Application of New Accounting Standards on Revenue Recognition and Fair Value Measurement for the Fiscal Year Ended February 2023
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2023.
91 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, revenue for certain transactions had been recognized upon delivery, but the company changed to recognizing revenue over time for performance obligations satisfied over a specified period.」
The company continues to disclose the method of recognizing revenue for performance obligations satisfied over time and the impact on retained earnings of the revenue recognition standards applied from the beginning of the fiscal year ending February 2023. - FY2023-Q3RestatedAnnual report
「Because the company applied the revenue recognition standards, the accounts receivable previously presented under current assets in the consolidated balance sheet for the previous consolidated fiscal year have been included in accounts receivable and contract assets from the first-quarter consolidated accounting period, while advances received previously presented under current liabilities have been included in contract liabilities from the first-quarter consolidated accounting period.」
The company continues to disclose the presentation changes associated with the revenue recognition standards applied from the first quarter. - FY2023-Q2RestatedAnnual report
「As a result, revenue for certain transactions had been recognized upon delivery, but the company changed to recognizing revenue over time for performance obligations satisfied over a specified period.」
The company continues to disclose the method of recognizing revenue for performance obligations satisfied over time and the impact, including a decrease in the opening balance of retained earnings, of the revenue recognition standards applied from the first quarter. - FY2023-Q1AchievedAnnual report
「The Group 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 point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition, which had previously been scheduled for adoption, were applied from the beginning of FY2023-Q1. For performance obligations satisfied over time, the company changed to a method of recognizing revenue over time. - FY2022RestatedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The company reaffirmed plans to apply the revenue recognition and fair value measurement standards from the beginning of the fiscal year ending February 2023. - FY2021First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The company disclosed plans to apply the accounting standards for revenue recognition and fair value measurement from the beginning of the fiscal year ending February 2023.