Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 1 of 3 entries say "Restated". Latest entry: FY2022.
4 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, compared with the previous method, operating revenue for the current consolidated fiscal year decreased by ¥38.223 million, operating expenses decreased by ¥73.834 million, and operating profit, ordinary profit and profit before income taxes increased by ¥35.610 million, respectively.」
The application of the revenue recognition accounting standard was reflected for the full year, and its quantitative effects on operating revenue, operating expenses and other items were disclosed. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized 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 company continues to disclose its policy of applying the revenue recognition accounting standard and related standards from 1 April 2021. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize revenue 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 company applied the revenue recognition accounting standard and related standards from 1 April 2021, changing the method of recognising revenue from electricity retail transactions and the presentation of amounts collected on behalf of third parties. As a result of the application, operating revenue for the quarter decreased by ¥9.326 million.