Application of the accounting standard for revenue recognition
First written in FY2022-Q1. 7 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We recognize revenue when control of the promised goods or products transfers to the customer, at the amount expected to be received in exchange for those goods or products.」
Based on the Revenue Recognition Standard, we continue to recognize revenue when control of goods or products transfers to the customer, or, for ordinary domestic sales, when the goods are shipped. - FY2025RestatedAnnual report
「Our company and its domestic consolidated subsidiaries primarily have performance obligations to supply goods or products to customers. We recognize revenue when control of the promised goods or products transfers to the customer, at the amount expected to be received in exchange for those goods or products.」
Based on the Revenue Recognition Standard, we continue to recognize revenue when control of goods or products transfers to the customer, or, for domestic sales, ordinarily when the goods are shipped. - FY2024RestatedAnnual report
「Our company and its domestic consolidated subsidiaries primarily have performance obligations to supply goods or products to customers. We recognize revenue when control of the promised goods or products transfers to the customer, at the amount expected to be received in exchange for those goods or products.」
Based on the Revenue Recognition Standard, we continue to recognize revenue when control of goods or products transfers to the customer, or, for domestic sales, ordinarily when the goods are shipped. - FY2023RestatedAnnual report
「Our company and its domestic consolidated subsidiaries primarily have performance obligations to supply goods or products to customers. We recognize revenue when control of the promised goods or products transfers to the customer, at the amount expected to be received in exchange for those goods or products.」
Based on the Revenue Recognition Standard, we continue to recognize revenue when control of goods or products transfers to the customer, or, for ordinary domestic sales, when the goods are shipped. - 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.」
We continue to apply the Revenue Recognition Standard throughout the fiscal year and disclose the presentation of consideration paid supplies subject to repurchase obligations and contract liabilities. - FY2022-Q3RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year. We recognize revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, consideration paid supplies subject to repurchase obligations are recognized as inventories, while the ending inventory balance is recognized as a liability relating to consideration paid supplies as a financial transaction and presented under “Other” in current liabilities.」
We continue to apply the Revenue Recognition Standard and have reiterated the recognition and presentation of consideration paid supplies and repurchase obligations. - FY2022-Q2RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year. We recognize revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, consideration paid supplies subject to repurchase obligations are recognized as inventories, while the ending inventory balance is recognized as a liability relating to consideration paid supplies as a financial transaction and presented under “Other” in current liabilities.」
We continue to apply the Revenue Recognition Standard and provide specific disclosure of the presentation of consideration paid supplies and repurchase obligations. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
Effective 1 April 2021, the company applied the revenue recognition accounting standard and related standards and transitioned to an accounting policy of recognizing revenue when control transfers. The impact on the quarterly income statement was minor, and there was no impact on retained earnings at the beginning of the period.