Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
123 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「However, because the timing of recognition of the revenue described above was unchanged from the timing at which revenue had been recognized before the application of the Accounting Standard for Revenue Recognition, there was consequently no quantitative impact on net sales, cost of sales, selling, general and administrative expenses, operating income, ordinary income or profit before income taxes for the cumulative third quarter of the consolidated fiscal year under review.」
It was reconfirmed that the timing of revenue recognition remained unchanged after the application of the Accounting Standard for Revenue Recognition, with no quantitative impact on profit or loss or retained earnings at the beginning of the period for the cumulative third quarter under review. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. 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.」
The Accounting Standard for Revenue Recognition was applied from the beginning of the first quarter of the consolidated fiscal year under review. It was stated that the timing of revenue recognition for each service was unchanged from before, with no quantitative impact on business results or retained earnings at the beginning of the period.