Application of the Revenue Recognition Accounting Standard and Related Standards and Presentation of Sales Rebates as Refund Liabilities
First written in FY2023-Q2. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Refund liabilities are reversed when the accounts payable are settled.」
Under the revenue recognition accounting standard, the company continues its accounting policy of deducting discounts, rebates and similar items and recognising as refund liabilities the consideration expected to be refunded to customers. - FY2023RestatedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. Revenue is recognised 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 reaffirms its accounting policy of applying the revenue recognition accounting standards and related standards from the beginning of the current fiscal year and recognising revenue when control transfers. - FY2023-Q3RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first-quarter consolidated accounting period. 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 reaffirms its application of the revenue recognition accounting standards and related standards from the beginning of the current fiscal year and its recognition of revenue when control transfers. It states that the application had no impact on profit or loss for the cumulative third-quarter period. - FY2023-Q2First statedAnnual report
「We applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the fiscal year. 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 transfers to the customer.」
The company states for the first time that, from the beginning of the current fiscal year, it applied the revenue recognition accounting standards and related standards and presents accounts payable and accrued expenses relating to sales rebates as refund liabilities. It states that there was no impact on the beginning balance of retained earnings or profit or loss for the cumulative second-quarter period.