Adoption of the revenue recognition accounting standard
First written in FY2022-Q3. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
96 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.」
収益認識会計基準を年度の期首から適用し、支配が顧客に移転した時点で収益を認識する方針を年度開示でも再確認している。 - FY2022-Q3First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year. 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. The impact on profit or loss for the nine months ended the third quarter was immaterial, and there was no cumulative impact requiring reflection in the opening balance of retained earnings for the current consolidated fiscal year.」
The Revenue Recognition Standard was adopted from the beginning of the first quarter, changing the policy to recognize revenue when control transfers to the customer. The impact on profit or loss was immaterial, with no cumulative impact on opening retained earnings.