Changes in revenue recognition methods following adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
91 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group has applied the “Accounting Standard for Revenue Recognition” and other standards from the beginning of the 59th fiscal year, and the key management indicators and other figures for the 59th fiscal year onward reflect application of these standards.」
The Group continues to disclose that the indicators are presented after application of the Revenue Recognition Standard. - FY2022AdvancedAnnual report
「In addition, for the current consolidated fiscal year, revenue decreased by ¥66,322 thousand, cost of sales decreased by ¥65,177 thousand, and operating profit, ordinary profit, and profit before income taxes each decreased by ¥1,144 thousand.」
The full-year impact of applying the Revenue Recognition Standard was quantified as a ¥66,322 thousand decrease in revenue, a ¥65,177 thousand decrease in cost of sales, and a ¥1,144 thousand decrease in each of the various profit measures. - FY2022-Q3AdvancedAnnual report
「In addition, for the nine months ended the third quarter of the current consolidated fiscal year, revenue increased by ¥908,408 thousand, cost of sales increased by ¥909,696 thousand, and operating loss, ordinary loss, and loss before income taxes for the quarter each increased by ¥1,287 thousand.」
The impact of applying the Revenue Recognition Standard in the nine months ended the third quarter was quantified as a ¥908,408 thousand increase in revenue, a ¥909,696 thousand increase in cost of sales, and a ¥1,287 thousand increase in each of the various loss measures. - FY2022-Q2AdvancedAnnual report
「In addition, for the six months ended the second quarter of the current consolidated fiscal year, revenue increased by ¥649,028 thousand, cost of sales increased by ¥651,087 thousand, and operating loss, ordinary loss, and loss before income taxes for the quarter each increased by ¥2,059 thousand.」
The impact of applying the Revenue Recognition Standard in the six months ended the second quarter was quantified as a ¥649,028 thousand increase in revenue, a ¥651,087 thousand increase in cost of sales, and a ¥2,059 thousand increase in each of the various loss measures. - FY2022-Q1First statedAnnual report
「The Group applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan 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 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 first quarter of the current fiscal year, the Group applied the Revenue Recognition Standard and other standards, changing its method of recognizing revenue so that performance obligations satisfied over time are recognized based on the progress of performance, while performance obligations satisfied at a point in time are recognized when performance is completed. Revenue increased by ¥286,405 thousand, while operating loss, ordinary loss, and loss before income taxes for the quarter each increased by ¥488 thousand.