Change in Revenue Recognition Method Following Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
28 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, for the consolidated fiscal year, revenue decreased by ¥758 million, cost of sales decreased by ¥691 million, and selling, general and administrative expenses decreased by ¥67 million. Ordinary profit and profit before income taxes and other adjustments for the year each increased by ¥2 million. There was no impact on operating profit.」
The Accounting Standard for Revenue Recognition continues to be applied. For the full year, revenue decreased by ¥758 million, while ordinary profit and related figures increased by ¥2 million. - FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, revenue decreased by ¥559 million, cost of sales decreased by ¥509 million, and selling, general and administrative expenses decreased by ¥50 million. Ordinary profit and profit before income taxes and other adjustments for the quarter each increased by ¥2 million. There was no impact on operating profit.」
The Accounting Standard for Revenue Recognition continues to be applied. For the nine months ended the third quarter, revenue decreased by ¥559 million, while ordinary profit and related figures increased by ¥2 million. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, revenue decreased by ¥332 million, cost of sales decreased by ¥299 million, and selling, general and administrative expenses decreased by ¥32 million. Ordinary profit and profit before income taxes and other adjustments for the quarter each increased by ¥2 million. There was no impact on operating profit.」
The Accounting Standard for Revenue Recognition continues to be applied. For the six months ended the second quarter, revenue decreased by ¥332 million, while ordinary profit and related figures increased by ¥2 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will 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.」
The Company applied the Accounting Standard for Revenue Recognition and related standards from the first quarter beginning 1 April 2021, changing its revenue recognition methods for transactions conducted as an agent, including presentation on a net basis, and point transactions. As a result of the application, revenue for the quarter decreased by ¥394 million, while ordinary profit and profit before income taxes and other adjustments for the quarter each increased by ¥2 million.