Adoption of the Revenue Recognition Accounting Standard and Related Standards and Presentation of Net Sales on a Net Basis
First written in FY2022-Q1. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026.
41 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For sales of goods that we and our consolidated subsidiaries determined to involve acting as an agent, revenue is recognized on a net basis after deducting the amount paid to the other party from the amount received in exchange for goods supplied by that other party.」
Net presentation of agent transactions has continued as an accounting policy following adoption of the revenue recognition accounting standard. - FY2023RestatedAnnual report
「For sales of goods that we and our consolidated subsidiaries determined to involve acting as an agent, revenue is recognized on a net basis after deducting the amount paid to the other party from the amount received in exchange for goods supplied by that other party.」
Net presentation of agent transactions has continued as an accounting policy following adoption of the revenue recognition accounting standard. - FY2022AdvancedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥144,959 million, cost of sales decreased by ¥145,010 million, and operating profit, ordinary profit and profit before income taxes increased by ¥51 million each.」
The full-year impact of adopting the revenue recognition accounting standard and related standards was disclosed definitively: revenue decreased by ¥144,959 million, while operating profit, ordinary profit and other items each increased by ¥51 million. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal period decreased by ¥108,998 million, cost of sales decreased by ¥109,099 million, and operating profit, ordinary profit and profit before income taxes increased by ¥100 million each.」
The impact of adopting the revenue recognition accounting standard and related standards was quantified for the cumulative third quarter: revenue decreased by ¥108,998 million, while operating profit, ordinary profit and other items each increased by ¥100 million. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal period decreased by ¥69,665 million, cost of sales decreased by ¥69,656 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥8 million each.」
The impact of adopting the revenue recognition accounting standard and related standards was quantified for the cumulative second quarter: revenue decreased by ¥69,665 million, while operating profit, ordinary profit and other items each decreased by ¥8 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
Transactions conducted as an agent were changed from gross presentation to net presentation, and the methods for recognizing revenue from construction contracts, made-to-order software, installment sales and LP gas sales were also changed. As a result of the adoption, revenue for the quarter decreased by ¥33,589 million, while operating profit and ordinary profit each increased by ¥18 million.