Adoption of the revenue recognition accounting standard and changes in the presentation of renewable-energy-related transactions
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards (collectively, the “Revenue Recognition Accounting Standard”) were applied from the beginning of the first quarter of the fiscal year under review. Revenue is now 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 Revenue Recognition Accounting Standard applied from the first quarter has continued to be applied for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards were applied from the beginning of the first quarter of the fiscal year under review. Revenue is now 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 Revenue Recognition Accounting Standard applied from the first quarter has continued to be applied in the second quarter, and the amounts of its impact on operating revenue and other items for the cumulative period have been disclosed. - FY2022-Q1First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards (collectively, the “Revenue Recognition Accounting Standard”) were applied from the beginning of the first quarter of the fiscal year under review. Revenue is now 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 Revenue Recognition Accounting Standard and related standards were applied from the first quarter. As a result of changing the presentation to exclude renewable energy surcharge and grant income from operating revenue and not recognize the corresponding expenses, operating revenue decreased by ¥185,797 million, operating expenses decreased by ¥186,009 million, operating profit increased by ¥212 million and ordinary profit and other items increased by ¥198 million compared with the previous method.