Adoption of the Revenue Recognition Standard and Net Presentation of Agent Transactions
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with before applying the revenue recognition accounting standard and other standards, revenue for the current consolidated fiscal year decreased by ¥61,966 million, cost of sales decreased by ¥61,906 million, and selling, general and administrative expenses decreased by ¥59 million. Operating profit, ordinary profit and loss before income taxes and other adjustments were unaffected.」
Continued the net presentation of agent transactions under the revenue recognition accounting standard in the annual results, disclosing that revenue decreased by ¥61,966 million with no impact on profit. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, revenue decreased by ¥44,810 million, cost of sales decreased by ¥44,770 million, and selling, general and administrative expenses decreased by ¥40 million. Operating profit, ordinary profit and loss before income taxes and other adjustments were unaffected.」
Continues to apply the revenue recognition accounting standard, disclosing a ¥44,810 million reduction in revenue for the cumulative third quarter, with no impact on operating profit or other profit figures. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, revenue decreased by ¥36,919 million, cost of sales decreased by ¥36,895 million, and selling, general and administrative expenses decreased by ¥24 million. Operating profit, ordinary profit and loss before income taxes and other adjustments were unaffected.」
Continues to apply the revenue recognition accounting standard, disclosing a ¥36,919 million reduction in revenue for the cumulative second quarter, with no impact on profit. - FY2022-Q1First statedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” and other standards from the beginning of the first quarter of the current consolidated fiscal year, and recognised revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services was transferred to the customer. When the performance obligation was to arrange for goods or services to be provided by another party, the Company presented revenue as an agent in the consolidated income statement at the amount of the commission or fee, or the net amount of consideration.」
Applied the revenue recognition accounting standard from 1 April 2021 and changed agent transactions to net presentation. As a result, first-quarter revenue decreased by ¥12,253 million, but operating profit, ordinary profit and profit before income taxes and other adjustments were unaffected.