Application of the Revenue Recognition Accounting Standard and Period Allocation for Contracted Software Development
First written in FY2023-Q2. 2 of 3 entries say "Restated". Latest entry: FY2025.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The software customization service consists of contracts to customize the Company’s software to customer specifications at the customer’s request. When control of the service transfers to the customer over a specified period, the Company recognizes revenue over that period as it satisfies the performance obligation to transfer the service to the customer.」
The Company continues to allocate revenue over time for contracted software development in accordance with the revenue recognition standard. - FY2023-Q3RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Company restated the revenue recognition standard applied from the first quarter and the method of allocating revenue over time for contracted software development, stating that the impact on the financial statements was immaterial. - FY2023-Q2First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
From the beginning of the first quarter of the consolidated fiscal year, the Company applied the revenue recognition standard and related standards. For certain contracted software development arrangements in which performance obligations are satisfied over a specified period, it changed to a method of recognizing revenue over time. The impact on the quarterly consolidated financial statements was considered immaterial.