Adoption of revenue recognition accounting standards
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
91 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the current consolidated fiscal year. … For contracts in which performance obligations are satisfied over a specified period, the company estimates the stage of completion related to satisfaction of the performance obligations and has changed to a method of recognizing revenue over that period based on the estimated stage of completion.」
The revenue recognition accounting standard was applied for the full fiscal year, increasing revenue for the current consolidated fiscal year by ¥37,758 thousand and operating profit and other such items by ¥24,780 thousand. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 adopted from the first quarter continues to be applied for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 adopted from the first quarter continues to be applied. For the cumulative second quarter, revenue increased by ¥64,048 thousand and operating profit and other such items increased by ¥21,678 thousand. - 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.」
For contracts involving commissioned systems development in which performance obligations are satisfied over a specified period, the company changed to recognizing revenue based on the stage of completion. As a result, revenue for the quarter increased by ¥55,093 thousand and operating profit and other such items increased by ¥24,389 thousand.