Adoption of the revenue recognition standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
50 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the nine months ended 31 December each decreased by ¥35,509 million. There was also no impact on operating profit, ordinary profit, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」
Following application of the Revenue Recognition Accounting Standard from the first quarter, revenue and cost of sales for the nine months ended 31 December each decreased by ¥35,509 million, while the company reconfirmed that there was no impact on operating profit or other income figures. - FY2022-Q2RestatedAnnual report
「As a result, revenue and cost of sales for the six months ended 30 September each decreased by ¥23,873 million. There was also no impact on operating profit, ordinary profit, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」
Following application of the Revenue Recognition Accounting Standard from the first quarter, revenue and cost of sales for the six months ended 30 September each decreased by ¥23,873 million, while the company reconfirmed that there was no impact on operating profit or other income figures. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter of the current 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.」
The Revenue Recognition Accounting Standard and other standards were applied from 1 April 2021, and revenue from transactions conducted as an agent was changed from gross presentation to net presentation. Revenue and cost of sales each decreased by ¥1,458 million, but the company disclosed that there was no impact on operating profit or other income figures.