Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023-Q3.
9 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
Disclosure of disaggregated revenue by business segment and region continued following the application of the Accounting Standard for Revenue Recognition. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the current consolidated fiscal year. Accordingly, 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 Accounting Standard for Revenue Recognition continued to be applied for the full fiscal year. Sales decreased by ¥2,498 million compared with the previous method, but there was no impact on operating income. - FY2022-Q3RestatedAnnual report
「As a result, sales for the cumulative third-quarter consolidated period decreased by ¥1,875 million, cost of sales decreased by ¥1,852 million, selling, general and administrative expenses decreased by ¥23 million, and operating income decreased by ¥0 million, while there was no impact on ordinary income or quarterly net income before income taxes.」
The Accounting Standard for Revenue Recognition, applied from the first quarter, continued to be applied, with the impact on sales for the cumulative third-quarter period amounting to ¥1,875 million. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied since the first quarter of the current consolidated accounting period.」
The Accounting Standard for Revenue Recognition and other standards, first applied in the first quarter, continued to be applied in the second quarter, reducing sales for the cumulative period by ¥1,090 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the current consolidated accounting period. Revenue is recognised 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, for transactions involving customer-provided materials for consideration, the method was changed to recognise only the amount equivalent to the processing fee as net revenue.」
The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the first quarter of the current consolidated accounting period, and transactions involving customer-provided materials for consideration were changed to net recognition of only the amount equivalent to the processing fee. The application reduced first-quarter sales by ¥612 million.