Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2023-Q1. 3 of 5 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024.
16 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the 37th fiscal year. Accordingly, the key management indicators and other measures for the 37th fiscal year and thereafter reflect application of those accounting standards.」
The notes to key management indicators continue to state that the Revenue Recognition Accounting Standard has been applied from the beginning of the 37th fiscal year. - FY2023AdvancedAnnual report
「Advertising expenses decreased by ¥257.886 million to ¥99.967 million due to the application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards, a 72.1% decrease year on year.」
Regarding the change in presentation resulting from applying the Revenue Recognition Standard, the company disclosed a ¥257.886 million reduction in advertising expenses as the annual impact on selling, general and administrative expenses. - FY2023-Q3AdvancedAnnual report
「As a result, net sales decreased by ¥131.844 million and selling, general and administrative expenses decreased by ¥131.844 million during the cumulative third quarter. There was no impact on the opening balance of retained earnings.」
The company updated the disclosed impact of the presentation change resulting from applying the Revenue Recognition Standard, stating that net sales and selling, general and administrative expenses each decreased by ¥131.844 million. - FY2023-Q2AdvancedAnnual report
「As a result, net sales decreased by ¥93.541 million and selling, general and administrative expenses decreased by ¥93.541 million during the cumulative second quarter. There was no impact on the opening balance of retained earnings.」
The company disclosed for the first time the specific impact of the presentation change resulting from applying the Revenue Recognition Standard, stating that net sales and selling, general and administrative expenses each decreased by ¥93.541 million. - FY2023-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant 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 is transferred to the customer. Accordingly, the company changed its presentation method so that part of the consideration paid to customers, previously recorded as advertising expenses under selling, general and administrative expenses, is deducted from net sales.」
From the beginning of the first quarter of the current fiscal year, the company applied the Revenue Recognition Standard and other relevant standards and changed its presentation method to deduct part of the consideration paid to customers from net sales.