Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company continues to apply in the second quarter the revenue recognition method based on the revenue recognition accounting standards adopted from the beginning of the first-quarter consolidated accounting period. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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 the beginning of the current first-quarter consolidated accounting period, the company applied the revenue recognition accounting standards and changed to a method of recognizing revenue when control is transferred to the customer. It stated that there was no impact on the opening balance of retained earnings or on profit or loss for the first quarter.