Adoption of revenue recognition accounting standards
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
20 other companies' latest entry also says "Restated".
- 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 explain that it applied the revenue recognition accounting standard and related standards from the beginning of the first quarter, with no change in the timing or method of recognition and no impact on profit or loss. - FY2022-Q2First statedAnnual 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 applied the revenue recognition accounting standard and related standards from the beginning of the first quarter. It stated that there was no change in the timing or method of recognition and no impact on profit or loss or retained earnings for the cumulative second-quarter period.