Application of the Revenue Recognition Accounting Standard and Net Presentation of Paid Supply Transactions
First written in FY2023-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025.
16 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards from the beginning of the 56th fiscal year. Accordingly, the key management indicators and other information for the 56th fiscal year reflect application of these accounting standards.」
The note on key management indicators continues to state that the Revenue Recognition Standard was applied from the beginning of the 56th fiscal year. - FY2024RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards from the beginning of the 56th fiscal year. Accordingly, the key management indicators and other information for the 56th fiscal year reflect application of these accounting standards.」
The note on key management indicators continues to state that the Revenue Recognition Standard was applied from the beginning of the 56th fiscal year. - FY2023RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards from the beginning of the 56th fiscal year. Accordingly, the key management indicators and other information for the 56th fiscal year reflect application of these accounting standards.」
The note on key management indicators continues to state that the Revenue Recognition Standard was applied from the beginning of the 56th fiscal year. - FY2023-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the current third quarter accounting period each decreased by ¥17.105 million, with no change to operating profit, ordinary profit or profit before income taxes for the quarter. There was no impact on the opening balance of retained earnings.」
The company continues to apply the Revenue Recognition Standard and present transactions involving customer-supplied materials on a net basis. Net sales and cost of sales each decreased by ¥17.105 million, with no impact on profit or retained earnings. - FY2023-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the current second quarter accounting period each decreased by ¥11.425 million, with no change to operating profit, ordinary profit or profit before income taxes for the quarter. There was no impact on the opening balance of retained earnings.」
The company continues to apply the Revenue Recognition Standard and present transactions involving customer-supplied materials on a net basis. For the current second quarter accounting period, net sales and cost of sales each decreased by ¥11.425 million, with no impact on profit. - FY2023-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and other applicable standards from the beginning of the current first quarter accounting period. Revenue is recognized 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, for transactions involving customer-supplied materials, whereas sales and cost of sales were previously recorded when the materials were sold back to the supplier, the company now recognizes revenue on a net basis, comprising processing fees and similar amounts. Accordingly, net sales and cost of sales for the current first quarter accounting period each decreased by ¥6.520 million, with no change to operating profit, ordinary profit or profit before income taxes for the quarter.」
The company applied the Revenue Recognition Standard from the beginning of the current first quarter accounting period and changed the revenue presentation for transactions involving customer-supplied materials from a gross basis to a net basis comprising processing fees and similar amounts. Net sales and cost of sales each decreased by ¥6.520 million, with no impact on profit.