Application of the Revenue Recognition Accounting Standard and Deduction of Points and Coupons from Sales
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
8 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the fiscal year under review. Accordingly, trends in key management indicators and other measures for the fiscal year under review are based on the standards after their adoption.」
The company continued applying the revenue recognition standard for the full fiscal year and disclosed that this affects year-on-year comparisons of sales and other figures. - FY2022-Q3RestatedAnnual report
「As a result, sales for the nine-month period decreased by ¥930,932 thousand, while selling, general and administrative expenses also decreased by ¥930,932 thousand, with no impact on operating profit, ordinary profit or quarterly net profit before income taxes.」
The company continued applying the revenue recognition standard. Changes in the treatment of points and coupons reduced both sales and selling, general and administrative expenses by ¥930,932 thousand, with no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, sales for the six-month period decreased by ¥671,882 thousand, while selling, general and administrative expenses also decreased by ¥671,882 thousand, with no impact on operating profit, ordinary profit or quarterly net profit before income taxes.」
The company continued applying the revenue recognition standard. In the six-month period, sales and selling, general and administrative expenses each decreased by ¥671,882 thousand, with no impact on profit. - FY2022-Q1First statedAnnual report
「The company 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 amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer. Accordingly, points granted on customer purchases and coupon redemptions, which had previously been recorded as selling, general and administrative expenses, are now recognized as a reduction of sales.」
From the first quarter, the company adopted the revenue recognition standard and changed its treatment of points granted and coupons redeemed from selling, general and administrative expenses to deductions from sales. Sales and selling, general and administrative expenses each decreased by ¥383,506 thousand, with no impact on operating profit or other profit figures.