Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period.」
The Company continues to apply the revenue recognition standard introduced from the beginning of the first quarter. It also continues to identify points as performance obligations and recognize contract liabilities. - FY2023-Q2RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period.」
The Company continues to apply the revenue recognition standard introduced from the beginning of the first quarter. It also continues to identify points as performance obligations and recognize contract liabilities. - FY2023-Q1AchievedAnnual 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 applied the revenue recognition standard as planned from the beginning of the fiscal year ending February 2023, changing to a method that identifies points as performance obligations and recognizes contract liabilities. - FY2019First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The Company disclosed that it planned to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending February 2023, with the impact still under evaluation.