Revenue recognition over time based on estimated total construction costs
First written in FY2022. 3 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2022: 10 of 83 companies on the "Worse" side.
28 other companies' latest entry also says "Other".
- FY2026Completed construction revenue updatedAnnual report
「Estimated total construction costs for the method of recognising revenue over time as performance obligations are satisfied Amount recorded in the consolidated financial statements for the current consolidated fiscal year Net sales ¥14,587 million」
The Company has continued to calculate completed construction revenue based on the ratio of costs incurred to total construction costs, with relevant net sales updated from ¥16,262 million in the previous fiscal year to ¥14,587 million. Subcontracting costs, changes in the construction period, changes in construction details and orders for additional construction work are the main assumptions. - FY2025AdvancedAnnual report
「Estimated total construction costs for the method of recognising revenue over time as performance obligations are satisfied Amount recorded in the consolidated financial statements for the current consolidated fiscal year Net sales ¥16,262 million」
The Company has continued to calculate completed construction revenue based on the ratio of costs incurred to total construction costs, with relevant net sales increasing from ¥15,804 million in the previous fiscal year to ¥16,262 million. Subcontracting costs, changes in the construction period, changes in construction details and orders for additional construction work are the main assumptions. - FY2024AdvancedAnnual report
「For completed construction revenue recognised over time as performance obligations are satisfied, the progress percentage is calculated for each construction contract as the ratio of costs incurred to estimated total construction costs as of the end of the consolidated fiscal year.」
The Company has continued to calculate completed construction revenue based on the ratio of costs incurred to total construction costs, with relevant net sales increasing from ¥14,411 million in the previous fiscal year to ¥15,804 million in the current fiscal year. - FY2023AdvancedAnnual report
「For completed construction revenue recognised over time as performance obligations are satisfied, the progress percentage is calculated for each construction contract as the ratio of costs incurred to estimated total construction costs as of the end of the consolidated fiscal year.」
The Company has continued to calculate completed construction revenue based on the ratio of costs incurred to total construction costs, with relevant net sales increasing from ¥8,055 million in the previous fiscal year to ¥14,411 million in the current fiscal year. - FY2022First statedAnnual report
「Revenue recognized for performance obligations satisfied over time is calculated for each construction contract based on the percentage of costs incurred relative to the estimated total construction costs as of the end of the consolidated fiscal year, with this percentage used as the measure of progress.」
With the adoption of the revenue recognition accounting standard, the Company specified an input method for recognising completed construction revenue based on total construction costs and costs incurred for each construction contract. Relevant net sales for the current fiscal year were ¥8,055 million, with subcontracting costs, changes in the construction period, changes in construction details and orders for additional construction work identified as the main assumptions underlying the estimates.