Changes to revenue presentation and recognition methods resulting from the application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
33 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period of the fiscal year, net sales decreased by ¥195.014 million, cost of sales decreased by ¥59.348 million, operating profit decreased by ¥131.270 million, non-operating expenses decreased by ¥144.436 million, and ordinary profit and profit before income taxes increased by ¥13.166 million each.」
The accounting standards for revenue recognition and related standards applied from the first quarter continued to be applied, and the cumulative impact was updated in the disclosure. No change to the accounting policy itself was stated. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 standards for revenue recognition and related standards applied from the first quarter continued to be applied. For the cumulative period, the disclosed impact was a ¥119.122 million decrease in net sales, a ¥83.629 million decrease in operating profit and a ¥16.948 million increase in ordinary profit. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, 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 transfers to the customer.」
The accounting standards for revenue recognition and related standards were applied from the beginning of the first-quarter consolidated accounting period, changing the presentation of sales discounts and the revenue recognition methods for agent transactions and customer-supplied materials transactions. As a result of the application, net sales decreased by ¥60.775 million and ordinary profit increased by ¥17.398 million.