Application of the accounting standard for revenue recognition
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year, and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The application of the revenue recognition accounting standard, which began in the first quarter, has continued. - FY2023-Q1RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year, and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The application of the revenue recognition accounting standard, which began in the first quarter, has continued. - FY2022-Q3RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year, and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The application of the revenue recognition standard, which began in the first quarter, has continued. The company disclosed that, for the nine months ended the current third quarter, revenue increased by ¥23.398 million and operating profit and other items by ¥8.013 million, while the opening balance of retained earnings decreased by ¥16.651 million. - FY2022-Q2RestatedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year, and recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The application of the revenue recognition standard, which began in the first quarter, has continued. For the six months ended the current second quarter, the company disclosed that revenue increased by ¥38.489 million and operating profit and other items by ¥18.133 million, while the opening balance of retained earnings decreased by ¥16.651 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards were applied from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition standard was applied from the beginning of the current quarter, including an alternative treatment under which revenue from domestic sales is recognized upon shipment in certain cases. As a result, revenue increased by ¥10.277 million, cost of sales by ¥2.884 million and operating profit and other items by ¥3.388 million, while the opening balance of retained earnings decreased by ¥16.651 million.