Changes in the recognition of revenue and expenses resulting from the application of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
21 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, revenue, cost of sales, and selling, general and administrative expenses for the current consolidated fiscal year decreased by ¥1,810.148 million, ¥985.647 million and ¥821.128 million, respectively, but the impact on operating profit, ordinary profit and profit before income taxes was immaterial.」
The company continued applying the Revenue Recognition Accounting Standard for the full fiscal year. Reported revenue and other amounts decreased, but the impact on operating profit, ordinary profit and other measures was immaterial. - FY2022-Q3RestatedAnnual report
「As a result, revenue, cost of sales, and selling, general and administrative expenses for the cumulative third-quarter consolidated period decreased by ¥1,413.601 million, ¥808.699 million and ¥605.700 million, respectively, but the impact on operating profit, ordinary profit and quarterly profit before income taxes was immaterial. The opening balance of retained earnings also decreased by ¥16.175 million.」
The company continued applying the Revenue Recognition Accounting Standard. Reported revenue and other amounts decreased cumulatively, but the impact on operating profit and other measures was immaterial. - FY2022-Q2RestatedAnnual report
「As a result, revenue, cost of sales, and selling, general and administrative expenses for the cumulative second-quarter consolidated period decreased by ¥934.712 million, ¥542.008 million and ¥393.681 million, respectively, but the impact on operating profit, ordinary profit and quarterly profit before income taxes was immaterial. The opening balance of retained earnings also decreased by ¥16.175 million.」
The company states that application of the Revenue Recognition Accounting Standard reduced reported revenue and other amounts for the cumulative second-quarter period, but had an immaterial impact on operating profit, ordinary profit and other measures. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognised when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, revenue, cost of sales, and selling, general and administrative expenses for the cumulative first-quarter consolidated period decreased by ¥604.403 million, ¥428.364 million and ¥176.245 million, respectively, but the impact on operating profit, ordinary profit and quarterly profit before income taxes was immaterial.」
The company applied the Revenue Recognition Accounting Standard from the beginning of the fiscal year on 1 April 2021, changing its treatment of sales rebates and other items and its method of recognising revenue from transactions involving the provision of materials for consideration. Reported revenue and other amounts decreased, but the impact on operating profit and other measures was immaterial.