Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company 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 consolidated fiscal year, and began recognizing revenue at the point when 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. As a result, there was no impact on the consolidated financial statements for the current consolidated fiscal year.」
The company reconfirmed its policy of applying the Revenue Recognition Accounting Standard from the beginning of the current fiscal year and recognizing revenue when control is transferred, as well as the absence of any impact on the financial statements. - FY2022-Q3RestatedAnnual report
「The company 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 first quarter consolidated accounting period, and began recognizing revenue at the point when 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. As a result, there was no impact on the quarterly consolidated financial statements for the current third quarter cumulative period.」
The company continued to apply the Revenue Recognition Accounting Standard adopted from the first quarter and its policy of recognizing revenue when control is transferred, and stated that there was no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「The company 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 first quarter consolidated accounting period, and began recognizing revenue at the point when 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. As a result, there was no impact on the quarterly consolidated financial statements for the current second quarter cumulative period.」
The company continued to apply the Revenue Recognition Accounting Standard adopted from the first quarter and its policy of recognizing revenue when control is transferred, and stated that there was no impact on the financial statements for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the current first quarter consolidated accounting period, and began recognizing revenue at the point when 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. As a result, there was no impact on the quarterly consolidated financial statements for the current first quarter consolidated accounting period.」
The company applied the revenue recognition accounting standards and other standards from the beginning of the current first quarter consolidated accounting period, transitioning to a policy of recognizing revenue when control is transferred to the customer. It stated that there was no impact on the financial statements.