Application of the Revenue Recognition Accounting Standard and Net Presentation of “Other Job Advertising”
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
50 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales decreased by ¥19.311 million and cost of sales decreased by ¥19.311 million for the cumulative third quarter. There was no impact on operating loss, ordinary loss, net loss before income taxes for the quarter or the opening balance of retained earnings.」
The company continued to apply the Revenue Recognition Standard, and the change to net presentation of “Other job advertisements” reduced net sales and cost of sales by ¥19.311 million for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, net sales decreased by ¥12.436 million and cost of sales decreased by ¥12.436 million for the cumulative second quarter. There was no impact on operating loss, ordinary loss, net loss before income taxes for the quarter or the opening balance of retained earnings.」
The company continued to apply the Revenue Recognition Standard and reported ¥12.436 million decreases in net sales and cost of sales resulting from the change to net presentation of “Other job advertisements.” - 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 Standard”) and other standards from the beginning of the first quarter accounting 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. Accordingly, revenue from “Other job advertisements,” which was previously recognized on a gross basis, is now recognized on a net basis after deducting the amounts paid to suppliers, following an assessment of whether the company acts as a principal or an agent in providing goods or services to customers.」
The company applied the Revenue Recognition Standard from the beginning of the first quarter accounting period and changed the presentation of revenue from “Other job advertisements” from gross to net after deducting payments to suppliers.