Adoption of the Revenue Recognition Standard and Recognition of Revenue Over Time
First written in FY2022-Q1. 4 of 6 entries say "Restated". Latest entry: 2026-05-25.
91 other companies' latest entry also says "Restated".
- 2026-05-25RestatedGeneral Meetings of Shareholders
「For performance obligations satisfied over time, when progress toward satisfying the performance obligation cannot be reasonably estimated but the costs incurred in satisfying the performance obligation are expected to be recovered, revenue is recognized using the cost-recovery method.」
The disclosure continues to state the revenue recognition policy for performance obligations satisfied over time. - FY2023RestatedAnnual report
「For contracts determined to have performance obligations satisfied over a certain period, we recognize revenue based on the progress toward satisfying the performance obligations.」
The company continued applying the revenue recognition accounting standard and its policy of recognizing revenue based on progress for performance obligations satisfied over a certain period. - FY2022RestatedAnnual report
「The revenue recognition accounting standards and related standards were applied from the beginning of the current consolidated fiscal year. Revenue is 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.」
The company continued applying the revenue recognition accounting standard and disclosed the impact for the fiscal year as a ¥88 million decrease in net sales, a ¥12 million decrease in operating income and other items, and a ¥31 million increase in opening retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter, net sales increased by ¥183 million, cost of sales increased by ¥205 million, and operating income, ordinary income and profit before income taxes for the quarter each increased by ¥2 million. The opening balance of retained earnings for the current fiscal year also increased by ¥31 million.」
The company continued applying the revenue recognition accounting standard and disclosed the impact for the cumulative third quarter as a ¥183 million increase in net sales, a ¥2 million increase in operating income and other items, and a ¥31 million increase in the opening balance of retained earnings. - FY2022-Q2AdvancedAnnual report
「The company applied the transitional treatment prescribed in paragraph 84 of the revenue recognition accounting standard. The cumulative effect of applying the new accounting policy retrospectively before the beginning of the first quarter of the consolidated fiscal year was added to or deducted from retained earnings at the beginning of the first quarter, and the new accounting policy was applied from that opening balance. As a result, for the cumulative second quarter, net sales increased by ¥175 million, cost of sales increased by ¥174 million, and operating income, ordinary income and profit before income taxes for the quarter each increased by ¥19 million. The opening balance of retained earnings for the current fiscal year also increased by ¥31 million.」
The company continued applying the revenue recognition accounting standard and quantitatively disclosed the impact for the cumulative second quarter as a ¥175 million increase in net sales, a ¥19 million increase in operating income and other items, and a ¥31 million increase in the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is 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. Previously, for construction contracts, we applied the percentage-of-completion method to construction work for which the reliability of the outcome for the portion completed could be recognized, and the completed-contract method to other construction work. We have changed to a method of recognizing revenue over a certain period as performance obligations are satisfied.」
The company applied the revenue recognition accounting standard and other standards from 1 April 2021 and changed its method for construction contracts to recognize revenue over a certain period, among other changes. For the cumulative first quarter, net sales increased by ¥147 million, cost of sales increased by ¥158 million, and operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥3 million.