Adoption of Revenue Recognition Standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
53 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥58,415 million, cost of sales decreased by ¥52,059 million, selling, general and administrative expenses decreased by ¥7,102 million, operating income increased by ¥745 million, and both ordinary income and profit before income taxes increased by ¥632 million.」
The application of the revenue recognition standard continued for the full year, and the company disclosed its impact on net sales, operating income and other items. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥23,990 million, cost of sales decreased by ¥20,759 million, selling, general and administrative expenses decreased by ¥2,684 million, operating income decreased by ¥546 million, and both ordinary income and profit before income taxes decreased by ¥522 million.」
The application of the revenue recognition standard continued, and the company disclosed its impact on the cumulative second quarter, including a ¥23,990 million decrease in net sales and a ¥546 million decrease in operating income. - FY2022-Q1First statedAnnual report
「The company 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 current 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 applied the revenue recognition standard from the beginning of the first quarter of fiscal 2021 and changed the presentation of transactions as principal or agent and amounts collected on behalf of third parties. As a result, quarterly net sales decreased by ¥10,964 million and operating income increased by ¥849 million.