Adoption of the revenue recognition standard
First written in FY2022-Q1. 1 of 2 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 has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current fiscal year.」
The company continues to apply its accounting policy of applying the revenue recognition standard from the beginning of the fiscal year. - FY2022-Q1First statedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first-quarter accounting period. Revenue is recognised 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 applied the accounting standards for revenue recognition and related standards from the beginning of the first quarter accounting period under review and introduced an accounting policy of recognizing revenue when control is transferred to the customer. It states that there was no impact on profit or loss or retained earnings at the beginning of the period.