Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Restated".
- 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 reconfirms in the current third quarter, as an accounting policy, that it has applied the revenue recognition accounting standards and other relevant standards from the beginning of the first-quarter consolidated accounting period. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the fiscal year 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 revenue recognition accounting standards and other relevant standards from the beginning of the current first-quarter consolidated accounting period, changing the method used in the power retail business to estimate and record revenue from the meter-reading date through the settlement date. The impact on the quarterly consolidated financial statements was described as immaterial.