Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the current consolidated fiscal year and recognizes revenue when control of the promised goods or services is transferred to the customer. …」
The Company applied the revenue recognition standard for the full fiscal year and changed the presentation of revenue from points, coupons and sales with rights of return. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the fiscal year, we applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, recognizing revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Company applied the revenue recognition standard and other standards from the first quarter beginning 1 October 2021, changing the presentation of revenue from points, discount coupons and sales with rights of return. Compared with before retrospective application, first-quarter revenue for the previous year decreased by ¥4.204 million, while the Company states that there was no impact on operating profit or other items.