Changes in the presentation of revenue and expenses due to the adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the current fiscal year, and comparisons and analyses with the previous fiscal year are based on figures after retrospective application of these standards.」
The application of the revenue recognition accounting standard and comparisons using figures after retrospective application have continued for the full fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, compared with before retrospective application, net sales for the cumulative third quarter of the previous fiscal year decreased by ¥737,632 thousand and selling, general and administrative expenses decreased by ¥737,632 thousand, while operating loss, ordinary loss and net loss before income taxes for the quarter remained unchanged.」
The application of the revenue recognition accounting standard was disclosed in detail, showing that net sales and selling, general and administrative expenses for the cumulative third quarter of the previous fiscal year each decreased by ¥737,632 thousand, while profit at each stage was unaffected. - FY2022-Q2AdvancedAnnual report
「As a result, compared with before retrospective application, net sales for the cumulative second quarter of the previous fiscal year decreased by ¥409,340 thousand and selling, general and administrative expenses decreased by ¥409,340 thousand, while operating loss, ordinary loss and net loss before income taxes for the quarter remained unchanged.」
The application of the revenue recognition accounting standard was disclosed in detail, showing that net sales and selling, general and administrative expenses for the cumulative second quarter of the previous fiscal year each decreased by ¥409,340 thousand, while profit at each stage was unaffected. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 31 March 2020) were applied from the beginning of the first quarter of the current 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. As a result, a portion of cooperative contributions and other amounts previously recorded under selling, general and administrative expenses has been deducted from net sales.」
The revenue recognition accounting standard and related guidance were applied from the beginning of the first quarter of the current fiscal year, changing the timing of revenue recognition and the presentation of cooperative contributions and other amounts. Comparative information uses figures after retrospective application.