Adoption of revenue recognition accounting standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
13 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the current consolidated fiscal year. Accordingly, 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 revenue recognition accounting standard has continued to be applied from the beginning of the fiscal year, with deferred revenue presented as a contract liability. - FY2022-Q2RestatedAnnual report
「As a result of applying the revenue recognition accounting standard and other relevant standards, deferred revenue presented under current liabilities in the consolidated balance sheet for the previous consolidated fiscal year has been presented as contract liabilities under current liabilities from the first quarter of the current consolidated fiscal year.」
The Group continues to account for deferred revenue as contract liabilities based on the revenue recognition accounting standard applied from the first quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Group applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year and presented deferred revenue as contract liabilities. It stated that there was no impact on opening balances of profit or loss or retained earnings.