Decrease in Reported Revenue Due to Adoption of the Revenue Recognition Standard
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2022.
11 other companies' latest entry also says "Other".
- FY2022Full-year impact of the revenue recognition standard disclosedAnnual report
「As a result, compared with the previous method, revenue in the wholesale segment decreased by ¥5,339.256 million and segment assets decreased by ¥626.505 million for the current consolidated fiscal year.」
The company continued to apply the Revenue Recognition Accounting Standard and disclosed the full-year impact, with revenue in the wholesale segment down ¥5,339.256 million and segment assets down ¥626.505 million compared with the previous method. - FY2022-Q3RestatedAnnual report
「For the nine-month period ended [current period], the change in accounting policy reduced revenue in the wholesale segment by ¥4,092.181 million and increased segment profit by ¥7.681 million.」
The company continued to apply the Revenue Recognition Accounting Standard and present transactions in which it acts as an agent on a net basis. For the nine months ended [current period], revenue in the wholesale segment decreased by ¥4,092.181 million and segment profit increased by ¥7.681 million. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. Revenue is now recognised 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, for transactions in which the Company's role qualifies it as an agent, revenue is recognised on a net basis after deducting the amount paid to suppliers of goods from the amount received from customers.」
The adoption of the Revenue Recognition Accounting Standard and net presentation of transactions in which the company acts as an agent continued this quarter. For the six months ended [current period], revenue in the wholesale segment decreased by ¥2,654.941 million and segment profit increased by ¥5.101 million under the standard. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. Revenue is now recognised 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, for transactions in which the Company's role qualifies it as an agent, revenue is recognised on a net basis after deducting the amount paid to suppliers of goods from the amount received from customers.」
The Revenue Recognition Accounting Standard was actually adopted from the beginning of 1 April 2021, and transactions in which the company acts as an agent were changed to net presentation. Revenue in the wholesale segment decreased by ¥1,331.825 million in the quarter compared with the previous method. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition will apply from the beginning of fiscal 2021, and our forecasts have been prepared in accordance with that standard. The main impact is an expected decrease of ¥4,080 million–¥6,800 million from the previous presentation method, as revenue from transactions in which the company acts as an agent, including account-settlement transactions, will be presented on a net rather than gross basis.」
The revenue recognition standard was adopted from the beginning of the fiscal year ending March 2022. By changing revenue from transactions in which the company acts as an agent from gross to net presentation, reported revenue is expected to decrease by ¥4,080 million–¥6,800 million compared with the previous standard.