Adoption of the Revenue Recognition Standard and Net Presentation of Agent Transactions
First written in FY2023-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
10 other companies' latest entry also says "Other".
- FY2023Full-year impact finalizedAnnual report
「As a result, compared with the previous accounting treatment, revenue and cost of sales for the current consolidated fiscal year decreased by ¥11,322 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the year.」
The Accounting Standard for Revenue Recognition and net presentation for agent transactions were applied for the full year, with the impact on revenue and cost of sales determined to be ¥11,322 million. It was disclosed that there was no impact on profit. - FY2023-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue and cost of sales for the current cumulative third quarter decreased by ¥8,622 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The application of the Accounting Standard for Revenue Recognition and net presentation for agent transactions continued, and it was reconfirmed that revenue and cost of sales decreased by ¥8,622 million while there was no impact on profit at each stage. - FY2023-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue and cost of sales for the current cumulative second quarter decreased by ¥5,807 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The application of the Accounting Standard for Revenue Recognition continued, and revenue and cost of sales decreased by ¥5,807 million due to net presentation for agent transactions, while the absence of any impact on profit at each stage was reconfirmed. - FY2023-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current cumulative first quarter, and 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. Regarding revenue recognition for transactions conducted as an agent, revenue had previously been recognized at the gross amount of consideration received from customers. Following an assessment of our role in providing goods or services to customers, whether as principal or agent, revenue is now recognized at the net amount after deducting payments to suppliers from the gross amount.」
The Accounting Standard for Revenue Recognition was applied from the first quarter beginning 1 March 2022, and revenue from sell-through purchases related to tenants, events and other activities was changed from gross presentation to net presentation. Although revenue and cost of sales decreased by ¥3,086 million, there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.