Adoption of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024.
126 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In the cloud business, the Company primarily sells and maintains systems delivered through cloud-based methods. For these services, initial costs incurred up to the launch of the service are recognized as revenue when service provision begins, while subsequent usage fees are recognized over the service period.」
The Company has reaffirmed its revenue recognition methods following adoption of the Accounting Standard for Revenue Recognition. - FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning 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 standard and fair value measurement standard from the beginning of the current consolidated fiscal year, reaffirming its revenue recognition methods and presentation of contract liabilities. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied 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 continues to apply the revenue recognition standard and fair value measurement standard adopted from the first quarter in the third quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied 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 has reaffirmed its explanation that the revenue recognition standard and fair value measurement standard applied from the first quarter had no impact. - FY2022-Q1First statedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan 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. This change in accounting policy had no impact on the quarterly consolidated financial statements. The Company has also applied the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment stipulated in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the new accounting policies prescribed by the Fair Value Measurement Standard and other standards have been applied prospectively. This change in accounting policy had no impact on the quarterly consolidated financial statements.」
The Company applied the Accounting Standard for Revenue Recognition and the Accounting Standard for Fair Value Measurement and other standards from the beginning of the current quarter. It states that neither had any impact on the quarterly consolidated financial statements.