Application of the revenue recognition accounting standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter increased by ¥487 million, cost of sales increased by ¥992 million, and selling, general and administrative expenses decreased by ¥505 million. Operating income, ordinary income and income before taxes for the quarter each increased by ¥0 million. The opening balance of retained earnings also increased by ¥1 million.」
The company continued to apply the Accounting Standard for Revenue Recognition and related standards and disclosed the amounts of their impact on the cumulative third quarter. Revenue increased by ¥487 million, while the impact on operating income and other profit measures was ¥0 million. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter increased by ¥341 million, cost of sales increased by ¥655 million, and selling, general and administrative expenses decreased by ¥314 million. Operating income, ordinary income and income before taxes for the quarter each increased by ¥0 million. The opening balance of retained earnings also increased by ¥1 million.」
The company continued to apply the Accounting Standard for Revenue Recognition and related standards and disclosed the amounts of their impact on revenue, cost of sales, and selling, general and administrative expenses for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
Effective from 1 April 2021, the company applied the Accounting Standard for Revenue Recognition and related standards, changing to a method that recognises points as performance obligations and to gross presentation for principal transactions. As a result of the application, revenue for the first quarter increased by ¥168 million, cost of sales increased by ¥318 million, and selling, general and administrative expenses decreased by ¥150 million.