Changes in Revenue Presentation and Measurement Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
17 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards 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.」
The revenue recognition accounting standard applied from the beginning of FY2022 continued to be applied in the annual financial statements, including deducting sales promotion expenses and other items from net sales and presenting transactions as an agent on a net basis. - FY2022-Q3RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and related standards 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 standard applied from the first quarter continued to be applied in the third quarter, including deducting sales promotion expenses and other items from net sales and presenting transactions as an agent on a net basis. - FY2022-Q2RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and related standards 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 standard applied from the first quarter continued to be applied in the second quarter, including deducting sales promotion expenses and other items from net sales and presenting transactions as an agent on a net basis. - FY2022-Q1First statedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition 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 and related guidance were applied from the beginning of the fiscal year, changing the recognition and presentation of revenue, including deducting certain sales promotion expenses from net sales. Although net sales for the first quarter of the previous year decreased by ¥18,666 million, there was no impact on operating income, ordinary income or profit before income taxes and other adjustments for the quarter.