Application of the Revenue Recognition Accounting Standard and Change to the Voyage Progress Basis
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year increased by ¥15,891 million, cost of sales increased by ¥5,004 million, selling, general and administrative expenses increased by ¥9 million, operating income increased by ¥10,876 million, and ordinary income and income before income taxes increased by ¥10,861 million each.」
Disclosed specific figures for the impact on the six-month period ended the second quarter of the revenue recognition accounting standard and the percentage-of-voyage-completed method adopted from the first quarter. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine months ended the third quarter of the current consolidated fiscal year increased by ¥18,913 million, cost of sales increased by ¥5,063 million, selling, general and administrative expenses decreased by ¥20 million, operating income increased by ¥13,869 million, and ordinary income and income before income taxes increased by ¥13,839 million each.」
Disclosed specific figures for the impact on the nine-month period ended the third quarter of the revenue recognition accounting standard adopted from the first quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year increased by ¥15,891 million, cost of sales increased by ¥5,004 million, selling, general and administrative expenses increased by ¥9 million, operating income increased by ¥10,876 million, and ordinary income and income before income taxes increased by ¥10,861 million each.」
Disclosed specific figures for the impact of the revenue recognition accounting standard, adopted from the first quarter, on the six-month period ended the second quarter. - FY2022-Q1First statedAnnual report
「We adopted the revenue recognition accounting standards and other standards from the beginning of the first quarter of the current consolidated fiscal year, and decided to recognize revenue 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. Accordingly, we mainly adopted the percentage-of-voyage-completed method for freight revenue and related costs that had previously been recognized using the voyage-completed method.」
The revenue recognition accounting standard was adopted from the beginning of the current quarter, and freight revenue and other items were changed mainly from the voyage-completed method to the percentage-of-voyage-completed method. As a result, revenue increased by ¥9,826 million, operating income by ¥7,510 million, and ordinary income by ¥7,503 million in the current quarter.