Impact of Adopting the Revenue Recognition Accounting Standard on Revenue Presentation and Profit
First written in FY2022-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
16 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The company continues to apply the revenue recognition standard, with full-year revenue presentation and expense recognition based on the standard. - FY2022AdvancedAnnual report
「The impact of adopting the revenue recognition standard and related standards on the consolidated statement of income for the fiscal year was a ¥32,660 million decrease in net sales, a ¥22,931 million decrease in cost of sales and a ¥9,696 million decrease in selling, general and administrative expenses. Operating profit, ordinary profit and profit before income taxes each decreased by ¥33 million.」
The company specifically disclosed the full-year impact of the revenue recognition standard on net sales, expenses and profit. - FY2022-Q2AdvancedAnnual report
「The impact of adopting the revenue recognition standard and related standards on the consolidated statement of income for the cumulative second quarter was a ¥15,671 million decrease in net sales and a ¥465 million decrease each in operating profit and ordinary profit.」
The company specifically disclosed that, for the cumulative second quarter, adoption of the revenue recognition standard and related standards reduced net sales by ¥15,671 million and operating profit and ordinary profit by ¥465 million each. - FY2022-Q1First statedAnnual report
「We have 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 current first-quarter consolidated accounting period.」
The company adopted the revenue recognition standard and related standards from 1 April 2021 and changed its accounting treatment for transactions involving the provision of goods for consideration, sales commissions and promotional contributions, and sales rebates. It disclosed that adoption reduced net sales by ¥7,613 million and operating profit and ordinary profit by ¥486 million.