Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
102 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, the impact on net sales and selling, general and administrative expenses for the first nine months of the consolidated fiscal year was immaterial. There was no impact on operating income, ordinary income, quarterly net income before income taxes and other adjustments, or the opening balance of retained earnings for the current period.」
Regarding the accounting standards for revenue recognition and related standards applied from the first quarter, the disclosure states that their impact on net sales and selling, general and administrative expenses remained immaterial in the third quarter, with no impact on profit or other items. - FY2022-Q2RestatedAnnual report
「As a result, the impact on net sales and selling, general and administrative expenses for the first six months of the consolidated fiscal year was immaterial. There was no impact on operating income, ordinary income, quarterly net income before income taxes and other adjustments, or the opening balance of retained earnings for the current period.」
Regarding the accounting standards for revenue recognition and related standards applied from the first quarter, the disclosure states that their impact on performance and retained earnings was immaterial or nonexistent in the second quarter. - FY2022-Q1First statedAnnual report
「The Group applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter under review. Revenue is recognized 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 accounting standards for revenue recognition and related standards from the first quarter beginning 1 April 2021, introducing an accounting policy under which revenue is recognized when control transfers to the customer. The disclosure states that the impact on net sales and selling, general and administrative expenses was immaterial.