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 applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “revenue recognition standard”) and related standards from the beginning of the first quarter of the 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 revenue recognition accounting standard applied from the beginning of the first quarter of the consolidated fiscal year continues to be applied. - FY2022-Q2RestatedAnnual report
「The Company applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “revenue recognition standard”) and related standards from the beginning of the first quarter of the 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 revenue recognition accounting standard applied from the beginning of the first quarter of the consolidated fiscal year continues to be applied. The company states that there was no impact on profit or loss for the cumulative second quarter or on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
From the beginning of the first quarter of the current consolidated fiscal year, we applied the revenue recognition accounting standard and other relevant standards, changing our accounting policy to recognize revenue when control transfers. We applied the transitional treatment, and state that there was no impact on first-quarter profit or loss or opening retained earnings.