Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year, and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company continues to state its accounting policy of applying the Revenue Recognition Accounting Standard and related standards from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year,」
The company continues to state its accounting policy of applying the Revenue Recognition Accounting Standard and related standards from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards were applied from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
From the beginning of the first quarter of the current consolidated fiscal year, the company has applied the revenue recognition accounting standards and changed to revenue recognition based on the point at which control is transferred to the customer. For construction contracts, revenue is also recognized over time based on the degree of progress.