Preparing to Adopt the Revenue Recognition Accounting Standard in 2022
First written in FY2019. 1 of 16 entries say "Restated". Latest entry: FY2026.
16 other companies' latest entry also says "Other".
- FY2026Updated full-year revenue recognition breakdownAnnual report
「Current fiscal year (1 April 2025 to 31 March 2026): goods transferred at a point in time, ¥14,859,595 thousand; goods transferred over time, ¥278,926 thousand; revenue from contracts with customers (net sales), ¥15,138,522 thousand」
The company continued to apply the method used after adopting the revenue recognition accounting standard and disclosed the breakdown of full-year net sales: ¥14,859,595 thousand recognized at a point in time and ¥278,926 thousand recognized over time. - FY2026-H1Updated the breakdown of revenue recognition for the interim periodAnnual report
「We identify the provision of these services or similar services as a single performance obligation. We determine that these performance obligations are satisfied over time because, where certain agreements are in place, the services are tailored to customer specifications and cannot be redirected to another customer, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate progress toward satisfying the performance obligation and recognize revenue over time based on that progress. “Goods transferred at a point in time ¥5,453,574 thousand” “Goods transferred over time ¥559,640 thousand” “Revenue from contracts with customers (net sales) ¥6,013,215 thousand”」
The company continued to recognize revenue over time based on progress following the adoption of the revenue recognition accounting standard and disclosed the breakdown of net sales for the current interim accounting period: ¥5,453,574 thousand recognized at a point in time, ¥559,640 thousand recognized over time, and ¥6,013,215 thousand in total. - FY2025-H1Updated the breakdown of revenue recognition for the interim periodAnnual report
「We identify the provision of these services or similar services as a single performance obligation. We determine that these performance obligations are satisfied over time because, where certain agreements are in place, the services are tailored to customer specifications and cannot be redirected to another customer, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate progress toward satisfying the performance obligation and recognize revenue over time based on that progress. “Goods transferred at a point in time ¥4,316,068 thousand” “Goods transferred over time ¥855,186 thousand” “Revenue from contracts with customers (net sales) ¥5,171,254 thousand”」
The company continued to apply the method used after adopting the revenue recognition accounting standard and disclosed the breakdown of net sales for the current interim accounting period: ¥4,316,068 thousand recognized at a point in time, ¥855,186 thousand recognized over time, and ¥5,171,254 thousand in total. - FY2024Updated full-year revenue recognition breakdownAnnual report
「We determine that these performance obligations are satisfied over time because, where certain agreements are in place, the services are tailored to customer specifications and cannot be redirected to another customer, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate progress toward satisfying the performance obligation and recognize revenue over time based on that progress.」
The company continued to apply the method used after adopting the revenue recognition accounting standard and disclosed that, of full-year net sales of ¥8,959,015 thousand, ¥8,952,373 thousand comprised goods transferred at a point in time and ¥6,641 thousand comprised goods transferred over time. - FY2024-Q3Updated nine-month revenue recognition breakdownAnnual report
「We determine that these performance obligations are satisfied over time because, where certain agreements are in place, the services are tailored to customer specifications and cannot be redirected to another customer, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate progress toward satisfying the performance obligation and recognize revenue over time based on that progress. “Goods transferred at a point in time ¥7,237,411 thousand” “Goods transferred over time ¥132,185 thousand” “Revenue from contracts with customers (net sales) ¥7,369,597 thousand”」
The company reconfirmed its method of recognizing revenue over time based on progress following the adoption of the revenue recognition accounting standard and disclosed the breakdown of net sales for the cumulative third quarter: ¥7,237,411 thousand recognized at a point in time, ¥132,185 thousand recognized over time, and ¥7,369,597 thousand in total. - FY2024-Q2Updated second-quarter revenue recognition breakdownAnnual report
「We identify the provision of these services or similar services as a single performance obligation. We determine that these performance obligations are satisfied over time because, where certain agreements are in place, the services are tailored to customer specifications and cannot be redirected to another customer, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate progress toward satisfying the performance obligation and recognize revenue over time based on that progress. “Goods transferred at a point in time ¥3,289,726 thousand” “Goods transferred over time ¥244,073 thousand” “Revenue from contracts with customers (net sales) ¥3,533,800 thousand”」
The company reconfirmed its method of recognizing revenue based on progress following the adoption of the revenue recognition accounting standard and disclosed the breakdown of net sales for the cumulative second quarter: ¥3,289,726 thousand recognized at a point in time, ¥244,073 thousand recognized over time, and ¥3,533,800 thousand in total. - FY2024-Q1Updated first-quarter revenue recognition breakdownAnnual report
「We identify the provision of these types of work or services as a single performance obligation. Where certain agreements exist, these performance obligations are deemed to be satisfied over a period of time because they are customer-specific and cannot be redirected to another use, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate the progress toward satisfaction of the performance obligations and recognize revenue over a period of time based on that progress.” “Goods transferred at a point in time ¥1,606.917 million” “Goods transferred over a period of time ¥175.262 million” “Revenue from contracts with customers (net sales) ¥1,782.180 million”」
The Company has reaffirmed its post-application method of recognizing revenue over a period of time based on progress and disclosed the first-quarter net sales breakdown of ¥1,606.917 million for goods transferred at a point in time, ¥175.262 million for goods transferred over a period of time, and total net sales of ¥1,782.180 million. - FY2023-Q3Updated nine-month revenue recognition breakdownAnnual report
