Change in Revenue Presentation Due to Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024-Q2.
24 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「The Company had calculated income tax expense for itself and its domestic consolidated subsidiaries using the standard method. However, from the first-quarter consolidated accounting period, in order to further streamline quarterly closing procedures, the Company changed its method to reasonably estimate the effective tax rate after applying tax-effect accounting to pretax profit for the consolidated fiscal year, and calculate income tax expense by multiplying pretax quarterly profit by that estimated effective tax rate.」
The Company continues to calculate income tax expense using the estimated effective tax rate introduced from the first quarter. - FY2022-Q3RestatedAnnual report
「As a result, cumulative third-quarter net sales and selling, general and administrative expenses each decreased by ¥225.256 million. There was no impact on operating income, ordinary income or profit before income taxes.」
The application of the Revenue Recognition Accounting Standard reduced cumulative third-quarter net sales and selling, general and administrative expenses by ¥225.256 million each, but the absence of any impact on profit has been reconfirmed. - FY2022-Q2RestatedAnnual report
「As a result, cumulative second-quarter net sales and selling, general and administrative expenses each decreased by ¥145.731 million. There was no impact on operating income, ordinary income or profit before income taxes, and there was no impact on the opening balance of retained earnings.」
Under the Revenue Recognition Accounting Standard applied from the beginning of the first quarter, cumulative second-quarter net sales and selling, general and administrative expenses each decreased by ¥145.731 million, but the absence of any impact on profit has been reconfirmed. - FY2022-Q1First statedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards from the beginning of the first-quarter consolidated accounting period. 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.」
From the beginning of the first-quarter consolidated accounting period, the Company applied the Revenue Recognition Accounting Standard and other standards and changed its method so that the amount equivalent to points issued by other companies is deducted from net sales rather than recorded in selling, general and administrative expenses. Net sales decreased by ¥72.710 million, but there was no impact on operating income, ordinary income or other profit measures.