Changes in Revenue Recognition Methods Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
8 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「Because the revenue recognition accounting standard and related standards were applied, “Notes and accounts receivable—trade,” previously presented under “Current assets” in the consolidated balance sheet for the previous consolidated fiscal year, has been presented as part of “Notes and accounts receivable—trade and contract assets” from the first quarter consolidated accounting period.」
The company continues to disclose changes in presentation and recognition methods resulting from the application of the Accounting Standard for Revenue Recognition from the first quarter, stating that the impact on profit and loss for the cumulative current quarter was immaterial and that there was no impact on retained earnings at the beginning of the period. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition was applied from the beginning of the current quarter, and the methods for determining whether the Company acts as principal or agent in certain licenses for video content and product sales in the lifestyle business, as well as the method of recognizing revenue from delivery services, were changed. The impact on profit and loss was immaterial, and there was no impact on retained earnings at the beginning of the period.