Application of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023-Q2.
36 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standards applied from the beginning of the first quarter of the consolidated fiscal year continue to be applied. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standards applied from the beginning of the first quarter of the consolidated fiscal year continue to be applied. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standards applied from the beginning of the first quarter of the consolidated fiscal year continue to be applied in the cumulative second quarter of the current consolidated fiscal year. - 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 and related standards and will recognize revenue 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 revenue recognition accounting standards, etc., were applied from the beginning of the first quarter of the current consolidated fiscal year. The timing of revenue recognition for product sales, variable consideration such as sales rebates, principal-versus-agent treatment for trading company transactions, and the recognition method for construction contracts were changed. As a result, current-quarter net sales decreased by ¥8,169 million, while operating income, ordinary income and income before income taxes decreased by ¥321 million each.