - FY2025Updated the amount subject to estimationAnnual report
「For construction contracts meeting certain requirements, the percentage of completion is measured by comparing costs incurred through the end of the current consolidated fiscal year with the total estimated costs to completion, and revenue is recognized over a specified period in accordance with that percentage of completion.」
The estimation method for construction contracts was continued, with contract assets updated from ¥452.244 million to ¥573.398 million and related revenue from ¥238.624 million to ¥248.822 million. - FY2024Update to amounts subject to estimationAnnual report
「For construction contracts meeting certain requirements, the percentage of completion is measured by comparing costs incurred through the end of the current consolidated fiscal year with the total estimated costs to completion, and revenue is recognized over a specified period in accordance with that percentage of completion.」
The company continued to apply accounting estimates based on the percentage of completion and total estimated costs for construction contracts, and recognized contract assets of ¥4,522 million and revenue of ¥2,386 million. - FY2022AdvancedAnnual report
「For construction contracts meeting certain requirements, the percentage of completion is measured by comparing costs incurred through the end of the current consolidated fiscal year with the total estimated costs to completion, and revenue is recognized over a specified period in accordance with that percentage of completion.」
The disclosure of accounting estimates developed into a specific explanation of the percentage of completion and total estimated costs for construction contracts. Contract assets of ¥5,046 million and revenue of ¥2,957 million were recognized, and the company also stated that changes in estimates could have a material impact on amounts in the following fiscal year. - FY2021First statedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates.」
Notes on significant accounting estimates have been applied to the consolidated financial statements for the end of the current fiscal year.