Changes in Revenue Presentation and Recognition Due to Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the current fiscal year. … For transactions classified as agency transactions, revenue is recognized on a net basis, after deducting the amount paid to suppliers from the amount received from customers.」
The annual adoption of the revenue recognition accounting standard was completed, and net presentation for agency transactions and other changes were reflected in the consolidated financial statements. The impact was described as immaterial. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
Revenue recognition under the accounting standard adopted from the first quarter, and net presentation for agency transactions, continued in the third quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
Revenue recognition under the accounting standard adopted from the first quarter, and net presentation for agency transactions, continued in the second quarter. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were adopted from the beginning of the first quarter of the current fiscal year. Revenue is now recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for certain transactions, consideration received from customers was previously recognized as revenue on a gross basis. For transactions in which the Company and its domestic consolidated subsidiaries act as agents in providing goods or services to customers, revenue is now recognized on a net basis, after deducting the amount paid to suppliers from the amount received from customers.」
The revenue recognition accounting standard and related standards were adopted from the first quarter beginning 1 April 2021, and transactions classified as agency transactions were changed from gross to net presentation. The impact on the opening balance of retained earnings and the quarterly consolidated financial statements was described as immaterial.