Application of Revenue Recognition and Lease Accounting Standards
First written in FY2020-Q1. 6 of 8 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For sales of these products, we primarily recognize revenue when the products are delivered, as we have determined that the customer obtains control of the products and the performance obligation is satisfied at the time of delivery.」
Under the revenue recognition accounting standard, revenue is recognized when products are delivered, and transactions conducted as an agent continue to be recognized on a net basis. - FY2023RestatedAnnual report
「For sales of these products, we primarily recognize revenue when the products are delivered, as we have determined that the customer obtains control of the products and the performance obligation is satisfied at the time of delivery.」
Under the revenue recognition accounting standard, revenue is recognized when products are delivered, and transactions conducted as an agent continue to be recognized on a net basis. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards have been applied from the beginning of the first quarter of the current fiscal year. 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 is transferred to the customer.」
Accounting treatment continues to be based on the revenue recognition accounting standard applied from the first quarter. Transactions in which the company acts as an agent have been changed to net presentation, and the change has also been applied retrospectively to comparative information. - FY2022-Q2RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year. 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.」
Revenue recognition continues to be based on the revenue recognition accounting standard applied from the first quarter. Transactions conducted as an agent have been changed to net presentation, and the change has also been applied retrospectively to net sales and other figures for the same period of the previous year. - FY2022-Q1AdvancedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year. 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. Accordingly, for transactions in which the group's role in providing goods to customers qualifies as an agent, revenue is now recognized on a net basis, after deducting the amount paid to the supplier from the amount received from the customer, whereas it was previously recognized on a gross basis as the total consideration received from the customer.」
The company applied the revenue recognition accounting standard from the beginning of the current quarter and changed transactions qualifying as agency arrangements from gross presentation to net presentation. - FY2020-Q3RestatedAnnual report
「An equity-method investee has applied ASC 606, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year. Accordingly, revenue is recognized at an amount reflecting the consideration expected to be received in exchange for the promised goods or services when they are transferred to the customer.」
The company has continued to disclose the application of ASC 606 and IFRS 16 from the first quarter, stating that their impact on the quarterly consolidated financial statements is immaterial. - FY2020-Q2RestatedAnnual report
「An equity-method investee has applied ASC 606, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year. Accordingly, revenue is recognized at an amount reflecting the consideration expected to be received in exchange for the promised goods or services when they are transferred to the customer.」
The company has continued to disclose the application of ASC 606 and IFRS 16 from the first quarter, stating that their impact on the quarterly consolidated financial statements is immaterial. - FY2020-Q1First statedAnnual report
「An equity-method investee has applied ASC 606, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year. Accordingly, revenue is recognized at an amount reflecting the consideration expected to be received in exchange for the promised goods or services when they are transferred to the customer. Foreign consolidated subsidiaries have applied IFRS 16, “Leases,” from the first quarter of the current consolidated fiscal year.」
An equity-method investee applied ASC 606, and foreign consolidated subsidiaries applied IFRS 16, from the first quarter of the current consolidated fiscal year. Both were described as having an immaterial impact on the financial statements.