Adoption of Revenue Recognition Accounting Standards
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
16 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The Company 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. 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 Revenue Recognition Standard and related standards continue to be applied, with no impact on profit or loss, while notes and accounts receivable have been presented to include contract assets. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated 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 is transferred to the customer. The application of the Revenue Recognition Standard and related standards had no impact on profit or loss.」
It states that the Revenue Recognition Standard and related standards have been applied from the first quarter beginning 1 September 2021, changing the timing of revenue recognition and presentation, with no impact on profit or loss.