Changes in Revenue Recognition Methods Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「For domestic product sales, revenue is recognized upon shipment because the period from shipment until control of the product transfers to the customer is a normal period.」
The method of recognizing revenue based on product sales and service provision continued following application of the Accounting Standard for Revenue Recognition. - FY2022RestatedAnnual report
「The main changes resulting from the application of the Accounting Standard for Revenue Recognition and related guidance are as follows.」
The application of the Accounting Standard for Revenue Recognition and related standards continued, and net sales, operating income and ordinary income for the current fiscal year decreased by ¥2,294 thousand. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the nine months ended the third quarter decreased by ¥2,133 thousand, while operating income, ordinary income and profit before income taxes each decreased by the same amount.」
The application of the Accounting Standard for Revenue Recognition and related standards, which began in the first quarter, continued. For the nine months ended the third quarter, the impact on net sales, operating income and other items was disclosed as a ¥2,133 thousand decrease, with no further change to the accounting policy itself. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement 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.」
The application of the Accounting Standard for Revenue Recognition and related standards, which began in the first quarter, continued. The company also disclosed that the cumulative impact through the second quarter was a ¥1,670 thousand decrease in net sales and other items. - 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.」
The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the current fiscal year, changing the method of allocating the transaction price for transactions combining product sales with services such as confirming the normal operation of equipment, as well as the method of recognizing revenue from variable consideration related to sales rebates at overseas subsidiaries. As a result of the application, first-quarter net sales, operating income, ordinary income and profit before income taxes decreased by ¥1,059 thousand each.