Application of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
91 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue increased by ¥626 million and cost of sales by ¥641 million during the cumulative third quarter. There was no impact on the opening balance of retained earnings.」
The impact of presentation and recognition changes under the revenue recognition standard applied from the first quarter was also reflected in the cumulative period, resulting in increases of ¥626 million in revenue and ¥641 million in cost of sales. - FY2022-Q2RestatedAnnual report
「As a result, revenue increased by ¥424 million and cost of sales by ¥416 million during the cumulative second quarter. There was no impact on the opening balance of retained earnings.」
Under the revenue recognition standard applied from the first quarter, the impact of changing the presentation of commuting expenses and equivalent items to a gross basis was also reflected in the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards from the beginning of the first-quarter consolidated accounting period. 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.」
At the beginning of the current quarter, the company applied the revenue recognition standard and related standards, changing the presentation of amounts equivalent to commuting expenses and other items from net to gross, and changing revenue recognition for contract work from recognition upon completion to recognition over time. Revenue increased by ¥216 million and ¥113 million, respectively.