Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards. 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 transfers to the customer.」
The company has reconfirmed that it applies the revenue recognition accounting standard and related standards from the beginning of the first quarter of the fiscal year. For domestic sales, it also applies the alternative treatment of recognizing revenue upon shipment in certain cases. - FY2022-Q2RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards. 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 transfers to the customer.」
The company has reconfirmed that it applies the revenue recognition accounting standard and related standards from the beginning of the first quarter of the fiscal year, and that for domestic sales it applies the alternative treatment of recognizing revenue upon shipment in certain cases. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter accounting period. Accordingly, key management indicators for the cumulative first quarter reflect application of these accounting standards.」
The company adopted the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current fiscal year. For domestic sales, it also applies the alternative treatment of recognizing revenue upon shipment when the usual period is involved, and states that there is no impact on profit or loss for the quarter or retained earnings at the beginning of the period.