Adoption of Revenue Recognition and Fair Value Measurement Standards
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024.
131 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the 169th fiscal year. Accordingly, the key management indicators and other information for the 169th fiscal year onward reflect application of these accounting standards.」
The notes to the key management indicators reiterate that the Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the 169th fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue and selling, general and administrative expenses for the cumulative period of the third quarter of the current consolidated fiscal year decreased by ¥51.543 million each. There was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the company disclosed an impact of ¥51.543 million on revenue and selling, general and administrative expenses for the cumulative period, and reconfirmed that there was no impact on operating profit or other items. - FY2022-Q2RestatedAnnual report
「As a result, revenue and selling, general and administrative expenses for the cumulative period of the second quarter of the current consolidated fiscal year decreased by ¥35.229 million each. There was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the company disclosed an impact of ¥35.229 million on revenue and selling, general and administrative expenses for the cumulative period, and reconfirmed that there was no impact on operating profit or other items. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other applicable standards were adopted from the beginning of the first quarter of the current 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.」
From the first quarter of the current fiscal year, the Group applied the Accounting Standard for Revenue Recognition, the Accounting Standard for Fair Value Measurement and other standards. The application of the revenue recognition standard reduced revenue and selling, general and administrative expenses by ¥16.686 million each, but had no impact on operating profit or other items. The application of the fair value measurement standard also had no impact on the quarterly consolidated financial statements.