Application of the accounting standard for revenue recognition
First written in FY2021. 9 of 13 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products and merchandise are delivered and generally receive consideration within approximately 2 months. - FY2024-Q3RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2024-Q2RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2024-Q1RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2023RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered. - FY2023-Q3RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2023-Q2RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2023-Q1RestatedAnnual report
「For product revenue, the company determines that its performance obligation is satisfied when products manufactured based on customer orders are delivered to the customer, and recognizes revenue at that time. Consideration is generally received within approximately 2 months of satisfaction of the performance obligation.」
Following adoption of the revenue recognition accounting standard, the company continues to recognize revenue when products are delivered and generally receive consideration within approximately 2 months. - FY2022Full-year impact quantifiedAnnual report
「As a result, compared with before the retrospective application, revenue for the previous consolidated fiscal year decreased by ¥4,299 million, and selling, general and administrative expenses decreased by the same amount, but there was no impact on operating profit, ordinary profit or profit before income taxes and other adjustments for the year.」
Regarding full-year application of the revenue recognition accounting standard, the company quantitatively disclosed that revenue and selling, general and administrative expenses for the previous year decreased by ¥4,299 million, with no impact on profit. - FY2022-Q3Quantitative disclosure of the impact of adoptionAnnual report
「As a result, compared with before the retrospective application, revenue for the cumulative first three quarters of the previous consolidated fiscal year decreased by ¥3,235 million, and selling, general and administrative expenses decreased by the same amount, but there was no impact on operating profit, ordinary profit or profit before income taxes and other adjustments for the quarter.」
Regarding the application of the revenue recognition accounting standard, the company quantitatively disclosed that, due to retrospective application, revenue and selling, general and administrative expenses for the cumulative first three quarters of the previous year decreased by ¥3,235 million, with no impact on profit. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company continues to disclose the application of the revenue recognition accounting standard, which began at the start of the first quarter of the consolidated fiscal year, and recognition of revenue when performance obligations are satisfied. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company began applying the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the current consolidated fiscal year, which began on 1 April 2021. It also changed the presentation of logistics center usage fees and other items. - FY2021First statedAnnual report
「As the Accounting Standard for Revenue Recognition (Accounting Standard No. 29) and other standards will be applied from the beginning of the fiscal year ending March 2022,」
The company began applying the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022, and first stated its policy of presenting the revenue and margin targets in its medium-term management plan under the post-adoption basis.