Adoption of Accounting Standards and Related Guidance on Revenue Recognition
First written in FY2022-Q1. 2 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the 82nd fiscal year, and the key management indicators and other information for the 81st fiscal year are based on figures after retrospective application of these standards.」
The treatment of applying the revenue recognition accounting standard and using indicators after retrospective application continues. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the current fiscal year, and comparisons and analyses with the previous fiscal year are based on figures after retrospective application of these standards.」
The revenue recognition accounting standard continues to be applied from the beginning of the current fiscal year, with year-on-year comparisons based on figures after retrospective application. - FY2022-Q3AdvancedAnnual report
「As a result, compared with the period before retrospective application, net sales for the cumulative first three quarters of the previous fiscal year decreased by ¥4,455 million, cost of sales decreased by ¥4,406 million, and selling, general and administrative expenses decreased by ¥49 million. There was no change in operating income, ordinary income or profit before income taxes for the quarter.」
The specific impact of applying the revenue recognition accounting standard on net sales, cost of sales, and selling, general and administrative expenses for the cumulative first three quarters of the previous fiscal year was disclosed. No change was reported in operating income, ordinary income or profit before income taxes for the quarter. - FY2022-Q2AdvancedAnnual report
「As a result, compared with before retrospective application, net sales for the cumulative second quarter of the previous fiscal year decreased by ¥2,857 million, cost of sales decreased by ¥2,827 million, and selling, general and administrative expenses decreased by ¥30 million. There were no changes to operating profit, ordinary profit or profit before income taxes for the quarter.」
The impact of applying the revenue recognition accounting standard on net sales, cost of sales, and selling, general and administrative expenses for the same period of the previous year was specifically disclosed. It is stated that there were no changes to operating profit, ordinary profit or profit before income taxes for the quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the current first quarter accounting period. The key management indicators and other figures for the cumulative first quarter of the previous fiscal year and the previous fiscal year have therefore been restated after retrospective application of these accounting standards and other standards.」
The revenue recognition accounting standards and other standards were applied from the beginning of the current first quarter accounting period. Certain sales promotion expenses and other items were deducted from net sales, and transactions involving the receipt of consideration in kind and agency transactions were presented on a net basis. The standards were applied retrospectively to the same period of the previous year and the previous fiscal year, and the method of calculating segment profit or loss was also changed.