Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
35 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal period decreased by ¥1,562 million, and selling, general and administrative expenses decreased by ¥1,562 million.」
The impact of applying the Accounting Standard for Revenue Recognition, under which sales commissions and other costs were deducted from net sales, was shown for the cumulative third quarter as a ¥1,562 million decrease in both net sales and selling, general and administrative expenses. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal period decreased by ¥987 million, and selling, general and administrative expenses decreased by ¥987 million.」
The impact of applying the Accounting Standard for Revenue Recognition, under which sales commissions and other costs were deducted from net sales, was specifically shown for the cumulative second quarter as a ¥987 million decrease in both net sales and selling, general and administrative expenses. - FY2022-Q1First statedAnnual report
「We 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 first quarter of the current consolidated fiscal period. 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. As a result, sales commissions and other costs previously recorded in selling, general and administrative expenses are deducted from net sales.」
The company first disclosed the change in accounting policy, effective 1 April 2021, under which the Accounting Standard for Revenue Recognition and other standards were applied and sales commissions and other costs were deducted from net sales.