Change in revenue recognition method resulting from the adoption of the revenue recognition accounting standard and related standards
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
26 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, sales for the consolidated fiscal year were ¥35,491 million (¥39,985 million in the previous fiscal year). The application of the accounting standard for revenue recognition and related standards reduced sales by ¥8,474 million.」
The accounting standard for revenue recognition and related standards continued to be applied throughout the year, with the resulting impact disclosed as an ¥8,474 million decrease in both sales and cost of sales. - FY2022-Q3RestatedAnnual report
「As a result, sales for the nine months ended the third quarter decreased by ¥6,467 million and cost of sales decreased by ¥6,466 million. There was no impact on the opening balance of retained earnings for the current fiscal year.」
The application of the accounting standard for revenue recognition and related standards from the first quarter continued, with the impact disclosed for the cumulative period as a ¥6,467 million decrease in sales and a ¥6,466 million decrease in cost of sales. - FY2022-Q2AdvancedAnnual report
「As a result, sales for the six months ended the second quarter decreased by ¥4,790 million and cost of sales decreased by ¥4,789 million. There was no impact on the opening balance of retained earnings for the current fiscal year.」
The quantitative impact of applying the accounting standard for revenue recognition and related standards from the first quarter was disclosed, with sales for the cumulative period down ¥4,790 million and cost of sales down ¥4,789 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
Beginning this quarter, the Company applied the accounting standard for revenue recognition and related standards, changing the presentation of procurement agency and agent transactions to a net basis, the accounting for transactions involving supplied materials, and the timing of revenue recognition for export transactions. As a result of the application, sales and cost of sales for the quarter each decreased by ¥2,569 million, with no impact on the opening balance of retained earnings.