Adoption of revenue recognition accounting standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales and operating profit for the current consolidated fiscal year decreased by ¥481 million.」
The Revenue Recognition Standard and related standards have continued to apply, with their impact on net sales and operating profit for the current fiscal year disclosed as a ¥481 million decrease. - FY2022-Q3RestatedAnnual report
「As a result, at the end of the third quarter of the current consolidated fiscal year, raw materials and supplies increased by ¥280 million, other current assets increased by ¥28 million, and other current liabilities increased by ¥309 million. Net sales and operating profit for the nine months ended the third quarter decreased by ¥348 million.」
The Revenue Recognition Standard and related standards, applied from the first quarter, have continued to apply, with their impact on net sales and operating profit for the nine months ended the third quarter disclosed as a ¥348 million decrease. - FY2022-Q1First statedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standard 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.」
The Revenue Recognition Standard and related standards have continued to apply from the beginning of the current fiscal year, changing the accounting treatment for consideration payable to customers and transactions involving the obligation to repurchase goods supplied for consideration. Their application reduced first-quarter net sales and operating profit by ¥110 million.