Changes in the Recognition of Revenue, Discounts and Returns Following Adoption of the Accounting Standard for Revenue Recognition
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「From the beginning of the first-quarter consolidated accounting period, the company adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 31 March 2020; the “Revenue Recognition Accounting Standard”) and related standards. Revenue is now recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company continued applying the revenue recognition accounting standard and disclosed changes in the recognition of discounts and returns and their impact on profit for the quarter. - FY2023-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
From the beginning of the first-quarter consolidated accounting period, the company adopted the revenue recognition accounting standard and related standards. It identified performance obligations relating to discounts and changed the treatment of the provision for returns to a refund liability, among other measures. Operating income, ordinary income and income before income taxes for the quarter each decreased by ¥2.903 million, while retained earnings at the beginning of the period increased by ¥33.326 million.