Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023-Q3.
16 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Revenue by reporting segment is presented as disaggregated revenue information because the company's board of directors regularly reviews it for purposes of deciding the allocation of management resources and evaluating performance. Revenue by geographic region, by type of made-to-order production and by timing of recognition is also presented as disaggregated revenue information because these are likewise important management indicators.」
The company continued to disclose disaggregated revenue by segment, geographic region, type of made-to-order production and timing of recognition. - FY2022-Q3RestatedAnnual report
「Because the revenue recognition standards and other relevant standards were applied, "notes and accounts receivable" previously presented under "current assets" in the consolidated balance sheet for the previous consolidated fiscal year has been presented within "notes and accounts receivable and contract assets" from the first quarter of the current consolidated fiscal year, and "advances received" previously presented under "current liabilities" has been presented within "contract liabilities" from the first quarter of the current consolidated fiscal year.」
The company continued to apply the revenue recognition standards and other relevant standards and reconfirmed the presentation, including contract assets and contract liabilities. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, sales decreased by ¥33.593 million, cost of sales decreased by ¥52.029 million, and operating profit, ordinary profit and quarterly profit before income taxes each increased by ¥18.435 million.」
The company continued to apply the revenue recognition standards and other relevant standards and disclosed the amount of their impact on the cumulative period of the current quarter. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the 'Accounting Standard for Revenue Recognition' (ASBJ Statement No. 29, 31 March 2020) and related standards. We 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.」
The company applied the revenue recognition standards and other relevant standards from the beginning of the current quarter and changed its accounting treatment to recognize revenue based on such points as the shipment or customer acceptance of products and the completion of warranty services. As a result of the application, sales for the current quarter decreased by ¥22.808 million, operating profit, ordinary profit and quarterly profit before income taxes each increased by ¥2.158 million, and retained earnings at the beginning of the period decreased by ¥142.818 million.