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GiG Works (2375) · PolicyRestated

Adoption of the revenue recognition accounting standard

First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.

2entries
1years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022-Q1 – FY2022-Q22022: 22022
Same theme, other companies
Changes in revenue recognition methods and presentation following adoption of the Revenue Recognition Accounting StandardA theme 126 companies write about · 17 as a headwind · 6 as a tailwind

The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.

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

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 126 companies compared. The sentences above are computed from all 126.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q2RestatedAnnual report

    「The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first quarter of the 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.」

    The company continues to disclose its policy of applying the Revenue Recognition Standard and other relevant standards from the first quarter.
  2. FY2022-Q1First statedAnnual report

    「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the 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 transfers to the customer.」

    Adopted the revenue recognition accounting standard and related standards from the beginning of the first quarter, recognizing revenue when control transfers to the customer.
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Adoption of the revenue recognition accounting standard | GiG Works Inc. (2375) | Komori