Change in Revenue Recognition Methods Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
25 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the current consolidated fiscal year and will apply the new accounting policies prescribed by the guidance prospectively. There is no impact on the consolidated financial statements.」
The company also applied the Implementation Guidance on Accounting Standard for Fair Value Measurement for the full fiscal year and stated that it had no impact on the consolidated financial statements. - FY2022-Q3RestatedAnnual report
「Under Accounting Standard No. 29, the Accounting Standard for Revenue Recognition, which has been applied since the current consolidated fiscal year, the impact compared with the accounting standards applied through the previous fiscal year was as follows: sales, an increase of ¥1,876 million; operating profit, an increase of ¥209 million.」
The company continued to apply the Accounting Standard for Revenue Recognition, reporting a cumulative increase of ¥1,876 million in sales and ¥209 million in operating profit through the third quarter. - FY2022-Q2RestatedAnnual report
「Under Accounting Standard No. 29, the Accounting Standard for Revenue Recognition, which has been applied since the current consolidated fiscal year, the impact compared with the accounting standards applied through the previous fiscal year was as follows: sales, an increase of ¥1,369 million; operating profit, an increase of ¥77 million.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the cumulative impact through the second quarter was an increase of ¥1,369 million in sales and ¥77 million in operating profit. In the housing equipment-related business, sales increased by ¥1,764 million and operating profit by ¥108 million, while the chemicals, information systems, energy and resins-related businesses were affected by decreases in sales or profit. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company changed its revenue recognition methods for agency transactions, construction contracts, made-to-order software, transactions involving customer-supplied materials, maintenance contracts and consumer LP gas transactions. The impact of adoption on sales for the current quarter was an increase of ¥1,348 million, while the impact on operating profit was an increase of ¥90 million.