Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 5 of 6 entries say "Restated". Latest entry: FY2024.
10 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Revenue is recognized when the company or its consolidated subsidiaries provide merchandise, and, for products, when the products arrive at the customer.」
The company has continued its revenue recognition policy following adoption of the revenue recognition standard. - FY2023RestatedAnnual report
「Revenue is recognized when the company or its consolidated subsidiaries provide merchandise, and, for products, when the products arrive at the customer.」
The company has continued its revenue recognition policy following adoption of the revenue recognition standard. - FY2022RestatedAnnual report
「As a result, revenue decreased by ¥221.777 million, cost of sales by ¥127.739 million, and gross profit and selling, general and administrative expenses by ¥94.038 million for the current consolidated fiscal year.」
The company continued to apply the revenue recognition standard and disclosed its impact on revenue and other items for the current fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue, gross profit, and selling, general and administrative expenses for the nine months ended the third quarter each decreased by ¥77.734 million.」
The company continued to apply the revenue recognition standard adopted from the first quarter and disclosed the impact on the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue, gross profit, and selling, general and administrative expenses for the six months ended the second quarter each decreased by ¥53.779 million.」
The company continued to apply the revenue recognition standard adopted from the first quarter and disclosed an impact of ¥53.779 million on each of revenue, gross profit, and selling, general and administrative expenses for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards were applied from the beginning of the current first quarter of the consolidated fiscal year. 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.」
Effective 1 April 2021, the company adopted the revenue recognition standard and related standards, changing its method to record amounts equivalent to payment processing fees and other charges as sales discounts deducted from revenue. As a result of the adoption, revenue, gross profit, and selling, general and administrative expenses for the current quarter each decreased by ¥19.552 million.