Impact of Applying the Revenue Recognition Accounting Standard and Related Guidance on Revenue Presentation and Profit
First written in FY2022-Q1. 7 of 8 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Revenue from contracts with customers 56,295 56,295 4,194 60,489 Other revenue － － 82 82 Net sales to external customers 56,295 56,295 4,276 60,571」
The company continued disclosing revenue categories after applying the revenue recognition standard and presented revenue from the vision care business and other businesses for the interim period. - FY2024-Q3RestatedAnnual report
「Menicon Plan 34,716 Manufacture and sale of contact lenses and care products 39,946 Other 5,462 7,154 Revenue from contracts with customers 80,126 80,126 7,154 87,280」
The company continued disclosing revenue categories after applying the revenue recognition standard and presented revenue from the Menicon Plan, the manufacture and sale of contact lenses and care products, and other sources for the nine months ended the third quarter. - FY2024-Q2RestatedAnnual report
「Menicon Plan 23,039 Manufacture and sale of contact lenses and care products 26,406 Other 3,592 5,010 Revenue from contracts with customers 53,037 53,037 5,010 58,048」
The company continued disclosing revenue categories after applying the revenue recognition standard and presented revenue from the Menicon Plan, the manufacture and sale of contact lenses and care products, and other sources for the six months ended the second quarter. - FY2023RestatedAnnual report
「Revenue from contracts with customers Menicon Plan 45,491 Manufacture and sale of contact lenses and care products 49,387」
The company continued disclosing revenue categories after applying the revenue recognition standard and presented current-period revenue from the Menicon Plan and the manufacture and sale of contact lenses and care products. - FY2022RestatedAnnual report
「As a result, compared with before applying the revenue recognition standards and other standards, the consolidated income statement for the current consolidated fiscal year shows decreases of ¥1,378 million in net sales, ¥763 million in cost of sales and ¥525 million in selling, general and administrative expenses. Operating income, ordinary income and profit before income taxes each decreased by ¥89 million.」
The company continued applying the revenue recognition standard and disclosed its full-year impact on net sales and profit. - FY2022-Q3RestatedAnnual report
「As a result, during the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥1,015 million, cost of sales decreased by ¥549 million, and selling, general and administrative expenses decreased by ¥369 million. Operating income, ordinary income and profit before income taxes decreased by ¥97 million each. The opening balance of retained earnings also decreased by ¥516 million.」
The company continued applying the revenue recognition standards and other standards and disclosed their impact for the nine months ended the third quarter: ¥1,015 million on net sales, ¥97 million on operating income and other profit measures, and ¥516 million on opening retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, during the six months ended the second quarter of the current consolidated fiscal year, net sales decreased by ¥694 million, cost of sales decreased by ¥365 million, and selling, general and administrative expenses decreased by ¥218 million. Operating income, ordinary income and profit before income taxes decreased by ¥110 million each. The opening balance of retained earnings also decreased by ¥516 million.」
The company continued applying the revenue recognition standards and other standards and disclosed their impact on net sales, profit and opening retained earnings for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「As a result of applying the revenue recognition standards and other standards, net sales decreased by ¥383 million, cost of sales decreased by ¥195 million, and selling, general and administrative expenses decreased by ¥110 million. Operating income, ordinary income and profit before income taxes decreased by ¥78 million each. The opening balance of retained earnings also decreased by ¥516 million.」
The revenue recognition standards and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year, changing the accounting treatment to deduct sales incentives and other items from net sales and present certain agency transactions on a net basis.