Revenue Recognition Over Time Following the Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 7 of 8 entries say "Restated". Latest entry: FY2024-Q3.
2 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Goods and services transferred over time 2,024,491」
The Company continues to recognize revenue over time under the Revenue Recognition Standard, with applicable revenue for the cumulative third quarter of the current consolidated fiscal year amounting to ¥2,024.491 million. - FY2024-Q1RestatedAnnual report
「Goods and services transferred over time 633,331」
The Company continues to recognize revenue over time under the Revenue Recognition Standard, with applicable revenue for the first quarter of the current fiscal year amounting to ¥633.331 million. - FY2023RestatedAnnual report
「For transactions involving the development, manufacture and sale of dedicated automated machines and the production of prototypes, performance to date does not create an asset that can be redirected to another use, and the Company has an enforceable right to payment for performance completed to date. Accordingly, except for contracts that are small in amount and very short term, the Company recognizes revenue over time as performance obligations are satisfied.」
Under the Revenue Recognition Standard, the Company continues to recognize revenue over time for dedicated automated machines, prototype production and related activities. - FY2022RestatedAnnual report
「As a result, net sales for the current consolidated fiscal year increased by ¥166.797 million, cost of sales increased by ¥126.642 million, and operating profit, ordinary profit and profit before income taxes increased by ¥40.154 million each.」
The Company continues to apply the Revenue Recognition Standard and has disclosed its full-year impact. - FY2022-Q3RestatedAnnual report
「As a result, for contracts to develop and manufacture dedicated automated machines and contracts for commissioned software development, revenue, which had previously been recognized upon customer acceptance, is now recognized over time as performance obligations are satisfied, except for very short-term contracts.」
For contracts to develop and manufacture dedicated automated machines and contracts for commissioned software development, the Company continues to recognize revenue over time as performance obligations are satisfied. - FY2022-Q3RestatedAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, net sales increased by ¥6.152 million, cost of sales decreased by ¥15.021 million, and operating profit, ordinary profit and profit before income taxes increased by ¥21.174 million each. In addition, the opening balance of retained earnings increased by ¥29.055 million.」
The Company continues to apply the Revenue Recognition Standard and disclosed its impact on the cumulative third quarter of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, for contracts to develop and manufacture dedicated automated machines and contracts for commissioned software development, revenue, which had previously been recognized upon customer acceptance, is now recognized over time as performance obligations are satisfied, except for very short-term contracts.」
The Company continues to apply the Revenue Recognition Standard and recognize revenue over time as contractual performance obligations are satisfied. During the cumulative second quarter, net sales decreased by ¥39.137 million, while operating profit and other relevant items increased by ¥4.418 million. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
For contracts to develop and manufacture dedicated automated machines and contracts for commissioned software development, revenue recognition was changed from recognition upon customer acceptance to recognition over time, in principle, as performance obligations are satisfied. As a result of the adoption, quarterly net sales increased by ¥82.643 million and operating profit and other relevant items increased by ¥25.202 million.