Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2026-H1.
8 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It was reconfirmed that there were no material changes to the accounting estimates or their underlying assumptions. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It was reconfirmed that there were no material changes to the accounting estimates or the assumptions used in making them. - FY2022-Q2AdvancedAnnual report
「As a result, during the first 2 quarters of the current consolidated fiscal year, net sales decreased by ¥40.479 billion, cost of sales by ¥40.449 billion, and selling, general and administrative expenses by ¥109 million, while operating profit increased by ¥79 million and ordinary profit and quarterly profit before income taxes each increased by ¥14 million. The opening balance of retained earnings for the fiscal year also decreased by ¥648 million.」
The impact of applying the revenue recognition accounting standard on the cumulative first-half results was quantified, showing decreases of ¥40,479 million in net sales and ¥40,449 million in cost of sales, among others, and an increase of ¥79 million in operating income. - FY2022-Q1First statedAnnual report
「The Company adopted 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 three-month period ended 30 June. 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.」
From the beginning of the first quarter, the Company applied the revenue recognition standard and related standards, changing to net presentation for transactions in which it acts as an agent and to a method of recognizing revenue based on the progress of performance obligations satisfied over time. As a result of the application, net sales decreased by ¥18.684 billion, cost of sales decreased by ¥18.803 billion, selling, general and administrative expenses decreased by ¥210 million, and operating profit increased by ¥1.400 billion.