Changes in Revenue Recognition Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company and its consolidated subsidiaries recognize revenue from goods and services when the goods are delivered to customers and when the services are provided. For sales of goods and provision of services that the Company and its consolidated subsidiaries determine involve acting as agents, revenue is recognized on a net basis, after deducting payments to suppliers from the total consideration received from customers.」
The application of the revenue recognition accounting standard and net presentation of agent transactions have been continued in the annual financial statements. - FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The application of the revenue recognition accounting standard, net presentation of agent transactions and recognition of revenue from transactions accompanying sales agency agreements have been continued in the annual financial statements. - FY2022-Q3RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current fiscal year and recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The revenue recognition accounting standard applied from the first quarter and net presentation for agent transactions under sales agency agreements have also been continued through the third quarter. Comparative figures for the same period of the previous year are presented using the retrospectively applied method. - FY2022-Q2RestatedAnnual report
「This change in accounting policy is generally applied retrospectively, and the comparative quarterly consolidated financial statements for the six months ended the second quarter of the previous fiscal year and the consolidated financial statements for the previous fiscal year reflect retrospective application. As a result, compared with before retrospective application, revenue for the six months ended the second quarter of the previous fiscal year decreases by ¥663.894 million, cost of sales decreases by ¥674.797 million, and operating loss decreases by ¥10.903 million, while ordinary loss and loss before income taxes for the quarter remain unchanged.」
The revenue recognition accounting standard applied from the first quarter and the net presentation of sales agency transactions have been continued, and the impact of retrospective application on revenue, cost of sales and operating loss for the same quarter of the previous year has been disclosed. - FY2022-Q1First statedAnnual report
「The "Accounting Standard for Revenue Recognition" and other standards have been applied from the beginning of the first quarter of the current fiscal year, and revenue is recognized at the point 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. Accordingly, for transactions under sales agency agreements, revenue was previously recognized at the gross amount of consideration received from customers, but for transactions in which the Group acts as an agent in providing goods or services to customers, the method has been changed to recognize revenue on a net basis, after deducting the amount paid to suppliers from the amount received from customers.」
The revenue recognition accounting standard and related standards were applied from the beginning of the first quarter of the current fiscal year, and agent transactions under sales agency agreements were changed from gross to net presentation. Compared with before retrospective application, revenue for the first quarter of the previous fiscal year decreased by ¥217.769 million, cost of sales decreased by ¥222.925 million, and operating loss decreased by ¥5.155 million.