Adoption of Accounting Standards for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, consolidated net sales decreased by ¥252 million, cost of sales increased by ¥79 million, and selling, general and administrative expenses decreased by ¥308 million. Operating income, ordinary income and profit before income taxes each decreased by ¥22 million. The opening balance of retained earnings also decreased by ¥1,068 million.」
The company continues to apply the revenue recognition accounting standard and discloses the amount of its impact on net sales and other items for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue decreased by ¥86 million, cost of sales increased by ¥71 million, and selling, general and administrative expenses decreased by ¥197 million during the cumulative second quarter of the current consolidated fiscal year. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥40 million. In addition, the beginning balance of retained earnings decreased by ¥1,068 million.」
The company continued to apply the Revenue Recognition Standard. For the cumulative second quarter, revenue decreased by ¥86 million, operating income and related measures increased by ¥40 million, and the beginning balance of retained earnings decreased by ¥1,068 million. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer. As a result, revenue decreased by ¥103 million, cost of sales increased by ¥10 million, and selling, general and administrative expenses decreased by ¥93 million during the cumulative first quarter of the current consolidated fiscal year. Operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥19 million. In addition, the beginning balance of retained earnings decreased by ¥1,068 million.」
The company applied the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year, changing the recognition methods for membership-based inspection services, variable consideration, consideration payable to customers and sales with a right of return. As a result, revenue decreased by ¥103 million, operating income and related measures decreased by ¥19 million, and the beginning balance of retained earnings decreased by ¥1,068 million.