Adoption of the Revenue Recognition Accounting Standard and Deduction of Variable Consideration from Net Sales
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning 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, the portion of the consideration promised to customers that may vary is deducted from net sales. This has no impact on profit or loss for the current consolidated fiscal year.」
The company has continued applying the revenue recognition standard and deducting variable consideration from net sales, and explained that there was no impact on profit or loss for the current fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, net sales, operating income, ordinary income and profit before income taxes for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥108.830 million.」
Under the revenue recognition standard and other standards applied from the first quarter, the company continues to deduct consideration that may vary from net sales. The impact on the cumulative period was a decrease of ¥108.830 million each. - FY2022-Q2RestatedAnnual report
「As a result, there was no impact on profit or loss for the cumulative second quarter of the current consolidated fiscal year.」
The company has disclosed that the revenue recognition standard and other standards applied from the first quarter had no impact on profit or loss for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards 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, the portion of the consideration promised to customers that may vary is deducted from net sales. As a result, net sales, operating income, ordinary income and profit before income taxes for the cumulative first quarter of the current consolidated fiscal year each decreased by ¥108.816 million.」
From the first quarter beginning 1 April 2021, the company newly applied the revenue recognition standard and other standards, adopting an accounting policy of deducting consideration that may vary from net sales. The impact of the adoption was a decrease of ¥108.816 million each in net sales, operating income, ordinary income and profit before income taxes.