Change in revenue presentation due to the adoption of the Revenue Recognition Accounting Standard and related standards
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
16 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company has applied the revenue recognition accounting standard and related standards from the beginning of the first quarter accounting period. As a result, net sales decreased by ¥845 million, cost of sales by ¥1,241 million, operating revenue by ¥709 million, and total selling, general and administrative expenses by ¥313 million, but there was no impact on operating profit, ordinary profit or quarterly net profit before taxes.」
The Company continues to apply the revenue recognition accounting standard and related standards. Although the reported amounts of net sales, cost of sales, operating revenue and selling, general and administrative expenses decreased, there was no impact on operating profit, ordinary profit or quarterly net profit before taxes. - FY2023-Q2RestatedAnnual report
「The Company has applied the revenue recognition accounting standard and related standards from the beginning of the first quarter accounting period. As a result, net sales decreased by ¥564 million, cost of sales by ¥822 million, operating revenue by ¥466 million, and total selling, general and administrative expenses by ¥207 million, but there was no impact on operating profit, ordinary profit or quarterly net loss before taxes.」
The Company continues to apply the revenue recognition accounting standard and related standards. Although the reported amounts of net sales, cost of sales, operating revenue and selling, general and administrative expenses changed, there was no impact on operating profit, ordinary profit or quarterly net loss before taxes. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current fiscal year, and recognize revenue 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.」
The Company changed its revenue recognition methods for agency transactions, other companies’ points programs and transportation revenue. As a result, net sales decreased by ¥276.524 million, cost of sales by ¥404.212 million, operating revenue by ¥226.712 million, and selling, general and administrative expenses by ¥99.024 million, but there was no impact on operating profit, ordinary profit or profit before taxes for the quarter.