Adoption of the revenue recognition accounting standard
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, in the consolidated statement of income for the fiscal year, net sales decreased by ¥329 million, cost of sales increased by ¥19 million, and selling, general and administrative expenses decreased by ¥349 million. However, there was no impact on operating loss, ordinary loss, or loss before income taxes.」
The company continues to apply the Accounting Standard for Revenue Recognition and discloses the amounts affecting presentation and recognition for the fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥247 million, cost of sales increased by ¥12 million, and selling, general and administrative expenses decreased by ¥259 million.」
The company continues to apply the Accounting Standard for Revenue Recognition. For the cumulative third quarter, it disclosed that application of the standard reduced net sales by ¥247 million, increased cost of sales by ¥12 million, and reduced selling, general and administrative expenses by ¥259 million. - FY2022-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized 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 Standard for Revenue Recognition and related standards were applied from 1 April 2021. Part of business-use sales was recognized on a net basis, and sponsorship fees and other amounts were deducted from the transaction price. As a result, net sales for the cumulative second quarter decreased by ¥162 million.