Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third-quarter period decreased by ¥816 million and selling, general and administrative expenses decreased by ¥816 million, but there was no change in operating profit, ordinary profit or quarterly profit before income taxes and other adjustments.」
The company continues to apply the Accounting Standard for Revenue Recognition, resulting in net sales and selling, general and administrative expenses each decreasing by ¥816 million, with no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second-quarter period decreased by ¥611 million and selling, general and administrative expenses decreased by ¥611 million, but there was no change in operating loss, ordinary profit or quarterly profit before income taxes and other adjustments.」
The company continues to apply the Accounting Standard for Revenue Recognition, resulting in net sales and selling, general and administrative expenses each decreasing by ¥611 million, with no impact on profit. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the consolidated fiscal year, we applied the Accounting Standard for Revenue Recognition and related standards and recognize revenue at the amount expected to be received in exchange for the goods or services when the customer obtains control of the promised goods or services.」
The revenue recognition standard was applied from 1 April 2021, changing the treatment of certain sales incentives so that they reduce the transaction price. Revenue and SG&A each decreased by ¥256 million, with no impact on operating loss or other profit figures.