Change in Revenue Recognition Method Following Application of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
40 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥1,444 million, while operating profit, ordinary profit and profit before income taxes decreased by ¥0 million each.」
The company continued applying the revenue recognition accounting standard and disclosed that, for the fiscal year, net sales decreased by ¥1,444 million, with no impact on profit at ¥0 million. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥673 million, while operating profit, ordinary profit and profit before income taxes increased by ¥33 million each.」
The company continued applying the revenue recognition accounting standards and disclosed that, for the cumulative third quarter, net sales decreased by ¥673 million while operating profit and other profit figures increased by ¥33 million each. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥643 million, while operating profit, ordinary profit and profit before income taxes decreased by ¥5 million each.」
The company continued applying the revenue recognition accounting standard and disclosed that, for the cumulative second quarter, net sales decreased by ¥643 million and operating profit and other profit figures decreased by ¥5 million. - FY2022-Q1First statedAnnual report
「The company adopted the Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition from the beginning of the first quarter of the current fiscal year, and now recognizes revenue based on the 5-step approach below when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company adopted the revenue recognition accounting standard from the beginning of the fiscal year and changed the timing of recognition for sales of goods, the treatment of rebates and the treatment of transactions involving the paid provision of raw materials. As a result of the adoption, first-quarter net sales decreased by ¥217 million and operating profit and other profit figures decreased by ¥4 million.