Changes to Net Presentation and Points Accounting Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 4 of 7 entries say "Restated". Latest entry: FY2023.
24 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
The company continues to disclose disaggregated information on revenue arising from contracts with customers as segment information after applying the revenue recognition accounting standard. - FY2023-Q3RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
The company continues to disclose disaggregated information on revenue arising from contracts with customers as segment information after applying the revenue recognition accounting standard. - FY2023-Q2RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
The company continues to disclose disaggregated information on revenue arising from contracts with customers as segment information after applying the revenue recognition accounting standard. - FY2023-Q1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
The company continues to disclose disaggregated revenue information after applying the revenue recognition accounting standard as segment information. - FY2022-Q3Further cumulative increase in the impact of revenue recognitionAnnual report
「As a result, sales for the nine-month period ended in the third quarter decreased by ¥5,968 million, while operating income, ordinary income, and profit before income taxes each increased by ¥1 million.」
The company disclosed that, for the nine-month period ended in the third quarter, application of the revenue recognition accounting standard and other standards reduced sales by ¥5,968 million and increased operating income, ordinary income, and other amounts by ¥1 million each. - FY2022-Q2Cumulative disclosure of the impact of the revenue recognition accounting standardAnnual report
「As a result, sales for the six-month period ended in the second quarter decreased by ¥3,893 million, while operating income, ordinary income, and profit before income taxes each increased by ¥3 million.」
The company disclosed that, for the six-month period ended in the second quarter, application of the revenue recognition accounting standard reduced sales by ¥3,893 million and increased operating income, ordinary income, and other amounts by ¥3 million each. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the current first-quarter consolidated accounting period. 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. For revenue from consignment purchase transactions, revenue was previously recognized at the gross amount of consideration received from customers. The company determined that it did not obtain control of the purchased goods before providing them to customers and provided only an arrangement service, and therefore changed to recognizing revenue on a net basis after deducting the amount paid to suppliers from the gross consideration.」
From the current first quarter, the company applied the revenue recognition accounting standard and changed consignment purchase transactions from gross to net presentation. For its own points program, it also changed to allocating the transaction price by treating points as a performance obligation. Sales decreased by ¥1,921 million, while operating income, ordinary income, and other amounts each increased by ¥1 million.