Application of the Revenue Recognition Standard to Foreign Consolidated Subsidiaries
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
9 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Foreign consolidated subsidiaries applying U.S. GAAP have adopted ASU No. 2014-09, Revenue from Contracts with Customers, from the first quarter. Accordingly, revenue is recognized when promised goods or services are transferred to customers, at an amount reflecting the consideration the subsidiaries expect to be entitled to receive in exchange for those goods or services.」
The application of ASU No. 2014-09 by foreign consolidated subsidiaries was reconfirmed. Its impact on profit for the nine-month period was deemed immaterial. - FY2020-Q2RestatedAnnual report
「Foreign consolidated subsidiaries applying U.S. GAAP have adopted ASU No. 2014-09, Revenue from Contracts with Customers, from the first quarter. Accordingly, revenue is recognized when promised goods or services are transferred to customers, at an amount reflecting the consideration the subsidiaries expect to be entitled to receive in exchange for those goods or services.」
The application of ASU No. 2014-09 by foreign consolidated subsidiaries was reconfirmed. Its impact on operating profit and other measures for the six-month period was deemed immaterial. - FY2020-Q1First statedAnnual report
「Foreign consolidated subsidiaries applying U.S. GAAP have adopted ASU No. 2014-09, Revenue from Contracts with Customers, from the first quarter of the current consolidated fiscal year. Accordingly, revenue is recognized when promised goods or services are transferred to customers, at an amount reflecting the consideration the subsidiaries expect to be entitled to receive in exchange for those goods or services.」
Foreign consolidated subsidiaries applying U.S. GAAP adopted ASU No. 2014-09 from the first quarter and changed to revenue recognition based on the point at which goods and services are transferred to customers. The impact on profit was deemed immaterial.