Planned adoption of the revenue recognition accounting standard for the fiscal year ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「As a result, for certain transactions, consideration received from customers had previously been recognized as revenue in its gross amount. For transactions in which the Group acts as an agent in providing goods or services to customers, however, the Group changed to recognizing revenue on a net basis, deducting the amount paid to suppliers from the amount received from customers. As a result, net sales and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥1,362 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The application of the accounting standard for revenue recognition continued, and the change to net presentation for agent transactions reduced net sales and cost of sales by ¥1,362 million each, with no impact on profit. - FY2022-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the first nine months of the current consolidated fiscal year each decreased by ¥2,151 million, with no impact on operating profit, ordinary profit or profit before income taxes. There was also no impact on the opening balance of retained earnings for the current fiscal year.」
The application of the accounting standard for revenue recognition continued, and the impact on net sales and cost of sales for the cumulative period was stated as ¥2,151 million. There was no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, for certain transactions, consideration received from customers had previously been recognized as revenue in its gross amount. For transactions in which the Group acts as an agent in providing goods or services to customers, however, the Group changed to recognizing revenue on a net basis, deducting the amount paid to suppliers from the amount received from customers. As a result, net sales and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥1,362 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The application of the accounting standard for revenue recognition continued, and the disclosure stated that the change to net presentation for agent transactions reduced net sales and cost of sales for the cumulative period by ¥1,362 million each, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Compared with the previous method, net sales and cost of sales for the first quarter of the current consolidated fiscal year decreased by ¥786 million each.」
The accounting standards for revenue recognition and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated fiscal year. Net sales and cost of sales each decreased by ¥786 million, with no impact on operating profit or other profit measures. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The disclosure stated that the accounting standards for revenue recognition and related guidance were scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact was under assessment.