Changes to the Revenue Recognition Method Following Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2025.
93 other companies' latest entry also says "Restated".
- FY2025.Annual report
「We have applied the Accounting Standard for Income Taxes, Residents' Taxes and Enterprise Taxes (ASBJ Statement No. 27, 28 October 2022; hereinafter, the 2022 Revised Accounting Standard) and other standards from the beginning of the current consolidated fiscal year.」
The revised accounting standards issued in 2022 and other relevant standards were applied from the beginning of the current fiscal year, with no impact on the consolidated financial statements, as disclosed. - FY2022.Annual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The Revenue Recognition Standard was applied from the beginning of fiscal 2021, and recognition for certain system development projects was changed from recognition upon customer acceptance to recognition over a certain period. - FY2022-Q2.Annual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. 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 is transferred to the customer. As a result, for certain system development projects, revenue that was previously recognized upon customer acceptance is now recognized over a certain period because the performance obligation is satisfied over the development period.」
The Revenue Recognition Standard was applied from the beginning of the first quarter of fiscal 2021, and recognition for certain system development projects was changed from recognition upon customer acceptance to recognition over a certain period. Revenue for the cumulative second quarter increased by ¥33 million, while there was no impact on operating income or other profit figures, as disclosed.