Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 1 of 5 entries say "Restated". Latest entry: FY2023.
17 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the 58th fiscal year. Accordingly, the key management indicators and other data for the 58th fiscal year and thereafter reflect application of these accounting standards.」
The notes to the key indicators also reconfirm that the revenue recognition accounting standard and other relevant standards have been applied from the beginning of the 58th fiscal year. - FY2022Confirmed full-year adoptionAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current fiscal year.」
The company also states in its full-year report that the revenue recognition accounting standard and other relevant standards, introduced in its quarterly report, have been applied from the beginning of the current fiscal year. - FY2022-Q3Updated the impact of the adoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative third quarter decreased by ¥39 million each, with no impact on operating income, ordinary income or quarterly net income before income taxes.」
The company states that, following the adoption of the revenue recognition accounting standard and other relevant standards, net sales and selling, general and administrative expenses for the cumulative third quarter decreased by ¥39 million each, with no impact on operating income, ordinary income or quarterly net income before income taxes. - FY2022-Q2Updated the impact of the adoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative second quarter decreased by ¥24 million each, with no impact on operating income, ordinary income or quarterly net income before income taxes.」
The company states that, following the adoption of the revenue recognition accounting standard and other relevant standards, net sales and selling, general and administrative expenses for the first half decreased by ¥24 million each, with no impact on operating income, ordinary income or quarterly net income before income taxes. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, the company changed its treatment of certain consideration paid to customers, including sales commissions previously recorded under selling, general and administrative expenses, to deduct it from the transaction price.」
The company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of the current fiscal year and changed its presentation method to deduct certain consideration paid to customers from net sales. Net sales and selling, general and administrative expenses each decreased by ¥10 million, with no impact on operating income, ordinary income or quarterly net income before income taxes.