Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
13 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「For construction contracts determined to have performance obligations satisfied over a period of time, revenue is recognised based on the progress toward satisfying the performance obligations.」
Revenue recognition based on progress for construction contracts under the revenue recognition accounting standard continues. - FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards 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 revenue recognition accounting standard continues to be applied from the beginning of the fiscal year. For construction contracts, revenue is recognised based on the progress toward satisfying performance obligations. The impact on the financial statements is considered immaterial. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standard applied from the first quarter continues to be applied. For construction contracts, revenue is recognised over time as performance obligations are satisfied, and the impact of the application on the income statement is considered immaterial. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standard applied from the first quarter continues to be applied. For construction contracts, revenue is recognised over time as performance obligations are satisfied. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 transfers to the customer.」
For construction contracts, the Company applied methods including recognising revenue over time as performance obligations were satisfied. The impact on the quarterly consolidated income statement was immaterial, and contract assets and contract liabilities were also presented.