Adoption of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
46 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, during the nine months ended the third quarter of the current consolidated fiscal year, revenue decreased by ¥658 million, cost of sales decreased by ¥642 million, and operating income, ordinary income and profit before income taxes decreased by ¥16 million each. In addition, the opening balance of retained earnings increased by ¥11 million.」
The Company continued applying the Revenue Recognition Standard and disclosed a cumulative third-quarter impact of a ¥658 million decrease in revenue and a ¥16 million decrease in operating profit and other such items. - FY2022-Q2RestatedAnnual report
「As a result, during the six months ended the second quarter of the current consolidated fiscal year, revenue decreased by ¥514 million, cost of sales decreased by ¥497 million, and operating income, ordinary income and profit before income taxes decreased by ¥16 million each. In addition, the opening balance of retained earnings increased by ¥11 million.」
For the Revenue Recognition Standard applied from the beginning of the first quarter, the Company disclosed a cumulative second-quarter impact of a ¥514 million decrease in revenue and a ¥16 million decrease in operating profit and other such items. - FY2022-Q1First statedAnnual report
「The Company applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards 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. As a result, revenue for the cumulative first quarter decreased by ¥111 million, cost of sales decreased by ¥117 million, and operating profit, ordinary profit, and quarterly net profit before income taxes and other adjustments each increased by ¥6 million. The opening balance of retained earnings also increased by ¥11 million.」
The Company applied the Revenue Recognition Standard from the beginning of the quarter and changed the revenue recognition methods for transactions involving customer-supplied materials and contract work. As a result, revenue decreased by ¥111 million, cost of sales decreased by ¥117 million, and operating profit, ordinary profit, and other such items each increased by ¥6 million.