Adoption of revenue recognition accounting standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter, recognizing revenue 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 its accounting policy under the Accounting Standard for Revenue Recognition applied from the first quarter, stating that there is no impact on profit or loss for the nine-month period ended the third quarter. - FY2022-Q2RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter, recognizing revenue 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 its accounting policy under the Accounting Standard for Revenue Recognition applied from the first quarter, stating that there is no impact on profit or loss for the six-month period ended the second quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current 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 is transferred to the customer.」
The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current fiscal year, and has disclosed for the first time its accounting policy of recognizing revenue when control of services transfers to the customer. It explains that there is no impact on profit or loss or retained earnings at the beginning of the fiscal year.