Application of the Revenue Recognition Accounting Standard and Impact on Financial Results
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
12 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, sales for the cumulative third quarter of the current consolidated fiscal year increased by ¥300.682 million, while operating income, ordinary income and quarterly profit before income taxes each increased by ¥181.544 million.」
The company has disclosed the impact of applying the revenue recognition accounting standard, which was adopted from the first quarter, for the cumulative third quarter. No new changes to accounting policies have been disclosed. - FY2022-Q2RestatedAnnual report
「As a result, sales for the cumulative second quarter of the current consolidated fiscal year increased by ¥300.063 million, while operating income, ordinary income and quarterly profit before income taxes each increased by ¥146.972 million.」
The company has again reported the application of the revenue recognition accounting standard from the first quarter and its impact on results for the cumulative second quarter. No new changes to accounting policies have been disclosed. - 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 fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods when control of those goods is transferred to the customer. As a result, sales for the first quarter of the current consolidated fiscal year increased by ¥277.511 million, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥107.539 million.」
The revenue recognition accounting standard and other standards were applied from the beginning of the quarter, changing the timing of revenue recognition for transactions involving molds and other matters. As a result, sales increased by ¥277.511 million, while operating income, ordinary income and quarterly profit before income taxes each increased by ¥107.539 million.