Changes in Revenue Recognition and Presentation Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
9 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter consolidated period increased by ¥23.936 million, cost of sales increased by ¥7.687 million, and operating income, ordinary income and quarterly net income before income taxes increased by ¥16.249 million each. Retained earnings at the beginning of the period decreased by ¥19.418 million.」
The company continues to apply the revenue recognition standard and discloses the impact on the cumulative third quarter period as a ¥23.936 million increase in revenue and a ¥16.249 million increase in operating income and related items, together with a ¥19.418 million decrease in retained earnings at the beginning of the period. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter consolidated period increased by ¥20.997 million, cost of sales increased by ¥10.203 million, and operating income, ordinary income and quarterly net income before income taxes increased by ¥10.794 million each. Retained earnings at the beginning of the period decreased by ¥19.418 million.」
The company continues to apply the revenue recognition standard and discloses the impact on the cumulative second quarter period as a ¥20.997 million increase in revenue and a ¥10.794 million increase in operating income and related items, together with a ¥19.418 million decrease in retained earnings at the beginning of the period. - FY2022-Q1First statedAnnual report
「We 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 and began recognizing revenue 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 changed its method for recognizing a portion of its licenses to recognize them over a specified period together with recurring services, and applied the cost-to-cost method or cost recovery method to contract development projects. As a result of the adoption, revenue for the current quarter increased by ¥10.221 million, operating income, ordinary income and quarterly net income before income taxes increased by ¥3.753 million each, and retained earnings at the beginning of the period decreased by ¥19.418 million. The company also began presenting contract assets and contract liabilities.