Application of the Accounting Standard for Revenue Recognition and Net Presentation of Agent Transactions and Variable Consideration
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, sales and cost of sales for the consolidated fiscal year decreased by ¥16.675 billion each.」
The company continued to apply the revenue recognition standard and disclosed the annual impact of the net presentation of agent transactions and other changes as ¥16.675 billion each for sales and cost of sales. - FY2022-Q3RestatedAnnual report
「As a result, sales and cost of sales for the cumulative third quarter of the consolidated fiscal year decreased by ¥11.888 billion each.」
The company continued to apply the revenue recognition standard adopted from the first quarter and disclosed the cumulative impact of the net presentation of agent transactions and other changes as ¥11.888 billion each for sales and cost of sales. - FY2022-Q2RestatedAnnual report
「As a result, sales and cost of sales for the cumulative second quarter of the consolidated fiscal year decreased by ¥6.664 billion each.」
The company continued to apply the revenue recognition standard adopted from the first quarter, including the net presentation of agent transactions, and disclosed the cumulative impact at ¥6.664 billion. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the consolidated fiscal year, recognizing revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. In the wholesale paper and pulp business, the company previously recognized the total consideration received from customers as revenue. However, after determining its role in providing goods or services to customers, whether as principal or agent, it changed the method for transactions in which it acts as an agent to recognize revenue on a net basis, deducting amounts paid to suppliers from the gross amount.」
The company applied the revenue recognition standard and related standards from the beginning of the quarter and changed agent transactions from gross to net presentation. It also changed the treatment of variable consideration to include it in the transaction price, reducing sales and cost of sales for the quarter by ¥3.888 billion each.