Net presentation of agent transactions following adoption of the revenue recognition standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales and cost of sales for the consolidated fiscal year decreased by ¥3,157.768 million compared with the previous accounting treatment, while operating income, ordinary income and profit before income taxes were unaffected.」
The net presentation of agent transactions under the revenue recognition accounting standard continued for the full fiscal year. Although net sales and cost of sales decreased by ¥3,157.768 million, profit was unaffected. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales and cost of sales for the cumulative third quarter decreased by ¥2,434.209 million, while operating income, ordinary income and quarterly net income before taxes and other adjustments were unaffected.」
The net presentation of agent transactions under the Revenue Recognition Accounting Standard continued, with net sales and cost of sales for the cumulative period decreasing by ¥2,434.209 million, while profit was unaffected, according to the disclosure. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales and cost of sales for the cumulative second quarter decreased by ¥1,710.657 million, while operating income, ordinary income and quarterly net income before taxes and other adjustments were unaffected.」
The net presentation of agent transactions under the Revenue Recognition Accounting Standard applied from the first quarter continued. For the cumulative period, net sales and cost of sales decreased by ¥1,710.657 million, while profit was unaffected, according to the disclosure. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter. Revenue is now recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, compared with the previous accounting treatment, net sales and cost of sales for the cumulative first quarter decreased by ¥885.625 million, while operating income, ordinary income and quarterly net income before taxes and other adjustments were unaffected.」
The Revenue Recognition Accounting Standard and other standards were applied from the beginning of the first quarter of FY2022, and transactions for which the Company acts as an agent were presented on a net basis. Net sales and cost of sales each decreased by ¥885.625 million, but operating income, ordinary income and quarterly net income before taxes and other adjustments were unaffected, according to the disclosure.