Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
91 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「Because the revenue recognition accounting standard and related standards were applied, “Notes and accounts receivable—trade,” previously presented under “Current assets” in the consolidated balance sheet for the previous consolidated fiscal year, has been presented as part of “Notes and accounts receivable—trade and contract assets” from the first quarter consolidated accounting period.」
The company continues to reflect the presentation changes associated with the revenue recognition accounting standard applied from the first quarter. For the six months ended 30 September, it also disclosed an impact of ¥11.177 million lower net sales and ¥13.722 million lower operating profit and other items. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter consolidated accounting period under review. 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 company applied the revenue recognition accounting standard and related standards from the beginning of the fiscal year and changed the recognition of certain transactions from recognition at contract inception to recognition over a period of time as performance obligations are satisfied. As a result of the application, quarterly net sales decreased by ¥11.781 million, while operating profit, ordinary profit and quarterly profit before income taxes each decreased by ¥11.078 million.