Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period of the current consolidated fiscal year, net sales decreased by ¥252.108 million, cost of sales decreased by ¥52.465 million, selling, general and administrative expenses decreased by ¥146.148 million, and operating income, ordinary income and profit before income taxes decreased by ¥53.493 million each. The opening balance of retained earnings also decreased by ¥22.583 million.」
The company continues to disclose decreases of ¥252 million in net sales, ¥53 million in operating income and other items, and ¥22 million in the opening balance of retained earnings following adoption of the revenue recognition accounting standard. - FY2022-Q2RestatedAnnual report
「In addition, consideration paid to customers, including sales incentives, had previously been recorded under selling, general and administrative expenses, but the presentation was changed so that it is deducted from net sales.」
The company continues to disclose the change in presentation of sales incentives and other items following adoption of the revenue recognition accounting standard, along with decreases of ¥241.911 million in net sales and ¥42.994 million in operating income and other items. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year, changing the timing of revenue recognition and the presentation of sales incentives and other items. As a result of the adoption, quarterly net sales decreased by ¥67.816 million, operating income and other items decreased by ¥4.376 million, and the opening balance of retained earnings decreased by ¥22.583 million.