Change in Revenue Recognition Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2026.
40 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group recognizes revenue based on the following five-step approach.」
The company continues to use the five-step approach under the Accounting Standard for Revenue Recognition and recognize revenue when products are delivered. - FY2022RestatedAnnual report
「As a result, net sales and cost of sales for the consolidated fiscal year decreased by ¥236 million each, while inventories and current liabilities increased by ¥67 million each.」
The company continues to apply the accounting standards for revenue recognition and disclosed their impact on the annual financial statements as ¥236 million for net sales and cost of sales and ¥67 million for inventories and current liabilities. - FY2022-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the six-month period of the second quarter of the current consolidated fiscal year decreased by ¥124 million each, while inventories and current liabilities increased by ¥58 million each.」
The company continues to apply the accounting standards for revenue recognition and disclosed their impact on the six-month period of the second quarter as a ¥124 million decrease in net sales and cost of sales and a ¥58 million decrease or increase in inventories and current liabilities. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current consolidated fiscal year, and began recognizing revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred.」
The company has applied the accounting standards for revenue recognition since 1 April 2021 and has changed its revenue recognition for paid receipt transactions, paid delivery transactions and export transactions to recognition based on the transfer of control and trade terms. As a result, first-quarter net sales and cost of sales each decreased by ¥56 million, while inventories and current liabilities each increased by ¥51 million.