Changes in the Presentation of Net Sales and Expenses Following the Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q2. . Latest entry: FY2022.
6 other companies' latest entry also says "Other".
- FY2022Full-year update to the impact of applying accounting standardsAnnual report
「As a result, for the fiscal year, revenue will decrease by ¥330.711 million, selling, general and administrative expenses by ¥326.945 million, and cost of sales by ¥3.765 million, with no impact on operating profit, ordinary profit or profit before income taxes for the year.」
The presentation reductions resulting from adoption of the Revenue Recognition Standard were updated for the full year. Revenue and other reported items will decrease, but there will be no impact on operating profit or other profit measures. - FY2022-Q3Cumulative update of the impact of applying the accounting standardAnnual report
「As a result, for the cumulative third-quarter period, revenue will decrease by ¥253.521 million, selling, general and administrative expenses by ¥250.703 million, and cost of sales by ¥2.818 million, with no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
Following adoption of the Revenue Recognition Standard, the presentation reductions for the cumulative third-quarter period were ¥253.521 million in revenue, ¥250.703 million in selling, general and administrative expenses, and ¥2.818 million in cost of sales. There was no impact on profit. - FY2022-Q2First statedAnnual report
「The company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized 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. As a result, some freight and other ancillary costs previously recorded in selling, general and administrative expenses and cost of sales have been deducted from revenue.」
The company adopted the Revenue Recognition Standard and related standards from 1 April 2021 and changed its presentation to deduct some freight and other ancillary costs from revenue. For the cumulative second-quarter period, revenue decreased by ¥168.778 million, selling, general and administrative expenses by ¥166.845 million, and cost of sales by ¥1.932 million, with no impact on operating profit or other profit measures.