Adoption of accounting standards for revenue recognition
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
92 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group primarily identifies the delivery of merchandise or products to customers as its performance obligation.」
Following application of the revenue recognition accounting standard, the policy continues of treating the delivery of merchandise and products as the performance obligation, recognizing revenue for domestic sales normally at shipment and export sales when the risks and rewards are transferred. - FY2025RestatedAnnual report
「The Group primarily identifies the delivery of merchandise or products to customers as its performance obligation.」
The revenue recognition policy of treating the delivery of merchandise and products as the performance obligation continues following application of the revenue recognition accounting standard. - FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning 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.」
The revenue recognition accounting standard was applied from the beginning of the current fiscal year, and the policy of recognizing revenue for domestic sales at shipment under normal circumstances, among other policies, continues. - FY2022-Q2RestatedAnnual 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 same accounting policy and application status for the revenue recognition accounting standard applied from the beginning of the first quarter of the current consolidated fiscal year were disclosed again in the second quarter. It is stated that there was no impact on profit or loss or retained earnings. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 standard and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year, and the Group transitioned to recognizing revenue based on the point at which control is transferred to the customer. It is stated that there was no impact on profit or loss or retained earnings at the beginning of the period.