Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「As a result, ordinary income and ordinary expenses for the current interim consolidated accounting period decreased by ¥905 million. There was no impact on the opening balance of retained earnings for the current fiscal year.」
The company continues to apply the revenue recognition standard and has disclosed an impact of ¥905 million on ordinary income and ordinary expenses for the current interim consolidated accounting period. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, revenue from certain transactions is presented net of the related expenses. Accordingly, ordinary income and ordinary expenses for the cumulative first quarter of the current consolidated fiscal year decreased by ¥280 million.」
The revenue recognition standard was applied from the beginning of the quarter, changing the timing of revenue recognition and the presentation method. Ordinary income and ordinary expenses decreased by ¥280 million, with no impact on the opening balance of retained earnings.