Adoption of the revenue recognition accounting standard and changes in the timing of revenue recognition
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the current consolidated fiscal year. 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.」
We stated that the revenue recognition accounting standard was also applied for the full fiscal year, with no impact on profit or loss for the current consolidated fiscal year or opening retained earnings. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and recognizes revenue 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.」
We adopted the revenue recognition accounting standard from the beginning of the first quarter of the current consolidated fiscal year. The policy provides for revenue from structural calculations to be recognized upon delivery or, in certain cases, upon shipment, and revenue from structural components to be recognized upon delivery. The adoption had no impact on first-quarter profit or loss or opening retained earnings.