Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
28 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first quarter of the consolidated accounting period. 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.」
The company continues to disclose its accounting policy of applying the revenue recognition standards and related requirements from the beginning of the fiscal period, and describes the impact on the financial statements as immaterial. - FY2022-Q2RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards from the beginning of the current interim consolidated accounting period. 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.」
The company continues to disclose its accounting policy of applying the revenue recognition standards and related requirements from the beginning of the current interim consolidated accounting period. - FY2022-Q1First statedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related standards 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.」
The company applied the revenue recognition standards and related requirements from the beginning of the current first quarter consolidated accounting period and, for the first time, described its accounting policy of recognizing revenue when control of goods or services transfers to customers. The impact on the financial statements is described as immaterial.