Change in Revenue Recognition Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
6 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥10 million, and selling, general and administrative expenses decreased by ¥10 million. There was no impact on operating profit, ordinary profit or profit before income taxes.」
The company continued to apply the revenue recognition accounting standards and states that, as a result of changing the treatment of rebates and other amounts to deduct them from the transaction price, net sales and selling, general and administrative expenses for the cumulative third quarter each decreased by ¥10 million, while there was no impact on operating profit or other profit measures. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥6 million, while selling, general and administrative expenses also decreased by ¥6 million. There was no impact on operating profit, ordinary profit or quarterly net profit before income taxes.」
The company continued to apply the revenue recognition accounting standards and states that, as a result of changing the treatment of rebates and other amounts to deduct them from the transaction price, net sales and selling, general and administrative expenses for the cumulative second quarter each decreased by ¥6 million, while there was no impact on operating profit or other profit measures. - FY2022-Q1First statedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company applied the revenue recognition accounting standards and other requirements from the beginning of the first quarter of the current consolidated fiscal year, changing rebates and other amounts paid to customers from selling, general and administrative expenses to a reduction in the transaction price. Net sales decreased by ¥3 million, but there was no impact on operating profit, ordinary profit or quarterly net profit before income taxes.