Application of the Accounting Standard for Revenue Recognition and Related Standards and Changes in Revenue Recognition Methods
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
40 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, there was no impact on the beginning balance of retained earnings for the current fiscal year. However, for the nine months ended the third quarter of the current consolidated fiscal year, sales declined by ¥1,366 million, cost of sales by ¥1,355 million, operating income by ¥10 million, and non-operating income by ¥1 million, while ordinary income and quarterly net income before income taxes each declined by ¥12 million.」
The Company continued to apply the revenue recognition accounting standards and related standards adopted from the first quarter and disclosed their impact for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, there was no impact on the beginning balance of retained earnings for the current fiscal year. However, for the six months ended the second quarter of the current consolidated fiscal year, sales declined by ¥836 million, cost of sales by ¥836 million, operating income by ¥0 million, and non-operating income by ¥2 million, while ordinary income and quarterly net income before income taxes each declined by ¥3 million.」
The Company continued to apply the revenue recognition accounting standard adopted from the first quarter and disclosed its impact for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter and now recognizes revenue 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.」
The Company changed the revenue recognition methods for agency transactions, transactions involving supplied goods for consideration, and export sales. As a result of the application, first-quarter sales declined by ¥449 million, operating income by ¥5 million, and ordinary income and quarterly net income before income taxes by ¥12 million each.