Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 4 entries say "Restated". Latest entry: FY2022.
35 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current fiscal year. As the figures for the full-year cumulative period in the explanation of operating results reflect application of these accounting standards and related standards, changes and rates of change in net sales compared with the previous fiscal year have not been presented.」
The Company continued to apply the revenue recognition standard and related standards for the full fiscal year and reconfirmed its policy of not presenting year-on-year comparisons of net sales. - FY2022-Q3Updated the cumulative impactAnnual report
「As a result, net sales, gross profit, and selling, general and administrative expenses for the nine months ended 31 December 2021 each decreased by ¥698 million. There was no impact on operating profit, ordinary profit, or profit before income taxes.」
The cumulative presentation impact of applying the revenue recognition standard and related standards was updated from a ¥457 million decrease in each item for the six months ended 30 September 2021 to a ¥698 million decrease in each item for the nine months ended 31 December 2021. The Company stated that there was no impact on operating profit or other measures. - FY2022-Q2Updated the cumulative impactAnnual report
「As a result, net sales, gross profit, and selling, general and administrative expenses for the six months ended 30 September 2021 each decreased by ¥457 million. There was no impact on operating profit, ordinary profit, or profit before income taxes.」
The Company continued to apply the revenue recognition standard and related standards, presenting sales promotion expenses and other items as deductions from net sales. As a result, net sales, gross profit, and selling, general and administrative expenses for the six months ended 30 September 2021 each decreased by ¥457 million. The Company stated that there was no impact on operating profit or other measures. - FY2022-Q1First statedAnnual report
「The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter accounting period. As a result, consideration payable to customers, including sales promotion expenses, which was previously treated as selling, general and administrative expenses, is now deducted from net sales. Accordingly, net sales, gross profit, and selling, general and administrative expenses for the cumulative first quarter decreased by ¥200 million each. There was no effect on operating income, ordinary income, or income before income taxes for the quarter.」
From the beginning of the FY2022 first-quarter accounting period, the Company applied the Revenue Recognition Accounting Standard and other standards and changed the presentation of sales promotion expenses and other items. Net sales, gross profit, and selling, general and administrative expenses each decreased by ¥200 million, with no effect on operating income or other profit measures.