Change in revenue recognition method following the adoption of the Revenue Recognition Accounting Standard and related standards
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
91 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, the application of the Accounting Standard for Revenue Recognition and other relevant standards had an immaterial impact on profit and loss for the nine months ended 31 December of the current fiscal year. Beginning retained earnings also decreased by ¥3.185 million.」
The explanation that the Accounting Standard for Revenue Recognition and other relevant standards were applied from the beginning of the first quarter of the consolidated fiscal year, with an immaterial impact on profit and loss and a ¥3.185 million decrease in beginning retained earnings, is reconfirmed. - FY2022-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other relevant standards have been applied from the beginning of the first quarter of the consolidated fiscal year. 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 is transferred to the customer. Accordingly, the method used to estimate progress toward satisfaction of performance obligations for certain contracted services included in service revenue was changed from the conventional output method to the input method.」
The Accounting Standard for Revenue Recognition and other relevant standards were applied from the first quarter of FY2021, and the method for estimating progress for certain contracted services was changed from the output method to the input method. The impact on profit and loss was immaterial, while beginning retained earnings decreased by ¥3.185 million.