Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023-Q1.
8 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure Under the Group Tax-Sharing System.」
The transition to the consolidated tax regime, which had been scheduled for the previous fiscal year, was implemented from the first quarter of the current consolidated fiscal year, and the company transitioned to accounting treatment and disclosures based on Practical Solution Report No. 42. - FY2022AdvancedAnnual report
「Consequently, compared with before the application of the revenue recognition accounting standards, net sales and cost of sales in the consolidated income statement for the current consolidated fiscal year each decreased by ¥13,298 million.」
The company disclosed the full-year application of the revenue recognition accounting standards and presented the impact of the net presentation of agent transactions on net sales and cost of sales. - FY2022-Q3RestatedAnnual report
「Consequently, compared with the previous accounting treatment, net sales and cost of sales for the first nine months of the current consolidated fiscal year each decreased by ¥9,514 million.」
The net presentation of agent transactions under the revenue recognition accounting standards applied from the first quarter continued, and the impact on net sales and cost of sales for the first nine months of the current fiscal year was disclosed as ¥9,514 million. - FY2022-Q2RestatedAnnual report
「As a result, for transactions in which the Group acts as an agent in providing products to customers, the Group had recognized the total consideration received from customers as revenue. It will instead recognize revenue on a net basis, after deducting the amount paid to suppliers from the amount received from customers. Consequently, compared with the previous accounting treatment, net sales and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥6,126 million.」
The net presentation of agent transactions under the revenue recognition accounting standards applied from the first quarter continued, and the impact on net sales and cost of sales for the first six months of the current fiscal year was disclosed as ¥6,126 million. - FY2022-Q1First statedAnnual report
「The Group has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) from the beginning of the first quarter of the current consolidated 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 is transferred to the customer.」
From the beginning of the first quarter of the current consolidated fiscal year, the company applied the revenue recognition accounting standards and changed transactions in which it acts as an agent to net presentation. As a result of the application, net sales and cost of sales each decreased by ¥2,778 million.