Adoption of the Revenue Recognition Accounting Standard and Separation of Performance Obligations for Equipment Delivery and Installation
First written in FY2022-Q1. 6 of 8 entries say "Restated". Latest entry: FY2025-H1.
2 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「New equipment includes sales of new equipment and the provision of services related to equipment installation. Field solutions and other includes the provision of maintenance parts, services and equipment modification for equipment already delivered, as well as sales of used equipment.」
The company is reconfirming the revenue categories and contents for new equipment and field solutions and other after applying the revenue recognition accounting standard. - FY2023-Q3RestatedAnnual report
「New equipment includes sales of new equipment and the provision of services related to equipment installation. Field solutions and other includes the provision of maintenance parts, services and equipment modification for equipment already delivered, as well as sales of used equipment.」
In the disaggregation of revenue after applying the revenue recognition accounting standard, the company separately discloses new equipment and field solutions for equipment already delivered, including maintenance, modifications and used equipment sales. - FY2023-Q2RestatedAnnual report
「New equipment includes sales of new equipment and the provision of services related to equipment installation. Field solutions and other includes the provision of maintenance parts, services and equipment modification for equipment already delivered, as well as sales of used equipment.」
In the disaggregation of revenue after applying the revenue recognition accounting standard, the company separately discloses new equipment and field solutions for equipment already delivered, including maintenance, modifications and used equipment sales. - FY2023-Q1RestatedAnnual report
「New equipment includes sales of new equipment and the provision of services related to equipment installation. Field solutions and other includes the provision of maintenance parts, services and equipment modification for equipment already delivered, as well as sales of used equipment.」
In the disaggregation of revenue after applying the revenue recognition accounting standard, the company separately discloses sales of new equipment and installation services, and maintenance, modifications and used equipment sales for equipment already delivered. - FY2022AdvancedAnnual report
「As a result, compared with before the application of the revenue recognition accounting standard and related standards, the consolidated statement of income for the current consolidated fiscal year shows increases of ¥195.058 billion in revenue, ¥88.084 billion in cost of sales, and ¥106.974 billion each in operating income, ordinary income and profit before income taxes.」
The revenue recognition accounting standard was applied for the full fiscal year, establishing the practice of identifying equipment delivery and installation services as separate performance obligations. As an impact of the application, revenue increased by ¥195.058 billion and operating income, among other items, increased by ¥106.974 billion. - FY2022-Q3RestatedAnnual report
「In sales of semiconductor manufacturing equipment and FPD (flat-panel display) manufacturing equipment, the Company previously identified the delivery of equipment and the provision of services related to equipment installation primarily as a single performance obligation and recognized revenue when installation was completed. Following application of the standard, the Company now identifies equipment delivery and the provision of services related to equipment installation as separate performance obligations, and recognizes revenue when delivery of the equipment is completed and the performance obligation is satisfied, and when the provision of installation-related services is completed and that performance obligation is satisfied.」
The company continues to separately identify equipment delivery and installation services as performance obligations based on the revenue recognition accounting standard applied from the first quarter. For the cumulative third quarter, it disclosed the impact of the application, which increased revenue by ¥217.215 billion and operating income, among other items, by ¥122.467 billion. - FY2022-Q2RestatedAnnual report
「In sales of semiconductor manufacturing equipment and FPD (flat-panel display) manufacturing equipment, the Company previously identified the delivery of equipment and the provision of services related to equipment installation primarily as a single performance obligation and recognized revenue when installation was completed. Following application of the standard, the Company now identifies equipment delivery and the provision of services related to equipment installation as separate performance obligations, and recognizes revenue when delivery of the equipment is completed and the performance obligation is satisfied, and when the provision of installation-related services is completed and that performance obligation is satisfied.」
The company continues to separately identify equipment delivery and installation services as performance obligations based on the revenue recognition accounting standard applied from the first quarter. For the cumulative second quarter, it also disclosed the impact of the application, which increased revenue by ¥185.775 billion and operating income, among other items, by ¥101.367 billion. - FY2022-Q1First statedAnnual report
「In sales of semiconductor manufacturing equipment and FPD (flat-panel display) manufacturing equipment, the Company previously identified the delivery of equipment and the provision of services related to equipment installation primarily as a single performance obligation and recognized revenue when installation was completed. Following application of the standard, the Company now identifies equipment delivery and the provision of services related to equipment installation as separate performance obligations, and recognizes revenue when delivery of the equipment is completed and the performance obligation is satisfied, and when the provision of installation-related services is completed and that performance obligation is satisfied.」
From the beginning of the first quarter of the current fiscal year, the Company applied the revenue recognition accounting standard and related standards and changed to a method of identifying equipment delivery and installation services as separate performance obligations. As a result of the application, revenue and operating income, among other items, for the quarter increased by ¥139.567 billion and ¥82.894 billion, respectively, while retained earnings at the beginning of the period decreased by ¥753 million.