Changes in Revenue Recognition and Presentation Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q2. 1 of 3 entries say "Restated". Latest entry: FY2023-Q3.
24 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first-quarter consolidated accounting period and decided to apply the new accounting policies prescribed by the guidance prospectively. There was no impact on the quarterly consolidated financial statements.」
The Company reconfirmed the adoption of the Implementation Guidance on Accounting Standard for Fair Value Measurement and that it had no impact on the quarterly consolidated financial statements. - FY2022-Q3Update to the Impact of Applying the Accounting StandardAnnual report
「As a result, compared with the previous accounting treatment, for the nine-month period ended in the current third quarter, sales decreased by ¥121.576 million, cost of sales by ¥66.915 million, selling, general and administrative expenses by ¥16.931 million, and operating income, ordinary income and profit before income taxes for the quarter by ¥37.729 million each.」
The cumulative impact of applying the Revenue Recognition Standard was updated, with sales decreasing by ¥121.576 million and operating income, ordinary income and other items decreasing by ¥37.729 million. - FY2022-Q2First statedAnnual report
「The Company adopted 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 consolidated 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.」
The Company adopted the Revenue Recognition Standard and other standards from the first quarter beginning on 1 April 2021, changing the identification of performance obligations under contract services, the net presentation of transactions as an agent, and the method of recognizing sales from the use of points in e-commerce. As a result, sales for the six months ended in the current second quarter decreased by ¥104.976 million, and operating income and other items decreased by ¥34.703 million.