Application of the accounting standard for revenue recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
95 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The group recognizes revenue when control of the promised goods or services transfers to the customer, at the amount it expects to receive in exchange for those goods or services.」
Under the revenue recognition accounting standard, the company continues to recognize revenue when control transfers to the customer. - FY2022-Q3RestatedAnnual 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 of the current fiscal year. 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.」
The company continues to disclose its policy of applying the revenue recognition accounting standard from the beginning of the first quarter and recognizing revenue when control transfers to the customer. - FY2022-Q2RestatedAnnual 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 of the current fiscal year. 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.」
The company continues to disclose its policy of applying the revenue recognition accounting standard from the beginning of the first quarter and recognizing revenue when control transfers to the customer. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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.」
The company adopted the revenue-recognition standards from the beginning of the first quarter and recognises revenue when control transfers to the customer. Because its previous accounting treatment already complied with the standards, there was no impact on retained earnings or quarterly results.