Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There were no changes to the description of significant accounting estimates and the assumptions used in those estimates in the section on “Analysis of the Financial Position, Operating Results and Cash Flows by Management” in the annual securities report for the previous fiscal year.」
The company states that there were no significant changes from the previous fiscal year in its significant accounting estimates or the related assumptions. - FY2022-Q3RestatedAnnual report
「The Company 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. 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 transfers to the customer.」
The revenue recognition accounting standards applied from the first quarter continued to be applied. The company states that the impact on profit or loss for the cumulative third-quarter period was immaterial and that there was no impact on the opening balance of retained earnings. - FY2022-Q2RestatedAnnual report
「The Company 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. 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 transfers to the customer.」
The revenue recognition accounting standards applied from the first quarter continued to be applied in the second quarter. The company states that the impact on profit or loss was immaterial and that there was no impact on the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
From the beginning of the first-quarter consolidated accounting period under review, the company applied the revenue recognition accounting standards and related standards and changed to revenue recognition based on the point at which control transfers to the customer. It stated that the impact on profit or loss was immaterial and that there was no impact on the opening balance of retained earnings.