Changes in Revenue Recognition Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
25 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, revenue for the fiscal year declined by ¥95.319 million, and cost of sales also declined by ¥95.319 million.」
The Group continued to apply the revenue recognition accounting standard, reducing both revenue and cost of sales by ¥95.319 million for the fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine months ended the third quarter declined by ¥70.038 million, and cost of sales also declined by ¥70.038 million.」
The Group continued to apply the revenue recognition accounting standard, reducing both revenue and cost of sales by ¥70.038 million for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter declined by ¥47.929 million, and cost of sales also declined by ¥47.929 million.」
The Group continued to apply the revenue recognition accounting standard, reducing both revenue and cost of sales by ¥47.929 million for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
Transactions conducted as an agent were changed to net presentation, and the cost recovery method was applied when progress could not be reasonably estimated. As a result, revenue for the quarter declined by ¥20.696 million, while operating profit and other items increased by ¥2.275 million.