Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
7 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated 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 is transferred to the customer.」
The Revenue Recognition Accounting Standard continued to be applied throughout the fiscal year, and its impact on revenue, operating profit and other items for the current fiscal year was disclosed. - FY2022-Q3RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards increased revenue by ¥6 million and operating profit and ordinary profit by ¥4 million each.」
The accounting standards for revenue recognition applied from the first quarter continue to be applied, and the impact on the cumulative third-quarter period is disclosed. - FY2022-Q2RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards increased revenue by ¥9 million and operating profit and ordinary profit by ¥6 million each.」
The Revenue Recognition Accounting Standard, applied from the first quarter, continued to be applied in the second quarter, and the impact on the cumulative period was disclosed. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current consolidated 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 is transferred to the customer. As a result, revenue for the cumulative first quarter increased by ¥11.166 million, cost of sales increased by ¥9.649 million, and operating profit, ordinary profit and profit before income taxes increased by ¥1.517 million each.」
The method of recognizing revenue from contract development and other activities was changed and applied from the current quarter. The impact of the application on revenue and profit was also disclosed.