Adoption of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
16 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine-month consolidated period under review, net sales decreased by ¥1,190 million, selling, general and administrative expenses by ¥893 million, operating profit by ¥296 million and non-operating expenses by ¥339 million, while ordinary profit and profit before income taxes decreased by ¥42 million each.」
The company continued to apply the Accounting Standard for Revenue Recognition and related standards adopted from the first quarter and specifically disclosed the amount of their impact on the nine-month cumulative period. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month consolidated period under review, net sales decreased by ¥822 million, selling, general and administrative expenses by ¥619 million, operating profit by ¥202 million and non-operating expenses by ¥253 million, while ordinary profit and profit before income taxes decreased by ¥50 million each.」
The company continued to apply the Accounting Standard for Revenue Recognition and related standards adopted from the first quarter and specifically disclosed the amount of their impact on the six-month cumulative period under review. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year and recognizes revenue at the amount expected to be received in exchange for the relevant goods or services when control of the promised goods or services is transferred to the customer. As a result, for the nine-month consolidated period under review, net sales decreased by ¥435 million, selling, general and administrative expenses by ¥335 million, operating profit by ¥100 million and non-operating expenses by ¥134 million, while ordinary profit and profit before income taxes decreased by ¥33 million each.」
From 21 November 2021, the company applied the Accounting Standard for Revenue Recognition and related standards, changing to a method that deducts certain center fees, sales promotion contributions and other items, as well as sales discounts, from the transaction price. It also changed the recognition method for transactions involving the provision of goods for a consideration and the presentation of refund liabilities and contract liabilities.