Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
91 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Revenue from software development performed under contract is recognized based on the progress toward satisfying performance obligations. Progress toward satisfying performance obligations is calculated as the ratio of costs incurred to estimated total costs, under the input method.」
The Company continues to recognize revenue based on progress, applying the revenue recognition accounting standard. - FY2022AdvancedAnnual report
「As a result, revenue and cost of sales for the current consolidated fiscal year each decreased by ¥1.951 million, while other operating income increased by ¥17.342 million. Although there was no impact on operating income for the current consolidated fiscal year, ordinary income and profit before income taxes increased by ¥17.342 million each. The opening balance of retained earnings in the consolidated statement of changes in shareholders' equity and other items increased by ¥10.166 million, reflecting the cumulative effect on net assets at the beginning of the current consolidated fiscal year.」
The Company applied the revenue recognition accounting standard and related standards from the beginning of the current consolidated fiscal year and disclosed the numerical impact of the accounting policy change on profit or loss and opening retained earnings. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and related standards were applied from the beginning of the first quarter consolidated accounting period. 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 continues to apply the revenue recognition accounting standard and related standards from the beginning of the first quarter of the consolidated fiscal period. - FY2022-Q1First statedAnnual report
「The Group applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter under review. 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 of the current consolidated fiscal year, changing revenue recognition for software developed under contract from the percentage-of-completion and completed-contract methods to recognition over time and other methods based on the progress toward satisfying performance obligations. Revenue and cost of sales increased by ¥56.964 million, other operating income increased by ¥12.428 million, and opening retained earnings increased by ¥10.166 million.