Future Application of the Accounting Standard for Revenue Recognition
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: FY2023.
74 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our group manufactures and sells products for the measurement and control device, power supply and power control, and environmental and energy-related fields, as well as providing calibration and repair services related to these products. For sales of each product, revenue is recognized when control of the product transfers to the customer under the contract, normally at shipment, delivery, or customer acceptance.」
For the full year, it reconfirms the method of recognizing revenue from product sales and calibration and repair services following application of the revenue recognition accounting standard. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
It reconfirms for the full year that the accounting standards and guidance on revenue recognition have been applied from the beginning of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
It reconfirms that the accounting standards and guidance on revenue recognition have been applied from the beginning of the first quarter. The application had no impact on earnings for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The accounting standards and guidance on revenue recognition, 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. For export sales, the revenue recognition method was changed to recognize revenue when the risk burden transfers to the customer in accordance with the applicable trade terms. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The accounting standards and guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is still being assessed. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The accounting standards and guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is still being assessed. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards and related guidance for revenue recognition from the beginning of the fiscal year ending March 2022, and continues to evaluate the impact. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these accounting standards and guidance is still being assessed in preparing the consolidated financial statements.」
The new accounting standard and implementation guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the financial statements is still being assessed.