Application of Revenue Recognition Standard ASC 606 by U.S. Subsidiaries
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
「At the company's US consolidated subsidiaries that apply US GAAP, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASC 606), issued by the Financial Accounting Standards Board, has been applied from the first quarter. In accordance with the transition provisions of the standard, the cumulative effect as of the beginning of the first quarter was adjusted through retained earnings. As a result, retained earnings at the beginning of the first quarter increased by ¥109 million. The impact on profit or loss for the third-quarter cumulative period was immaterial.」
The application of ASC 606 at the US subsidiary from the first quarter, the ¥109 million increase in retained earnings at the beginning of the period, and the immaterial impact on profit or loss for the third-quarter cumulative period are reaffirmed. - FY2020-Q2RestatedAnnual report
「At the company's US consolidated subsidiaries that apply US GAAP, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASC 606), issued by the Financial Accounting Standards Board, has been applied from the first quarter. In accordance with the transition provisions of the standard, the cumulative effect as of the beginning of the first quarter was adjusted through retained earnings. As a result, retained earnings at the beginning of the first quarter increased by ¥109 million. The impact on profit or loss for the second-quarter cumulative period was immaterial.」
The application of ASC 606 at the US subsidiary from the first quarter, the ¥109 million increase in retained earnings at the beginning of the period, and the immaterial impact on profit or loss for the second-quarter cumulative period are reiterated. - FY2020-Q1First statedAnnual report
「At the company's US consolidated subsidiaries that apply US GAAP, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASC 606), issued by the Financial Accounting Standards Board, has been applied from the first quarter of the current fiscal year. In accordance with the transition provisions of the standard, the cumulative effect as of the beginning of the first quarter of the current fiscal year was adjusted through retained earnings. As a result, retained earnings at the beginning of the first quarter increased by ¥109 million. The impact on profit or loss for the first-quarter cumulative period was immaterial.」
The US consolidated subsidiary applied ASC 606 from the first quarter, increasing retained earnings at the beginning of the period by ¥109 million. The impact on quarterly profit or loss is stated to be immaterial.