Application of revenue recognition accounting standards and presentation of contract assets and contract liabilities
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
20 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Company 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. 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 transfers to the customer.」
The revenue recognition accounting standards have been applied since the first quarter, and the policy of recognizing revenue when control is transferred to the customer continues to be applied. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition accounting standards and related standards were applied from 1 April 2021, and the timing of revenue recognition was changed. Accordingly, bills and accounts receivable are presented as bills receivable, accounts receivable, and contract assets, and contract liabilities are also presented.