Change in revenue recognition method due to the adoption of the revenue recognition accounting standard and related standards
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
7 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥108.221 million, while operating profit, ordinary profit and quarterly profit before income taxes decreased by ¥24.255 million each.」
It continues to apply the revenue recognition accounting standard adopted from the first quarter and reports its impact on the cumulative period. - FY2023-Q2RestatedAnnual report
「The revenue recognition accounting standard and related standards have been applied in accordance with the transitional treatment set out in the proviso to Paragraph 84 of the Revenue Recognition Accounting Standard, with the new accounting policy applied from the beginning of the first quarter of the consolidated fiscal year. As a result, revenue for the cumulative second quarter decreased by ¥108.221 million, while operating profit, ordinary profit and quarterly profit before income taxes decreased by ¥24.255 million each.」
It continues to apply the revenue recognition accounting standard introduced in the first quarter and reports its cumulative-period impact. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize 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.」
For contract work, the company changed to recognizing revenue over a certain period based on the percentage of completion, and for online games, to recognizing revenue based on the period of item usage. As a result of the adoption, quarterly revenue decreased by ¥53.624 million and operating profit and other items decreased by ¥14.877 million.