Change in Revenue Recognition Methods Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
24 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥2,437 million, cost of sales by ¥1,020 million, and selling, general and administrative expenses by ¥1,417 million in the cumulative third quarter of the current fiscal year, while operating income, ordinary income, and income before income taxes remained unchanged.」
The company continues to apply the revenue recognition accounting standards and has disclosed that, although reported amounts such as net sales decreased in the cumulative third quarter of the current fiscal year, there was no impact on operating income, ordinary income, or income before income taxes. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥1,418 million, cost of sales by ¥640 million, and selling, general and administrative expenses by ¥778 million in the cumulative second quarter of the current fiscal year, while operating loss, ordinary loss, and loss before income taxes remained unchanged.」
The company continues to apply the revenue recognition accounting standards and has disclosed that, although reported amounts such as net sales decreased, there was no impact on operating loss, ordinary loss, or loss before income taxes. - 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. We now recognize 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.」
Effective 1 April 2021, the company changed to a method that applies the Revenue Recognition Accounting Standard and related standards, treats in-house points as separate performance obligations, and presents transactions conducted as an agent on a net basis.