Change in Revenue-Recognition Methods Following Adoption of the Revenue-Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
25 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Company has applied the Revenue Recognition Standard and other standards from the beginning of the first-quarter consolidated accounting period. 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.」
The Company continues to apply the Revenue Recognition Standard and other standards adopted from the first quarter. The impact on net sales for the nine months ended the current third quarter was a decrease of ¥10,305 million, while the impact on operating income and other items was considered immaterial. - FY2022-Q1First statedAnnual report
「The Company has 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 current first-quarter consolidated accounting period. 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.」
The Company applied the Revenue Recognition Standard and other standards from the beginning of the current first-quarter consolidated accounting period, changed certain transactions from gross to net presentation, and adopted a method that does not recognize revenue from transactions involving the provision of materials for consideration. As a result of the application, net sales decreased by ¥3,409 million.