Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year, but the impact on the quarterly consolidated financial statements is immaterial.」
The company continues to apply the revenue recognition standard adopted from the first quarter and has continued to explain that its impact on the financial statements is immaterial. - FY2022-Q2RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year, but the impact on the quarterly consolidated financial statements is immaterial.」
The company continues to apply the revenue recognition standard adopted from the first quarter and has explained that its impact on the quarterly consolidated financial statements is immaterial. - FY2022-Q1First statedAnnual report
「The company 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. 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 company applied the revenue recognition standard and related standards from the beginning of the first quarter of the current consolidated fiscal year and changed to revenue recognition based on the point at which control is transferred to the customer. It explained that the impact on net sales, operating income, ordinary income, and other items was immaterial.