Net Presentation Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
5 other companies' latest entry also says "Other".
- FY2022-Q3Updated the cumulative impact of applying the Accounting Standard for Revenue RecognitionAnnual report
「As a result, for the cumulative third-quarter consolidated accounting period, sales decreased by ¥13,196.007 million, cost of sales decreased by ¥12,976.144 million, and selling, general and administrative expenses decreased by ¥219.010 million. The opening balance of retained earnings also increased by ¥852 thousand.」
The company updated the cumulative third-quarter impact of applying the revenue recognition accounting standards and disclosed the respective decreases in sales, cost of sales and selling, general and administrative expenses. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second-quarter consolidated accounting period, sales decreased by ¥8,383.708 million, cost of sales decreased by ¥8,257.435 million, and selling, general and administrative expenses decreased by ¥125.421 million. The opening balance of retained earnings also increased by ¥852 thousand.」
The company disclosed the specific impact of applying the revenue recognition accounting standard, including cumulative second-quarter decreases of ¥8,383.708 million in sales, ¥8,257.435 million in cost of sales and ¥125.421 million in selling, general and administrative expenses. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
For agency transactions, we changed from gross presentation to net presentation after deducting payments to suppliers, and changed the accounting treatment for our proprietary points program from recognizing a provision for points to recognizing a contract liability. As a result of applying these changes, quarterly sales decreased by ¥4,344.692 million, cost of sales decreased by ¥4,268.883 million, and selling, general and administrative expenses decreased by ¥74.956 million.