Adoption of revenue recognition accounting standards
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024.
16 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In determining the transaction price, we recognize revenue 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.」
Under the revenue recognition accounting standard, the company continues to recognize revenue when control transfers to the customer. - FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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 company continues to apply the revenue recognition accounting standard for the full fiscal year and to recognize revenue from export sales when the risks and rewards transfer based on the applicable trade terms. - FY2023-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 company continues to apply the revenue recognition accounting standard adopted from the beginning of the first quarter of the current consolidated fiscal year and its method of recognizing revenue from export sales when the risks and rewards transfer. - FY2023-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
Under the revenue recognition accounting standard applied from the first quarter, the company continues to recognize revenue from export sales primarily when the risks and rewards transfer to the customer based on the applicable trade terms. The impact on the financial statements is immaterial, with no impact on the opening balance of retained earnings. - FY2023-Q1First statedAnnual report
「We 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 and began recognizing revenue 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 company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current consolidated fiscal year and changed its method for export sales to recognize revenue primarily when the risks and rewards transfer to the customer based on the applicable trade terms. The impact on the financial statements was immaterial, with no impact on the opening balance of retained earnings.