Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q2.
91 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「At an overseas consolidated subsidiary applying U.S. GAAP, the company has applied "Financial Instruments—Credit Losses" (ASC 326) from the beginning of the first quarter of the consolidated fiscal year.」
The company has continued applying ASC 326, "Financial Instruments—Credit Losses." There was no impact on the consolidated quarterly financial statements or the opening balance of retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the six-month period of the fiscal year increased by ¥71.339 million, while operating income, ordinary income and income before income taxes increased by ¥71.339 million each. The opening balance of retained earnings also decreased by ¥54.679 million.」
The company continued applying the revenue recognition accounting standards and related guidance adopted from the first quarter, disclosing increases of ¥71.339 million in each of net sales and profit for the six-month period. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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.」
Beginning in the first quarter, the company applied the revenue recognition accounting standards and related guidance, changing the timing of revenue recognition for certain licensing transactions in the AI Solutions business and non-refundable contract fees. As a result of the application, first-quarter net sales, operating income and ordinary income, among other items, each increased by ¥58.488 million, while the opening balance of retained earnings decreased by ¥54.679 million.