Application of the Accounting Standard for Revenue Recognition 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
「As a result, for the cumulative third quarter of the current fiscal year, net sales decreased by ¥424.247 million, cost of sales by ¥379.324 million and selling, general and administrative expenses by ¥43.115 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥1.807 million. The opening balance of retained earnings also decreased by ¥2.557 million.」
The company continued to apply the accounting standards for revenue recognition and disclosed updated impacts on net sales and other items and on profit for the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current fiscal year, net sales decreased by ¥318.056 million, cost of sales by ¥282.761 million and selling, general and administrative expenses by ¥35.571 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥277 thousand. The opening balance of retained earnings also decreased by ¥2.557 million.」
The company quantified the impact of applying the accounting standards for revenue recognition and related standards on net sales and other items for the cumulative second quarter, as well as the decrease in the opening balance of retained earnings. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the current first-quarter accounting period. 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 transfers to the customer.」
The company applied the accounting standards for revenue recognition and related standards from the beginning of the first quarter of the current fiscal year, changing its revenue recognition methods for billed-but-not-shipped contracts, transactions involving goods supplied at cost, variable consideration, principal-agent transactions and warehouse dispatch fees. As a result of the application, net sales decreased by ¥127.8 million, cost of sales by ¥115.776 million and selling, general and administrative expenses by ¥11.336 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥687 thousand.