Application of the accounting standard for revenue recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「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 accounting treatment based on the Revenue Recognition Accounting Standard continued. - FY2022RestatedAnnual report
「The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 26 March 2021) (collectively, the “Revenue Recognition Accounting Standards, etc.”) from the beginning of the current consolidated fiscal year. 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.」
Application of the Revenue Recognition Accounting Standards, etc. continued for the full fiscal year, and the impact on net sales and other items was presented. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥9,206 thousand, selling, general and administrative expenses decreased by ¥6,923 thousand, and operating loss, ordinary loss and quarterly net loss before income taxes and other adjustments each increased by ¥2,283 thousand.」
The impact of applying the Revenue Recognition Accounting Standard from the first quarter was presented for the cumulative period in terms of net sales, selling, general and administrative expenses, and losses. - FY2022-Q1First statedAnnual report
「The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 26 March 2021) (collectively, the “Revenue Recognition Accounting Standards, etc.”) from the beginning of the first quarter of the current consolidated fiscal year. 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 Revenue Recognition Accounting Standards, etc. were applied from the beginning of the first quarter, and the accounting treatment was changed to identify points as performance obligations. As a result of the application, first-quarter net sales decreased by ¥4,723 thousand, while the opening balance of retained earnings increased by ¥4,323 thousand.