Changes in the Presentation of Revenue and Sales Commissions Following the Application of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
35 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with before retrospective application, revenue for the previous consolidated fiscal year decreased by ¥943 million and selling, general and administrative expenses decreased by ¥943 million, with no change to operating profit, ordinary profit or profit before income taxes and other adjustments.」
The company continues to apply the Accounting Standard for Revenue Recognition and deduct sales commissions from revenue, disclosing the impact on the previous year's revenue and SG&A expenses as ¥943 million. - FY2022-Q3RestatedAnnual report
「As a result, compared with before retrospective application, revenue for the first 3 quarters of the previous consolidated fiscal year decreased by ¥740 million and selling, general and administrative expenses decreased by ¥740 million, with no change to operating profit, ordinary profit or profit before income taxes and other adjustments.」
The company continues to apply the Accounting Standard for Revenue Recognition introduced from the first quarter and deduct sales commissions from revenue, and has disclosed the impact on the cumulative total for the first 3 quarters of the previous year. - FY2022-Q2RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the consolidated fiscal year. 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. Accordingly, sales commissions previously recorded in selling, general and administrative expenses are deducted from revenue.」
The Accounting Standard for Revenue Recognition applied from the first quarter and the deduction of sales commissions from revenue continue to be applied. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. 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. Accordingly, sales commissions previously recorded in selling, general and administrative expenses are deducted from revenue.」
The Accounting Standard for Revenue Recognition and related standards were applied from 1 April 2021, changing the method to recognize revenue when control is transferred. Sales commissions were deducted from revenue, reducing revenue for the first quarter of the previous year by ¥209 million compared with before retrospective application, with no change to operating profit or other figures.