Adoption of Revenue Recognition Accounting Standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024.
5 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the 39th fiscal year. Accordingly, the key management indicators and other information for the 39th fiscal year and thereafter are based on the application of those accounting standards and related standards.」
The company continues to disclose in the notes to its key management indicators that it applied the accounting standards for revenue recognition from the beginning of the 39th fiscal year. - FY2022RestatedAnnual report
「The company applied the accounting standards for revenue recognition and related standards from the beginning of the current consolidated fiscal year, and recognizes revenue 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 continued to apply the accounting standards for revenue recognition in its annual financial statements, stating that the impact on earnings was immaterial and that there was no impact on retained earnings at the beginning of the period. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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 company applied the accounting standards for revenue recognition and related standards from the beginning of the first quarter, changing to a method under which the amount equivalent to points is deducted from the transaction price when recognizing revenue. The impact on earnings was immaterial, and there was no impact on retained earnings at the beginning of the period.