Adoption of the Revenue Recognition Accounting Standard and Changes to Revenue Recognition Methods
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 of applying the Accounting Standard for Revenue Recognition and related standards, revenue for the nine months ended the third quarter increased by ¥1,191 million.」
The company continued to disclose the impact of the Accounting Standard for Revenue Recognition, applied from the first quarter, on the nine months ended the third quarter, with revenue increasing by ¥1,191 million and operating profit and ordinary profit each increasing by ¥61 million. - FY2022-Q2RestatedAnnual report
「As a result of applying the Accounting Standard for Revenue Recognition and related standards, revenue for the six months ended the second quarter increased by ¥445 million, while operating profit and ordinary profit each increased by ¥55 million.」
The company continued to disclose the impact of the Accounting Standard for Revenue Recognition, applied from the first quarter, on revenue, operating profit and ordinary profit for the cumulative quarter. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) 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 applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the quarter and changed the method for recognizing revenue from software contracts to recognize revenue over time as performance obligations are satisfied, among other changes. As a result of the application, revenue increased by ¥491 million, while operating loss and ordinary loss each decreased by ¥35 million.