Adoption of the Revenue Recognition Standard and Reclassification as Contract Liabilities
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
13 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result of adopting the revenue recognition standard and related standards, unearned revenue previously presented under current liabilities on the consolidated balance sheet for the previous consolidated fiscal year is included in contract liabilities from the current consolidated fiscal year.」
The change from presenting unearned revenue to presenting contract liabilities following adoption of the revenue recognition standard continues. - FY2022-Q3RestatedAnnual report
「As a result of adopting the revenue recognition standard and related standards, unearned revenue previously presented under current liabilities on the consolidated balance sheet for the previous consolidated fiscal year is included in contract liabilities from the first-quarter consolidated accounting period.」
The company continues to present unearned revenue as contract liabilities based on the revenue recognition standard adopted from the first quarter. - FY2022-Q2RestatedAnnual report
「As a result of adopting the revenue recognition standard and related standards, unearned revenue previously presented under current liabilities on the consolidated balance sheet for the previous consolidated fiscal year is included in contract liabilities from the first-quarter consolidated accounting period.」
The company continues to state the change to present unearned revenue as contract liabilities based on the revenue recognition standard adopted from the first quarter. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, and began recognizing revenue 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.」
The revenue recognition standard was adopted from the beginning of the first quarter of 2022. There was no impact on net sales, profit or loss, or retained earnings at the beginning of the period, and unearned revenue previously presented as such is now presented as contract liabilities.