Implementation Preparation for the New Revenue Recognition Accounting Standard and Related Standards
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「As a result, net sales for the current third-quarter cumulative consolidated period decreased by ¥3.104 million, cost of sales by ¥2.893 million and operating profit by ¥210 thousand, but the impact on ordinary profit and quarterly net loss before income taxes and other adjustments was minor.」
The Revenue Recognition Accounting Standard and related standards continue to be applied from the beginning of the current first-quarter consolidated accounting period. For the current third-quarter cumulative period, net sales decreased by ¥3.104 million and operating profit by ¥210 thousand, while the impact on ordinary profit and other items was described as minor. - FY2023-Q2RestatedAnnual report
「As a result, net sales for the current second-quarter cumulative consolidated period decreased by ¥1,960.455 million, but the impact on operating profit, ordinary profit and quarterly net income before income taxes and other adjustments was minor.」
The application of the Revenue Recognition Accounting Standard and related standards continues. Net sales for the current second-quarter cumulative period decreased by ¥1,960.455 million due to net presentation of agent transactions and other changes, while the impact on profit was described as minor. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the Revenue Recognition Accounting Standard) and related standards have been applied. As a result, for transactions in which the Group acts as an agent in providing goods to customers, the method of recognising revenue has been changed to recognise net revenue after deducting the amount paid to suppliers from the amount received from customers. The application of the Revenue Recognition Accounting Standard and related standards reduced net sales by ¥1,071.373 million, but had only a minor impact on operating profit, ordinary profit and quarterly net income attributable to owners of the parent.」
The Revenue Recognition Accounting Standard and related standards, which were scheduled to be applied from the start of the fiscal year ending February 2023, were applied from the current first quarter, resulting in changes including net presentation for agent transactions. Net sales decreased by ¥1,071.373 million, but the impact on profit was described as minor. - FY2022First statedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending February 2023.」
The Company plans to apply the accounting standard for revenue recognition and related standards from the start of the fiscal year ending February 2023, and is currently assessing the impact on the consolidated financial statements.