Nippon Sheet Glass (5202) · PolicyRestated
Change in Revenue Recognition Method Following the Adoption of IFRS 15
First written in FY2019-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q3.
2entries
7years
0from disclosures
How it moved
Same theme, other companies
Revenue Recognition at the Point of Product Delivery under IFRS 15A theme 13 companies write about · 1 as a headwind · 1 as a tailwind
11 other companies' latest entry also says "Restated".
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- FY2024-Q3RestatedAnnual report
「There were no material changes during the cumulative consolidated third quarter under review to the management policies and strategies established by the Group or to the business and financial issues that it needs to address.」
The company stated that there had been no material changes to its management policies or management strategies and that its existing revenue recognition policy remained in effect. - FY2019-Q1First statedAnnual report
「IFRS 15, Revenue from Contracts with Customers, is the standard governing revenue recognition and has been applied from the current consolidated fiscal year.」
IFRS 15 was adopted from the fiscal year ended March 2019. For sales of molds for automotive glass, revenue recognition was changed from recognition over the contract period to recognition when the molds are delivered to the customer. The company explained that there was no material impact on the financial statements and that the medium- to long-term impact was also not material.