Changes in Revenue Recognition Methods Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
6 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, revenue for the nine-month period ended in the third quarter decreased by ¥235.355 million, cost of sales decreased by ¥41.816 million, and selling, general and administrative expenses decreased by ¥193.538 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes for the quarter.」
The decrease in revenue for the nine-month cumulative period due to the application of the revenue recognition accounting standard was ¥235.355 million, but the Company stated that there was no impact on operating profit, ordinary profit, or profit before income taxes for the quarter. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the six-month period ended in the second quarter decreased by ¥135.305 million, cost of sales decreased by ¥14.374 million, and selling, general and administrative expenses decreased by ¥120.931 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes for the quarter.」
The Company disclosed a ¥135.305 million decrease in revenue for the first-half cumulative period due to the application of the revenue recognition accounting standard, while stating that there was no impact on operating profit, ordinary profit, or profit before income taxes for the quarter. - FY2022-Q1First statedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
Revenue from transactions conducted as an agent was changed to net recognition, revenue recognition for the Group's own sales points was deferred by treating them as performance obligations, and recognition of transactions involving the use of third-party points and coupons was also changed to net recognition. Revenue decreased by ¥58.537 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes for the quarter.