Net Presentation of Sales Revenue from Sell-Through Transactions of Overseas Consolidated Subsidiaries
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
1 other company's latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「For so-called scan-based purchasing transactions, in which products are purchased from suppliers at the same time as they are sold to customers, the Group had recorded the transaction amount in both net sales and cost of sales. From the first quarter consolidated accounting period, however, it changed the accounting treatment for such transactions at foreign consolidated subsidiaries that prepare financial statements in accordance with International Financial Reporting Standards, recognizing the amount equivalent to gross profit as net sales.」
The change in accounting treatment for scan-based purchasing transactions at foreign consolidated subsidiaries from gross to net presentation, together with retrospective application, continues to be disclosed. - FY2019-Q2RestatedAnnual report
「From the first quarter consolidated accounting period, the Group changed the presentation of scan-based purchasing transactions at foreign consolidated subsidiaries that prepare financial statements in accordance with International Financial Reporting Standards, recognizing the amount equivalent to gross profit as net sales. Following this change, the figures for the cumulative second quarter of the tenth fiscal year and the tenth fiscal year are presented after retrospective application.」
The change in accounting treatment for scan-based purchasing transactions at foreign consolidated subsidiaries from gross to net presentation, together with the figures after retrospective application, continues to be disclosed. - FY2019-Q1First statedAnnual report
「From the first quarter consolidated accounting period, the Group changed the presentation of scan-based purchasing transactions at foreign consolidated subsidiaries that prepare financial statements in accordance with International Financial Reporting Standards, recognizing the amount equivalent to gross profit as net sales. As a result of this change, revenue from the relevant transactions is presented net rather than gross.」
The accounting treatment for scan-based purchasing transactions at foreign consolidated subsidiaries was changed from gross to net presentation of the amount equivalent to gross profit, with retrospective application.