Adoption of the New Revenue Recognition Standard and Deduction of Sales Promotion Expenses from Net Sales
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「As a result, compared with the application of the previous accounting standards, revenue and selling, general and administrative expenses in the consolidated income statement for the current consolidated fiscal year decreased by ¥4,955 million each. There was no impact on operating profit or net income.」
The company continued to deduct sales promotion expenses and other items from revenue under the new revenue recognition standard, disclosing that revenue and selling, general and administrative expenses each decreased by ¥4,955 million for the full year, with no impact on operating profit or net income. - FY2019-Q3RestatedAnnual report
「As a result, compared with the application of the previous accounting standards, revenue and selling, general and administrative expenses in the consolidated quarterly income statements for the cumulative third quarter and the third quarter decreased by ¥3,101 million and ¥1,013 million, respectively. There was no impact on operating profit or quarterly net income.」
The company continued to deduct sales promotion expenses and other items from revenue under the new revenue recognition standard, disclosing that revenue and selling, general and administrative expenses each decreased by ¥3,101 million for the nine months ended the third quarter. There was no impact on operating profit or quarterly net income. - FY2019-Q2RestatedAnnual report
「As a result, compared with the application of the previous accounting standards, revenue and selling, general and administrative expenses in the consolidated quarterly income statements for the cumulative second quarter and the second quarter decreased by ¥2,088 million and ¥1,096 million, respectively. There was no impact on operating profit or quarterly net income.」
The company continued to deduct sales promotion expenses and other items from revenue under the new revenue recognition standard, disclosing that revenue and selling, general and administrative expenses each decreased by ¥2,088 million for the six months ended the second quarter. There was no impact on operating profit or quarterly net income. - FY2019-Q1First statedAnnual report
「The company has applied the standard from the first quarter of the consolidated fiscal year beginning 1 April 2018. In adopting the standard, the company elected the transitional method of recognizing the cumulative effect of applying the standard at the date of initial application. Following the identification of performance obligations in contracts with customers, certain sales promotion expenses and other consideration paid by the Group to customers, which had previously been accounted for as selling, general and administrative expenses, have been deducted from revenue from the first quarter of the current consolidated fiscal year.」
The company adopted the new revenue recognition standard from the first quarter beginning 1 April 2018 and changed the treatment of certain sales promotion expenses and other items from selling, general and administrative expenses to deductions from revenue. Both revenue and selling, general and administrative expenses decreased by ¥992 million, with no impact on operating profit or quarterly net income.