Application of the Revenue Recognition Standard and Deduction of Sales Discounts from Net Sales
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
33 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「There was no impact on net income for the period from application of the Revenue Recognition Standard (Accounting Standards Board of Japan Statement No. 29, dated 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards.」
The Company continues to apply the Revenue Recognition Standard and related standards, and states that there was no impact on net income for the period. - FY2022-Q3RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, sales discounts previously recorded as non-operating expenses are deducted from revenue.」
The Company continues to apply the Revenue Recognition Standard and related standards from the beginning of the first quarter, and to deduct sales discounts from revenue. It states that application of the Revenue Recognition Standard and related standards had no impact on quarterly net income for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, sales discounts previously recorded as non-operating expenses are deducted from revenue.」
The Company continues to apply the revenue recognition standard and related standards from the beginning of the first quarter, and to deduct sales discounts from revenue. It states that there was no impact on quarterly net income. - 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 fiscal year, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, sales discounts previously recorded as non-operating expenses are deducted from revenue.」
The Company applied the revenue recognition standard and related standards from the beginning of the first quarter, changing the timing of revenue recognition and the presentation of sales discounts. It states that there was no impact on quarterly net income or retained earnings at the beginning of the period.