Nippon Light Metal Holdings Company (5703) · PolicyRestated
Change in Revenue Recognition under the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Changes in Recognition of Construction, Materials-Supplied-for-Consideration, Principal-Agent and Other Transactions Due to Application of the Revenue Recognition Accounting StandardA theme 48 companies write about · 13 as a headwind · 7 as a tailwind
25 other companies' latest entry also says "Restated".
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Showing 14 of the 48 companies compared. The sentences above are computed from all 48.Full recordFilings, disclosures and news, newest first
- FY2022-Q2RestatedAnnual report
「第１四半期連結会計期間の期首から適用し、約束した財又はサービスの支配が顧客に移転した時点で、当該財又はサービスと交換に受け取ると見込まれる金額で収益を認識することといたしました。」
第１四半期から適用した収益認識会計基準と、顧客への支配移転時点で収益を認識する方針を再確認している。 - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
For part of domestic sales, recognition was changed from shipment to customer acceptance; construction contracts are recognized over time as performance obligations are satisfied; and principal-agent transactions changed from gross to net presentation. The impact on results was immaterial, and retained earnings at the beginning of the period increased by ¥51 million.