Adoption of the Revenue Recognition Standard
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied from the beginning of the first quarter of the current consolidated fiscal year. 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 company continues to disclose its accounting policy of applying the Accounting Standard for Revenue Recognition from the beginning of the first quarter. - FY2022-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied from the beginning of the first quarter of the current consolidated fiscal year. 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 company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of fiscal 2021 and adopted an accounting policy of recognizing revenue when control transfers. It states that the impact on profit or loss and retained earnings at the beginning of the period was immaterial.