Changes in Net Sales and Segment Presentation Following the Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 4 entries say "Restated". Latest entry: FY2023.
51 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition from the beginning of the 212th fiscal period.」
The company continues to apply the revenue recognition accounting standard and presents segment revenue for the current fiscal year under the new standard. - FY2022-Q3Cumulative impact of adoption specified as ¥2,260 millionAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter decreased by ¥2,260 million.」
Regarding the revenue recognition accounting standard and related standards adopted from the first quarter, their impact on revenue and cost of sales for the cumulative third quarter was disclosed as a ¥2,260 million decrease. By segment, the impact was an increase of ¥2,448 million for the polymers business and ¥1,751 million for the functional materials business, and a decrease of ¥6,460 million for the fibers business. - FY2022-Q2Cumulative impact of adoption specified as ¥1,444 millionAnnual report
「As a result, revenue and cost of sales for the cumulative second quarter decreased by ¥1,444 million.」
Regarding the revenue recognition accounting standard and related standards adopted from the first quarter, the company disclosed a ¥1,444 million decrease in their impact on revenue and cost of sales for the cumulative second quarter. By segment, the impact was specified as an increase of ¥1,610 million for the polymers business and ¥1,163 million for the functional materials business, and a decrease of ¥4,218 million for the fibers business. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, the company adopted the Accounting Standard for Revenue Recognition and related standards, and began recognizing revenue 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. As a result, revenue and cost of sales for the cumulative first quarter decreased by ¥879 million.」
The company adopted the revenue recognition accounting standard and related standards from the first quarter, resulting in a ¥879 million decrease in revenue and cost of sales, including through net presentation of transactions in which the company acts as an agent. By segment, the impact on presentation was disclosed as an increase of ¥803 million for the polymers business and ¥554 million for the functional materials business, and a decrease of ¥2,237 million for the fibers business.