Adoption of revenue-recognition and fair-value measurement accounting standards
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
126 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the 39th fiscal year. Accordingly, the key management indicators and other figures for the 39th fiscal year onward are based on the application of these accounting standards and other requirements.」
The company continues to disclose its accounting policy of applying the Revenue Recognition Accounting Standard and other standards from the beginning of the 39th fiscal year, and that the indicators are based on their application. - FY2022RestatedAnnual report
「The company has applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the current fiscal year, but they have had no impact on operating results or other matters.」
The company continues to explain its policy of applying the Revenue Recognition Accounting Standard and other standards from the beginning of the fiscal year and that they have had no impact on operating results or other matters for the current fiscal year. - FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) 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 company continues to disclose its accounting policy of applying the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter. It is stated that there is no impact on the financial statements for the nine months ended the third quarter. - FY2022-Q1First statedAnnual report
「The company has applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current 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. Accordingly, revenue from the real estate sales business is recognized when control of the property is transferred to the customer, based on the terms and consideration specified in the real estate sales contract and other agreements entered into with the customer.」
The company adopted the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the current fiscal year and changed its accounting policy to recognize revenue from real estate sales when control of the property is transferred to the customer. It stated that there was no cumulative effect or impact on the quarterly financial statements. The Accounting Standard for Fair Value Measurement and other standards were also adopted from the beginning of the period, with no impact on the quarterly financial statements.