Adoption of the revenue recognition accounting standard and changes in revenue presentation
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
25 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our Group's principal businesses are digital marketing-related, IT infrastructure-related, and CVC-related businesses. We classify revenue as stock revenue, for which revenue is recognized over a period of time as performance obligations are satisfied, and flow revenue, for which revenue is recognized when performance obligations are satisfied.」
The company continues to recognize and present stock and flow revenue following adoption of the revenue recognition accounting standard. - FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the first nine months of the current consolidated fiscal year each decreased by ¥500.609 million.」
Under the revenue recognition accounting standard adopted from the first quarter, the company made net presentation adjustments for agent transactions and other items, disclosing that revenue and cost of sales each decreased by ¥500.609 million during the first nine months. - FY2022-Q2RestatedAnnual report
「As a result, revenue and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥315.028 million.」
Under the revenue recognition accounting standard adopted from the first quarter, the company made net presentation adjustments for agent transactions and other items, disclosing that revenue and cost of sales each decreased by ¥315.028 million during the first six months. - FY2022-Q1First statedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
From the beginning of the current first quarter consolidated accounting period, the company adopted the revenue recognition accounting standard and related standards, changing to net presentation for transactions conducted as an agent and to revenue recognition based on the degree of progress for made-to-order software. As a result of the adoption, revenue and cost of sales for the current quarter each decreased by ¥135.961 million.