Adoption of the Revenue Recognition Standard and Presentation of Contract Assets and Liabilities
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
10 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Compared with the previous accounting treatment, for the consolidated fiscal year, revenue increased by ¥311,969 thousand and cost of sales by ¥314,639 thousand, while operating profit, ordinary profit and profit before income taxes decreased by ¥2,669 thousand each.」
The company continued applying the revenue recognition accounting standard and disclosed its cumulative annual impact on revenue, cost of sales and profit, as well as the presentation of contract assets and contract liabilities. - FY2022-Q2RestatedAnnual report
「Compared with the previous accounting treatment, for the second-quarter consolidated cumulative period, revenue increased by ¥142,325 thousand and cost of sales by ¥144,994 thousand, while operating profit, ordinary profit and quarterly profit before income taxes decreased by ¥2,669 thousand each.」
The revenue recognition accounting standard applied from the first quarter continued to be applied, and the impact on the second-quarter cumulative period was disclosed. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
From the first quarter, the company applied the revenue recognition accounting standard and related standards and changed its method of recognising revenue from software produced under contract. Revenue increased by ¥59,468 thousand and cost of sales by ¥62,137 thousand, while operating profit, ordinary profit and quarterly profit before income taxes decreased by ¥2,669 thousand each. The company also began presenting contract assets and contract liabilities.