Application of Topic 606 at Subsidiaries Applying U.S. GAAP
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
9 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「As a result, retained earnings at the beginning of the current third-quarter consolidated accounting period decreased by ¥4,948 million. Compared with the application of the previous accounting standards, profit before income taxes for the cumulative third-quarter consolidated period increased by ¥2,004 million.」
The application of Topic 606 by a subsidiary applying US GAAP continued, and the impact on retained earnings at the beginning of the period and cumulative third-quarter profit before income taxes was updated and disclosed. - FY2020-Q2RestatedAnnual report
「As a result, retained earnings at the beginning of the current second-quarter consolidated accounting period decreased by ¥4,948 million. Compared with the application of the previous accounting standards, profit before income taxes for the cumulative second-quarter consolidated period increased by ¥2,912 million.」
The application of Topic 606 by a subsidiary applying US GAAP continued, and the impact on retained earnings at the beginning of the period and quarterly profit before income taxes was updated and disclosed. - FY2020-Q1First statedAnnual report
「The consolidated subsidiaries applying US GAAP have applied Topic 606, "Revenue from Contracts with Customers," from the beginning of the current first-quarter consolidated accounting period. As a result, retained earnings at the beginning of the current first-quarter consolidated accounting period decreased by ¥4,948 million. Compared with the application of the previous accounting standards, profit before income taxes for the cumulative first-quarter consolidated period increased by ¥3,890 million.」
A subsidiary applying US GAAP began applying Topic 606 in the first quarter and disclosed its impact on retained earnings at the beginning of the period and quarterly profit before income taxes.