Application of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards have been applied from the beginning of the 11th fiscal year.」
The accounting standards for revenue recognition continue to be applied. - FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards have been applied from the beginning of the 11th fiscal year.」
The accounting standards for revenue recognition continue to be applied. - FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other relevant standards from the beginning of the first quarter accounting period. Revenue is recognized 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 second-quarter report continues to state that the company has applied the revenue recognition accounting standards and related standards from the beginning of the first-quarter accounting period, and that the impact on profit or loss for the cumulative period of the current quarter is immaterial. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company adopted the revenue recognition standard from the beginning of the first quarter. For commissioned design and space-production services, it changed to a cost-recovery basis in certain cases. The impact on profit or loss was immaterial and there was no impact on opening retained earnings.