Application of the Accounting Standard for Revenue Recognition and Net Presentation of Advertising Revenue
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
35 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter decreased by ¥688.530 million each, but there was no effect on gross profit or any profit measure below it.」
The company explains that, following application of the revenue recognition accounting standard, revenue and cost of sales for the cumulative third quarter each decreased by ¥688.530 million, but there was no effect on any profit measure. - FY2022-Q2RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative second quarter decreased by ¥595.865 million each, but there was no effect on gross profit or any profit measure below it.」
The company explains that, following application of the revenue recognition accounting standard, advertising revenue and cost of sales for the cumulative second quarter each decreased by ¥595.865 million, but there was no effect on any profit measure. - FY2022-Q1First statedAnnual report
「For transactions in the advertising business in which the company acts as an agent, the company previously recognized the total consideration received from advertisers as revenue. It has changed to recognizing revenue on a net basis, after deducting payments to media outlets placing the advertisements and others from the total consideration received from advertisers. As a result, revenue and cost of sales for the cumulative first quarter decreased by ¥271.164 million each, but there was no effect on gross profit or any profit measure below it.」
The company applied the revenue recognition accounting standard from the beginning of the current first quarter and changed the presentation of advertising revenue from gross to net for agency transactions, after deducting payments to media outlets placing the advertisements and others. Revenue and cost of sales each decreased by ¥271.164 million, but there was no effect on gross profit or any lower-level profit measure.