Adoption of Revenue Recognition and Fair Value Measurement Standards
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
25 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The revenue recognition accounting standard and related standards were applied from the beginning of the first quarter, and revenue is recognized 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 company reconfirmed that it had applied the revenue recognition standards and related standards from the beginning of the fiscal year. The impact of changing the recognition methods for export sales, transactions involving compensated receipt of materials, transactions involving compensated supply of materials, and agency transactions was considered immaterial. - FY2023-Q2RestatedAnnual report
「The revenue recognition accounting standard and related standards were applied from the beginning of the first quarter, and revenue is recognized 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 company applied the revenue recognition standards and related standards from the beginning of the fiscal year and changed the recognition methods for export sales, transactions involving compensated receipt of materials, transactions involving compensated supply of materials, and agency transactions. The company reconfirmed that the impact on the quarterly consolidated financial statements was immaterial. - FY2023-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the cumulative first quarter of the 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 is transferred to the customer. The company also applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related standards from the beginning of the cumulative first quarter of the fiscal year, and applied the new accounting policies prescribed by the fair value measurement standards and related standards prospectively.」
The company applied the revenue recognition standards and related standards and the fair value measurement standards and related standards from the beginning of the cumulative first quarter of the fiscal year. Although the revenue recognition method was changed according to the contractual terms, the impact on the quarterly consolidated financial statements was immaterial, and there was no impact from the fair value measurement standards and related standards.