Adoption of the Revenue Recognition Accounting Standard and Deduction of Shareholder Benefit and Gift Certificate Usage from Revenue
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Amounts redeemed through shareholder benefit certificates, vouchers and similar instruments are deducted from net sales as consideration payable to customers.」
Following the application of the Revenue Recognition Accounting Standard, the company continues to account for amounts redeemed through shareholder benefit certificates and vouchers by deducting them from net sales. - FY2022RestatedAnnual report
「As a result, net sales, gross profit and selling, general and administrative expenses for the current consolidated fiscal year each decreased by ¥175 million, but operating loss, ordinary loss and net income before income taxes did not change.」
The company continues to apply the Revenue Recognition Accounting Standard and deducts amounts redeemed through shareholder benefit certificates and vouchers from net sales. Reported net sales and related items decreased by ¥175 million, but there was no impact on profit or loss. - FY2022-Q3RestatedAnnual report
「As a result, net sales, gross profit and selling, general and administrative expenses for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥119 million, but operating loss, ordinary profit and quarterly net income before income taxes did not change.」
The company continues to apply the Revenue Recognition Accounting Standard adopted from the first quarter and deducts amounts redeemed through shareholder benefit certificates and vouchers from net sales. Net sales and related items decreased by ¥119 million cumulatively, but there was no impact on profit or loss. - FY2022-Q2RestatedAnnual report
「As a result, net sales, gross profit and selling, general and administrative expenses for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥65 million, but operating loss, ordinary loss and loss before income taxes did not change.」
The company continues to apply the Revenue Recognition Accounting Standard adopted from the first quarter and deducts amounts redeemed through shareholder benefit certificates and vouchers from net sales. Net sales and related items decreased by ¥65 million cumulatively, but there was no impact on profit or loss. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”), etc., 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, amounts redeemed through shareholder benefit certificates and vouchers, which were previously recorded as selling, general and administrative expenses, are deducted from net sales as consideration payable to customers.」
Beginning this quarter, the company applied the Revenue Recognition Accounting Standard and changed its presentation so that amounts redeemed through shareholder benefit certificates and vouchers are deducted from net sales rather than selling, general and administrative expenses. Net sales, gross profit and selling, general and administrative expenses each decreased by ¥39 million, but there was no impact on operating loss or other profit and loss items.