Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022.
123 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized 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 Revenue Recognition Standard continues to apply for the full year. The impact on revenue, cost of sales and each profit measure was immaterial, and there was no impact on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 transfers to the customer.」
The Revenue Recognition Standard and related standards were adopted from 1 January 2022. Compared with the previous treatment, first-quarter revenue and cost of sales increased by ¥94,052 thousand, with no impact on operating profit, ordinary profit or pretax quarterly net income.