Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by our Group during the cumulative first quarter.」
No new changes regarding the application of the revenue recognition accounting standard were disclosed, and the existing accounting policy continues to apply. - FY2022-Q3RestatedAnnual report
「The impact of applying the revenue recognition accounting standard and related standards on the quarterly consolidated financial statements is immaterial.」
The revenue recognition accounting standard applied from FY2022-Q1 continues to be applied, and its impact on the third-quarter consolidated financial statements is also considered immaterial. - FY2022-Q2RestatedAnnual report
「The Company applies the revenue recognition accounting standard and related standards in accordance with the transitional treatment prescribed in the proviso to Paragraph 84 of the revenue recognition accounting standard. The cumulative effect of retrospectively applying the new accounting policy before the beginning of the first quarter of the consolidated fiscal year was added to or deducted from retained earnings at the beginning of the first quarter, and the new accounting policy has been applied from that opening balance. The impact of applying the revenue recognition accounting standard and related standards on the quarterly consolidated financial statements is immaterial.」
The revenue recognition accounting standard applied from the first quarter continues to be applied, and its impact on the second-quarter consolidated financial statements is considered immaterial. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were 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 transfers to the customer.」
From FY2022-Q1, the Company applied the revenue recognition accounting standard and related standards, changing the timing of revenue recognition, including export sales, to the point when control transfers based on trade terms and other conditions. The impact on the quarterly consolidated financial statements was considered immaterial.