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COMSYS Holdings (1721) · InitiativeRestated

Planned 2022 Adoption of the Accounting Standard for Revenue Recognition

First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.

4entries
4years
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ProgressHeldSoftenedWorseFirst statedFY2019 – FY2021AchievedFY2022-Q12019: 120192020: 020202021: 220212022: 12022
Same theme, other companies
Change to a progress-based revenue recognition method following the application of the Accounting Standard for Revenue RecognitionA theme 8 companies write about · 0 as a headwind · 0 as a tailwind

3 other companies' latest entry also says "Restated".

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Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3RestatedAnnual report

    「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and related standards have been applied from the beginning of the first quarter of the current fiscal year. In principle, for contracts related to construction projects and made-to-order software, we recognize revenue over a certain period as performance obligations are satisfied.」

    The application of the Revenue Recognition Standard from the beginning of the first quarter of the current fiscal year, and the recognition of revenue over time for construction contracts and made-to-order software, have been reaffirmed.
  2. FY2022-Q1AchievedAnnual report

    「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the current first-quarter consolidated accounting period.」

    The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was actually applied from the beginning of the first quarter of the current fiscal year.
  3. FY2021RestatedAnnual report

    「The standard will be applied from the beginning of the fiscal year ending March 2022.」

    The planned application of the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022 has been reaffirmed, while the amount of the impact remains under evaluation.
  4. FY2019First statedAnnual report

    「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」

    The Accounting Standard for Revenue Recognition and its implementation guidance are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact is still under evaluation.
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Planned 2022 Adoption of the Accounting Standard for Revenue Recognition | COMSYS Holdings Corporation (1721) | Komori