Clarification of Revenue Recognition through the Application of IFRS 15
First written in FY2019-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025-H1.
16 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Revenue recognized from contracts with customers is presented as revenue.」
The accounting treatment of presenting revenue arising from contracts with customers as net sales is continuing. - FY2024-Q2RestatedAnnual report
「Revenue recognized from contracts with customers is presented as revenue.」
The accounting treatment of presenting revenue arising from contracts with customers as net sales is continuing. - FY2024-Q1RestatedAnnual report
「Revenue recognized from contracts with customers is presented as revenue.」
The accounting treatment of recognizing revenue arising from contracts with customers as net sales is continuing. - FY2019-Q3RestatedAnnual report
「In accordance with the transitional provisions, the group has adopted a method of retrospectively applying IFRS 15 to customer contracts that had not been completed as of the date of initial application, 1 April 2018, and recognizing the cumulative impact of initial application of the standard as an adjustment to the opening balance of retained earnings for the cumulative third quarter of the current consolidated fiscal period.」
It reconfirmed its method of applying IFRS 15 and stated that the adoption of the revenue recognition standard had no material impact on the financial statements. - FY2019-Q2RestatedAnnual report
「In accordance with the transitional provisions, the group has adopted a method of retrospectively applying IFRS 15 to customer contracts that had not been completed as of the date of initial application, 1 April 2018, and recognizing the cumulative impact of initial application of the standard as an adjustment to the opening balance of retained earnings for the cumulative second quarter of the current consolidated fiscal period.」
It reconfirmed its policy of applying IFRS 15 from 1 April 2018 and stated that the adoption had no material impact on the financial statements. - FY2019-Q1First statedAnnual report
「The group has adopted the following standards from the first quarter of the current consolidated fiscal year.」
It adopted IFRS 15, “Revenue from Contracts with Customers,” from 1 April 2018 and specified the 5 steps of identifying contracts, identifying performance obligations, determining and allocating the transaction price, and recognizing revenue when performance obligations are satisfied. Revenue from sales of goods had previously been recognized upon delivery, so it states that the adoption had no material impact on the condensed quarterly consolidated financial statements.