Adoption of the revenue-recognition accounting standard and related guidance
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-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.」
The accounting standards for revenue recognition applied from the first quarter continued to be applied in the second quarter. The company stated that there was no impact on cumulative-period profit or loss or the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The company applied the accounting standards for revenue recognition and other related standards from the beginning of the first-quarter consolidated accounting period, changing to revenue recognition based on the point at which control transfers. It explained that there was no impact on profit or loss or the opening balance of retained earnings.