Application of the Accounting Standard for Revenue Recognition
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
7 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter increased by ¥1.288 million, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥1.288 million. There was no impact on the beginning balance of retained earnings carried forward.」
The company shows that the application of the revenue recognition accounting standard from the beginning of the first quarter accounting period increased net sales, operating income, ordinary income and profit before income taxes for the quarter by ¥1.288 million each during the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter increased by ¥1.288 million, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥1.288 million. There was no impact on the beginning balance of retained earnings carried forward.」
The company shows that the application of the revenue recognition accounting standard from the beginning of the first quarter accounting period increased net sales and profit by ¥1.288 million each during the cumulative second quarter. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter accounting period. Accordingly, key management indicators for the cumulative first quarter reflect application of these accounting standards.」
The company applied the accounting standards for revenue recognition and other related standards, which had been scheduled for application from the beginning of the fiscal year ending January 2023, from the beginning of the first quarter accounting period. As a result, net sales and other items increased by ¥1.288 million, and advances received are presented as contract liabilities. - FY2022First statedAnnual report
「The company plans to apply it from the beginning of the fiscal year ending January 2023.」
The company plans to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending January 2023, and explains that the impact on the financial statements will be immaterial.