Revenue Recognition upon Adoption of IFRS 15
First written in FY2019-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Other".
- FY2022Application of revenue recognition standards to separate financial statementsAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current fiscal year and recognize revenue as described in “5. Accounting Information, 2. Financial Statements, (1) Financial Statements, Notes to Financial Statements (Significant Accounting Policies), 8. Revenue Recognition.”」
In addition to IFRS 15 in the consolidated financial statements, applied the revenue recognition accounting standard and related standards to the separate financial statements from the beginning of the current fiscal year. - FY2019RestatedAnnual report
「Beginning with the current consolidated fiscal year, our group has applied IFRS 15, “Revenue from Contracts with Customers,” and “Clarifications to IFRS 15.” In applying IFRS 15, we have adopted the method of recognizing the cumulative effect of applying the standard at the date of initial application.」
Confirmed in the annual financial statements the application of IFRS 15 and the method of recognizing the cumulative effect at the date of initial application. - FY2019-Q2RestatedAnnual report
「Beginning with the first quarter of the consolidated fiscal year, our group has applied IFRS 15, “Revenue from Contracts with Customers” (issued in May 2014), and “Clarifications to IFRS 15” (issued in April 2016), collectively referred to below as “IFRS 15.” In applying IFRS 15, we have adopted the method of recognizing the cumulative effect of applying the standard at the date of initial application. Revenue is measured and recognized based on the following five-step approach.」
Continued applying IFRS 15, the method of recognizing the cumulative effect at the date of initial application, and the five-step approach to revenue recognition. - FY2019-Q1First statedAnnual report
「Beginning with the first quarter of the current consolidated fiscal year, our group has applied IFRS 15, “Revenue from Contracts with Customers” (issued in May 2014), and “Clarifications to IFRS 15” (issued in April 2016), collectively referred to below as “IFRS 15.” In applying IFRS 15, we have adopted the method of recognizing the cumulative effect of applying the standard at the date of initial application. Revenue is measured and recognized based on the following five-step approach: Step 1: Identify the contract with a customer; Step 2: Identify the performance obligations in the contract; Step 3: Determine the transaction price; Step 4: Allocate the transaction price to the performance obligations in the contract; Step 5: Recognize revenue when, or as, the entity satisfies a performance obligation.」
Applied IFRS 15 from the first quarter of fiscal 2018, adopting the method of recognizing the cumulative effect at the date of initial application and the five-step approach to revenue recognition. The impact was considered immaterial.