Reclassification of packaging, transportation and storage costs to selling, general and administrative expenses
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3RestatedAnnual report
「Previously, certain consolidated subsidiaries recorded packaging, transportation and storage costs individually attributable to merchandise and finished goods in cost of sales. Following the application of the revenue recognition accounting standard and related standards, the relationship between revenue and cost of sales and the scope of cost of sales were reviewed, and these costs have been included in selling, general and administrative expenses since the first quarter of the consolidated fiscal year.」
The accounting treatment of packaging, transportation and storage costs continues to be changed from cost of sales to selling, general and administrative expenses. - FY2022-Q2RestatedAnnual report
「Previously, certain consolidated subsidiaries recorded packaging, transportation and storage costs individually attributable to merchandise and finished goods in cost of sales. Following the application of the revenue recognition accounting standard and related standards, the relationship between revenue and cost of sales and the scope of cost of sales were reviewed, and these costs have been included in selling, general and administrative expenses since the first quarter of the consolidated fiscal year.」
The accounting treatment of packaging, transportation and storage costs continues to be changed from cost of sales to selling, general and administrative expenses. - FY2022-Q1First statedAnnual report
「Previously, certain consolidated subsidiaries recorded packaging, transportation and storage costs individually attributable to merchandise and finished goods in cost of sales. Following the application of the revenue recognition accounting standard and related standards, the relationship between revenue and cost of sales and the scope of cost of sales were reviewed, and these costs have been included in selling, general and administrative expenses since the first quarter of the current consolidated fiscal year.」
The accounting classification of packaging, transportation and storage costs was changed from cost of sales to selling, general and administrative expenses following the application of the revenue recognition accounting standard and related standards, and this was identified for the first time as a standalone topic.