Application of the Revenue Recognition Standard
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
8 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales and selling, general and administrative expenses for the current consolidated fiscal year each decreased by ¥54 million, but there was no impact on operating profit, ordinary profit, profit before income taxes, or the beginning balance of retained earnings.」
The Group continued applying the Revenue Recognition Standard. Net sales and selling, general and administrative expenses each decreased by ¥54 million, but there was no impact on profit. - FY2022-Q3RestatedAnnual report
「As a result, net sales and selling, general and administrative expenses for the nine months ended the third quarter of the current consolidated fiscal year each decreased by ¥49 million, but there was no impact on operating profit, ordinary profit, profit before income taxes, or the beginning balance of retained earnings.」
The Group continued applying the Revenue Recognition Standard. For the nine months ended the third quarter, net sales and selling, general and administrative expenses each decreased by ¥49 million, but there was no impact on profit. - FY2022-Q2First statedAnnual report
「The Group applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is now 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. Accordingly, certain sales promotion expenses previously recorded in selling, general and administrative expenses are now deducted from net sales.」
The Group applied the Revenue Recognition Standard and other standards from the beginning of the first quarter of the current consolidated fiscal year, changing the timing of revenue recognition and the presentation of sales promotion expenses and other items. Net sales and selling, general and administrative expenses for the six months ended the second quarter decreased by ¥32 million each, but there was no impact on operating profit or other income figures.