Adoption of the Revenue Recognition and Fair Value Measurement Accounting Standards
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
126 other companies' latest entry also says "Restated".
- 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 company continues to apply the Accounting Standard for Revenue Recognition, stating that its impact on profit or loss for the cumulative second-quarter period was immaterial and that there was no impact on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the Accounting Standard for Revenue Recognition from the beginning of the first-quarter consolidated accounting period and simultaneously applied the Accounting Standard for Fair Value Measurement and related standards. It states that the impact of applying the revenue recognition standard on profit or loss for the quarter was immaterial and that there was no impact on the opening balance of retained earnings.