Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
29 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the nine-month period ended in the third quarter decreased by ¥2,165 million, cost of sales decreased by ¥1,973 million, and operating profit decreased by ¥192 million. There was no impact on ordinary profit, quarterly net profit before income taxes, or the opening balance of retained earnings.」
The company continued to apply the Revenue Recognition Accounting Standard, disclosing a decrease of ¥2,165 million in revenue and ¥192 million in operating profit for the nine-month period ended in the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the six-month period ended in the second quarter decreased by ¥1,537 million, cost of sales decreased by ¥1,414 million, and operating profit decreased by ¥122 million. There was no impact on ordinary profit, quarterly net profit before income taxes, or the opening balance of retained earnings.」
The company continued to apply the Revenue Recognition Accounting Standard, disclosing a decrease of ¥1,537 million in revenue and ¥122 million in operating profit for the six-month period ended in the second quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the Revenue Recognition Accounting Standard and related standards from the beginning of the first quarter, changing its accounting treatment to net presentation for transactions as an agent and recognition of construction revenue over time. As a result of the application, revenue decreased by ¥1,502 million and operating profit by ¥61 million in the quarter.