Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023.
91 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and other related standards from the beginning of the 23rd fiscal year. Accordingly, the key management indicators and other figures for the 23rd fiscal year onward are based on the standards after their application.」
The Company continues to apply the accounting treatment and presentation of indicators introduced following adoption of the revenue recognition standard. - 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.」
From the beginning of the first quarter of the current consolidated fiscal year, the Company applied the revenue recognition standards and other related standards and changed its accounting treatment for construction contracts to recognize revenue over time as performance obligations are satisfied.