Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, retained earnings brought forward at the beginning of the period increased by ¥3,477 thousand, and there was no impact on profit or loss for the fiscal year.」
The company applied the revenue recognition accounting standard from the beginning of the fiscal year. Retained earnings brought forward at the beginning of the period increased by ¥3,477 thousand, but it stated that there was no impact on profit or loss for the fiscal year. - FY2022-Q2RestatedAnnual report
「The company noted that there was no impact on profit or loss for the cumulative second-quarter period.」
The company reconfirmed that applying the revenue recognition accounting standard from the beginning of the first quarter had no impact on profit or loss for the cumulative second-quarter period. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020) and related standards from the beginning of the first quarter, and began recognizing revenue at the time 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.」
The company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current fiscal year, changing the timing of revenue recognition to conform to the new standards. Although this affected retained earnings at the beginning of the period and the presentation of the balance sheet, it stated that there was no impact on profit or loss for the cumulative first-quarter period.