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Willtec (7087) · PolicyRestated

Adoption of the Revenue Recognition Accounting Standard

First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.

3entries
2years
0from disclosures
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ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY20222021: 220212022: 12022
Same theme, other companies
Changes in revenue recognition methods and presentation following adoption of the Revenue Recognition Accounting StandardA theme 126 companies write about · 17 as a headwind · 6 as a tailwind

The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.

94 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 126 companies compared. The sentences above are computed from all 126.
Full recordFilings, disclosures and news, newest first
  1. FY2022RestatedAnnual report

    「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the current consolidated fiscal year. The Company 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. The impact on the consolidated financial statements for the current consolidated fiscal year was immaterial.」

    The Company confirmed the full-year application of the Revenue Recognition Accounting Standard and that the impact on the financial statements was immaterial.
  2. FY2022-Q2RestatedAnnual report

    「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the consolidated accounting period. The Company 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. The impact on the quarterly consolidated financial statements for the cumulative second quarter of the current period was immaterial.」

    The Company reconfirmed its policy of applying the Revenue Recognition Accounting Standard from the beginning of the first quarter of the consolidated accounting period and that the impact on the financial statements was immaterial.
  3. FY2022-Q1First statedAnnual report

    「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current consolidated accounting period. The Company 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. The impact on the quarterly consolidated financial statements for the cumulative first quarter of the current period was immaterial.」

    The Revenue Recognition Accounting Standard and other standards were applied from the beginning of the first quarter of the current consolidated accounting period, and the Company shifted to an accounting policy of recognizing revenue when control is transferred to the customer. The impact on the financial statements was described as immaterial.
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Adoption of the Revenue Recognition Accounting Standard | WILLTEC Co.,Ltd. (7087) | Komori