Change in recognition of licence revenue following adoption of the revenue recognition standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022.
9 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized 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 confirmed the application of the revenue recognition standard for the full fiscal year and considered its impact on the consolidated financial statements immaterial. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards 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 company adopted the revenue recognition standard and related standards from the beginning of the quarter. For non-refundable contractual fees related to licence grants, it changed its method of revenue recognition so that the right to access intellectual property is recognised over a specified period, while the right to use intellectual property is recognised at a point in time. The impact on the quarterly consolidated financial statements was considered immaterial.