Application of the Revenue Recognition Standard and Change to Gross Presentation
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
35 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The group recognizes revenue when control of the promised goods or services transfers to the customer, at the amount it expects to receive in exchange for those goods or services.」
The company has continued recognising revenue when performance obligations are satisfied under the revenue recognition accounting standard. - FY2022RestatedAnnual report
「As a result, net sales and cost of sales in the consolidated statement of income for the current consolidated fiscal year increased by ¥37.950 million, but gross profit, operating income, ordinary income and profit before income taxes for the year were unaffected.」
The company has continued applying the revenue recognition accounting standard and changing certain transactions to gross presentation, disclosing that there was no impact on profit. - FY2022-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year increased by ¥31.758 million, but gross profit, operating income, ordinary income and profit before income taxes for the quarter were unaffected.」
The company has continued applying the revenue recognition accounting standard and changing certain items to gross presentation, disclosing that net sales and cost of sales increased while there was no impact on the respective profit figures. - FY2022-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter of the current consolidated fiscal year increased by ¥16.078 million, but gross profit, operating income, ordinary income and profit before income taxes for the quarter were unaffected.」
The company has continued applying the revenue recognition accounting standard and changing certain items to gross presentation, disclosing that net sales and cost of sales increased by ¥16.078 million while there was no impact on the respective profit figures. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
For certain transactions, sales and cost of sales were changed from net presentation to gross presentation, increasing each by ¥7.501 million, with no impact on profit.