Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024-Q1.
28 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「In the environmental cleaning equipment business, we sell cleaning equipment, washing equipment and other products. For domestic sales of these products, significant risks and economic benefits associated with ownership transfer to the customer and the right to receive payment becomes established primarily when the products are shipped. For export sales, this occurs when the risks transfer to the customer in accordance with the trade terms stipulated under Incoterms and other rules. Accordingly, revenue is recognized at that point.」
Under the Revenue Recognition Standard, the policy of recognizing revenue primarily at shipment for domestic sales and when risks transfer under the applicable trade terms for export sales has continued. - FY2023RestatedAnnual report
「In the environmental cleaning equipment business, we sell cleaning equipment, washing equipment and other products. For domestic sales of these products, significant risks and economic benefits associated with ownership transfer to the customer and the right to receive payment becomes established primarily when the products are shipped. For export sales, this occurs when the risks transfer to the customer in accordance with the trade terms stipulated under Incoterms and other rules. Accordingly, revenue is recognized at that point.」
Under the Revenue Recognition Standard, the policy of recognizing revenue primarily at shipment for domestic sales and when risks transfer under the applicable trade terms for export sales has continued. - FY2022RestatedAnnual report
「The Group applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the 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 transfers to the customer.」
The application of the Revenue Recognition Standard and other relevant standards has continued. For domestic sales, the alternative treatment of recognizing revenue at shipment is applied in certain cases, and the disclosure states that the impact on profit or loss was immaterial, with no impact on the opening balance of retained earnings. - FY2022-Q2RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other relevant standards from the beginning of the fiscal year, and began recognizing revenue at the amount expected to be received in exchange for the goods or services when control of the promised goods or services transfers to the customer.」
The application of the Revenue Recognition Standard and other relevant standards has continued. For domestic sales, the alternative treatment of recognizing revenue at shipment is applied in certain cases, and the disclosure states that the impact on profit or loss was immaterial, with no impact on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other relevant standards from the beginning of the cumulative first quarter, and began recognizing revenue at the amount expected to be received in exchange for the goods or services when control of the promised goods or services transfers to the customer. We also applied the alternative treatment prescribed in Paragraph 98 of the Implementation Guidance on the Accounting Standard for Revenue Recognition. For domestic sales of goods, when the period from shipment until control of the goods transfers to the customer is a normal period, revenue is recognized at shipment. As a result, the impact on profit or loss for the cumulative first quarter was immaterial. There was also no impact on the opening balance of retained earnings.」
The Accounting Standard for Revenue Recognition and other relevant standards were applied from the first quarter beginning 1 April 2021, with the alternative treatment of recognizing revenue at shipment applied in certain cases for domestic sales. The impact on profit or loss was immaterial, with no impact on the opening balance of retained earnings.