「These performance obligations are deemed to be satisfied over a period of time where certain agreements exist because they are customer-specific and cannot be redirected to another use, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate the progress toward satisfaction of the performance obligations and recognize revenue over a period of time based on that progress.” “Goods transferred at a point in time ¥12,066.200 million ¥13,284.952 million Goods transferred over a period of time ¥6,905.446 million ¥1,395.084 million」
The Company has reaffirmed its post-application method of recognizing revenue over a period of time based on progress, and disclosed nine-month net sales of ¥13,284.952 million for goods transferred at a point in time and ¥1,395.084 million for goods transferred over a period of time. - FY2023-Q2Disclosure of the current quarter’s revenue recognition breakdownAnnual report
「We identify the provision of these types of work or services as a single performance obligation. Where certain agreements exist, these performance obligations are deemed to be satisfied over a period of time because they are customer-specific and cannot be redirected to another use, and because we have the right to receive consideration for the portion of the performance obligation completed. Accordingly, we estimate the progress toward satisfaction of the performance obligation and recognize revenue over a period of time based on that progress.” “Goods transferred at a point in time: ¥7,536.527 million” “Goods transferred over a period of time: ¥674.278 million”」
The Company has reaffirmed its post-application revenue recognition method and disclosed the six-month net sales breakdown of ¥7,536.527 million for goods transferred at a point in time and ¥674.278 million for goods transferred over a period of time. - FY2022Final full-year disclosure of the impact of applicationAnnual report
「As a result, for the fiscal year, net sales decreased by ¥627.423 million, cost of sales decreased by ¥548.716 million, and operating income, ordinary income and profit before income taxes decreased by ¥78.707 million each. The opening balance of retained earnings also increased by ¥61.050 million.」
For the revenue recognition accounting standard applied from the beginning of the fiscal year ending March 2022, the Company made a final full-year disclosure of the impact. Net sales decreased by ¥627.423 million, cost of sales decreased by ¥548.716 million, operating income and other items decreased by ¥78.707 million, and the opening balance of retained earnings increased by ¥61.050 million. - FY2022-Q3Updated cumulative impact of applying the revenue recognition standardAnnual report
「Accordingly, whereas revenue was previously recognized when the work or services related to a project were completed, for performance obligations satisfied over a period of time, the Company has changed to a method of estimating the progress toward satisfaction of the performance obligations and recognizing revenue over that period based on the estimated progress. As a result, for the nine-month period, net sales increased by ¥6,905.446 million, cost of sales increased by ¥5,851.303 million, and operating income, ordinary income and profit before income taxes increased by ¥1,054.143 million each. The opening balance of retained earnings also increased by ¥61.050 million.」
For the revenue recognition accounting standard applied from the beginning of the first quarter accounting period, the Company disclosed the method of recognizing revenue over a period of time based on progress and the impact for the nine-month period, including an increase of ¥6,905.446 million in net sales and ¥1,054.143 million in operating income and other items. - FY2022-Q2Quantitative disclosure of the impact of applicationAnnual report
「As a result, for the six-month period, net sales increased by ¥5,598.922 million, cost of sales increased by ¥5,362.237 million, and operating income, ordinary income and profit before income taxes increased by ¥236.684 million each. The opening balance of retained earnings also increased by ¥61.050 million.」
The Company quantitatively disclosed the impact on net sales, cost of sales, operating income and other items, as well as retained earnings, for the six-month period of applying the revenue recognition accounting standard from the beginning of the first quarter accounting period. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020), among others, from the beginning of the first quarter accounting period. 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. Accordingly, whereas revenue was previously recognized when the work or services related to a project were completed, for performance obligations satisfied over a period of time, the Company has changed to a method of estimating the progress toward satisfaction of the performance obligations and recognizing revenue over that period based on the estimated progress.」
The Company actually applied the revenue recognition accounting standard from the beginning of the first quarter accounting period, following preparations for application from the beginning of the fiscal year ending March 2022. For performance obligations satisfied over a period of time, it changed to recognizing revenue based on the progress toward satisfaction. - FY2021AdvancedAnnual report
「During the fiscal year, the Company entered into an agreement with its accounting auditor for advisory and guidance services concerning the new revenue recognition standard.」
Regarding the revenue recognition accounting standard scheduled for application from the beginning of the fiscal year ending March 2022, the Company entered into an agreement with its accounting auditor for advisory and guidance services. This adds a specific support agreement to the previous preparations of scheduled application and impact assessment. - FY2020RestatedAnnual report
「This is a comprehensive accounting standard on revenue recognition.” “Scheduled application date: from the beginning of the fiscal year ending March 2022.” “The amount of the impact was being assessed when these financial statements were prepared.”」
The Company has reaffirmed its previous policy regarding the revenue recognition accounting standard, namely applying it from the beginning of the fiscal year ending March 2022 and assessing the amount of the impact. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 30 March 2018). “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 30 March 2018). The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was being assessed when these financial statements were prepared.」
The Company stated that the accounting standard and implementation guidance on revenue recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was being assessed.