Changes in Revenue Presentation Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q2. 8 of 9 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue by type of goods and services and by reporting segment following application of the Revenue Recognition Accounting Standard. - FY2024-Q2RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue by type of goods and services and by reporting segment following application of the Revenue Recognition Accounting Standard. - FY2024-Q1RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue by type of goods and services and by reporting segment following application of the Revenue Recognition Accounting Standard. - FY2023RestatedAnnual report
「The Group operates through 3 reporting segments: domestic food, overseas food and food-related businesses.」
The company continues to disclose revenue by reporting segment and by goods and services following application of the Revenue Recognition Accounting Standard. - FY2023-Q3RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue by type of goods and services and by reporting segment following application of the Revenue Recognition Accounting Standard. - FY2023-Q2RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue by type of goods and services and by reporting segment following application of the Revenue Recognition Accounting Standard. - FY2023-Q1RestatedAnnual report
「The Group disaggregates revenue arising from contracts with customers by type of goods and services in its reporting segments, based on its contracts with customers.」
The company continues to disclose revenue information following application of the Revenue Recognition Accounting Standard. No material accounting changes are described for the current quarter. - FY2022-Q3RestatedAnnual report
「For transactions in which the Group acts as an agent in providing goods or services to customers, the Group previously recognized the total consideration received from customers as revenue. From the first-quarter consolidated cumulative period, it changed to recognizing revenue on a net basis, after deducting amounts paid to suppliers from amounts received from customers.」
The company continues to apply the Revenue Recognition Accounting Standard from the first quarter, including net presentation of agent transactions and deduction of sales promotion expenses and other items from net sales. The impact on net sales for the nine-month period ended in the third quarter was a decrease of ¥2,476.973 million. - FY2022-Q2First statedAnnual report
「We 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 consolidated 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 is transferred to the customer.」
The company has changed its revenue recognition method by presenting agent transactions on a net basis and deducting sales promotion expenses and other items from net sales. As a result of this application, net sales for the six-month period ended in the second quarter decreased by ¥1,251.825 million.