Application of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with the previous method, net sales for the current consolidated fiscal year increased by ¥182.036 million, operating income decreased by ¥98.908 million, and ordinary income and profit before income taxes increased by ¥5.572 million each.」
The application of the revenue recognition accounting standards and related standards has continued, and the annual report discloses their impact on net sales, operating income, ordinary income and other items for the fiscal year ended March 2022. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous method, net sales for the cumulative third quarter of the current consolidated fiscal year increased by ¥131.303 million, operating income decreased by ¥78.334 million, and ordinary income and profit before income taxes increased by ¥2.334 million each.」
The impact on cumulative third-quarter net sales, operating income, ordinary income and other items of the revenue recognition accounting standards and related standards applied from the first quarter has been updated. There has been no material change to the accounting policy itself. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous method, net sales for the cumulative second quarter of the current consolidated fiscal year increased by ¥96.164 million, operating income decreased by ¥50.146 million, and ordinary income and profit before income taxes increased by ¥3.314 million each.」
The impact of the revenue recognition accounting standards and related standards applied from the first quarter on cumulative second-quarter net sales, operating income, ordinary income and other items is disclosed. The accounting policy itself has not changed. - 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 revenue recognition accounting standards and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year, and the method of recognizing revenue for products requiring installation was changed to recognition upon completion of installation. As a result of the application, quarterly net sales increased by ¥51.865 million and operating income decreased by ¥22.755 million.