Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
91 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Company has applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the time control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, for performance obligations satisfied over a period of time, the Company estimates the progress toward satisfaction of the performance obligation and recognizes revenue over the period based on that progress.」
The Company has continued its revenue recognition policy based on the Revenue Recognition Standard applied from the first quarter. It explained that the impact was immaterial. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 changed its policy from the beginning of the first quarter of the current consolidated fiscal year by applying the revenue recognition standard and related standards and recognizing revenue based on the progress of performance obligations satisfied over time. It explained that the impact on profit and loss and retained earnings at the beginning of the period was immaterial.