Change in Revenue Presentation following Adoption of the Revenue Recognition Standard
First written in FY2023-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
5 other companies' latest entry also says "Other".
- FY2023Full-year impact finalizedAnnual report
「As a result, net sales decreased by ¥545.287 million, cost of sales decreased by ¥656.302 million and selling, general and administrative expenses decreased by ¥111.014 million for the current consolidated fiscal year, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The company disclosed the final presentation effects on net sales and other items from applying the accounting standard for revenue recognition for the full fiscal year. It stated that there was no impact on profit. - FY2023-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥488.899 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The company continued to apply the accounting standard for revenue recognition, disclosing that net sales and cost of sales decreased by ¥488.899 million during the cumulative third quarter, while there was no impact on operating profit or other profit measures. - FY2023-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥333.341 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The company continued to apply the accounting standard for revenue recognition, disclosing that net sales and cost of sales decreased by ¥333.341 million during the cumulative second quarter, while there was no impact on profit. - FY2023-Q1First statedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the accounting standard for revenue recognition and other related standards from the beginning of the first quarter of the current consolidated fiscal year, changing its revenue recognition methods for purchase-for-resale transactions, agency transactions and its points programme. Net sales and cost of sales decreased by ¥158.111 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.