Planned 2022 Adoption of the Accounting Standard for Revenue Recognition
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
92 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated 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 is transferred to the customer.」
The company has reconfirmed that the accounting standards for revenue recognition and related standards have been applied from the beginning of the current consolidated fiscal year, and that revenue is recognized when control is transferred. - 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 has reconfirmed that the accounting standards for revenue recognition and related standards have been applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The accounting standards for revenue recognition and related standards planned in the previous filing were actually applied from the beginning of the first quarter of the current consolidated fiscal year, corresponding to the fiscal year ending December 2022. - FY2019First statedAnnual report
「Scheduled effective date: The changes are scheduled to take effect from the beginning of the fiscal year ending December 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending December 2022, with the amount of the impact currently under assessment.