Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
91 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, the impact on profit or loss and the balance of retained earnings at the beginning of the fiscal year was immaterial.」
The company reconfirmed that applying the revenue recognition accounting standard from the beginning of the consolidated fiscal year had an immaterial impact on profit or loss and retained earnings at the beginning of the fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, the impact on profit or loss and the balance of retained earnings at the beginning of the fiscal year for the nine months ended 31 December was immaterial.」
The company reconfirmed that, under the revenue recognition accounting standard applied from the first quarter, the impact on profit or loss and retained earnings at the beginning of the fiscal year remained immaterial for the nine months ended 31 December. - FY2022-Q2RestatedAnnual report
「As a result, the impact on profit or loss and the balance of retained earnings at the beginning of the fiscal year for the six months ended 30 September was immaterial.」
The company reconfirmed that, under the revenue recognition accounting standard applied from the first quarter, revenue is recognized according to the satisfaction of performance obligations, and that the impact on profit or loss and retained earnings at the beginning of the fiscal year for the six months ended 30 September was immaterial. - FY2022-Q1First statedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards 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 revenue recognition accounting standard and related standards from 1 April 2021 and changed the method of recognizing revenue for service contracts performed over a period of time to one based on the satisfaction of performance obligations. The impact on profit or loss and retained earnings at the beginning of the fiscal year was considered immaterial.