Changes in the Presentation of Revenue and Profit Resulting from the Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with the figures before applying the revenue recognition accounting standard and related standards, other current liabilities on the balance sheet at the end of the fiscal year increased by ¥16.352 million. On the income statement for the fiscal year, net sales decreased by ¥67.211 million, selling, general and administrative expenses decreased by ¥61.643 million, and operating income, ordinary income and profit before income taxes each decreased by ¥5.568 million.」
The company continued applying the revenue recognition accounting standard throughout the fiscal year and disclosed the cumulative impact on net sales, expenses and profit. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative nine-month period, net sales decreased by ¥51.025 million, selling, general and administrative expenses decreased by ¥45.692 million, and operating income, ordinary income and profit before income taxes each decreased by ¥5.332 million. In addition, the opening balance of retained earnings decreased by ¥8.991 million.」
The company continued its policy of applying the revenue recognition accounting standard and related standards from the beginning of the first-quarter accounting period and disclosed the cumulative impact on the current nine-month period. - FY2022-Q1First statedAnnual report
「As a result, for the cumulative first-quarter period, net sales decreased by ¥25.177 million, selling, general and administrative expenses decreased by ¥16.115 million, and operating income, ordinary income and profit before income taxes each decreased by ¥9.062 million. In addition, the opening balance of retained earnings decreased by ¥8.991 million.」
The company applied the revenue recognition accounting standard and related standards from the beginning of the first-quarter accounting period and changed, among other things, its treatment of sales rebates. It disclosed the impact of the application on net sales, expenses and retained earnings.