Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q3. 2 of 3 entries say "Restated". Latest entry: FY2023.
4 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards are applied, and revenue is recognised 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 annual financial statements reconfirm the application of the Revenue Recognition Standard and the revenue recognition policy based on the point at which control is transferred. - FY2022RestatedAnnual 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 other relevant standards from the beginning 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 is transferred to the customer.」
The application of the Revenue Recognition Standard from the beginning of the fiscal year is confirmed in the annual financial statements. The company states that there was no impact on profit or loss or opening retained earnings. - FY2022-Q3First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter accounting period. Revenue is recognised 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 company has applied the alternative treatment prescribed in Paragraph 98 of the Implementation Guidance on the Accounting Standard for Revenue Recognition. Accordingly, for domestic sales of products, revenue is recognised at the time of shipment when the period from shipment until control of the product is transferred to the customer is a normal period.」
The Revenue Recognition Standard was applied from the beginning of the first quarter accounting period. While the basic policy is to recognise revenue when control is transferred, revenue is recognised at shipment for domestic product sales in certain cases. The company states that there was no impact on profit or loss or opening retained earnings.