Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
29 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement 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 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 revenue recognition accounting standards applied from the first quarter continued to apply for the full fiscal year, with disclosed reductions of ¥18,191 million in net sales and ¥163 million in operating profit and other metrics. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥13,966 million, cost of sales by ¥13,850 million, and operating profit, ordinary profit, and profit before income taxes by ¥116 million each.」
The revenue recognition accounting standards applied from the first quarter continued to apply, and the impact on net sales and other metrics was disclosed quantitatively for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales decreased by ¥8,783 million, cost of sales by ¥8,721 million, and operating profit, ordinary profit, and profit before income taxes by ¥62 million each.」
The impact of the revenue recognition accounting standards applied from the first quarter was also disclosed for the first half, showing decreases of ¥8,783 million in net sales and ¥62 million in operating profit and other metrics. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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.」
Revenue recognition accounting standards and other standards were applied from the first quarter beginning 1 April 2021. Transactions involving the provision of materials for a consideration and copper exchange transactions were changed from gross to net presentation, reducing quarterly net sales by ¥3,989 million and operating profit, ordinary profit, and profit before income taxes by ¥32 million each.