Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
80 other companies' latest entry also says "Other".
- FY2022-Q3Updated cumulative third-quarter impact of adoptionAnnual report
「As a result, during the cumulative third-quarter consolidated accounting period, net sales decreased by ¥13,333 million, cost of sales decreased by ¥13,326 million, and operating income, ordinary income and profit before income taxes and other adjustments for the quarter each increased by ¥28 million.」
The company disclosed the cumulative third-quarter impact of the Revenue Recognition Accounting Standard as a ¥13.333 billion decrease in net sales and a ¥28 million increase in operating income and other items. - FY2022-Q2Disclosure of the cumulative second-quarter impact of applicationAnnual report
「As a result, during the cumulative second-quarter consolidated accounting period, net sales decreased by ¥9,031 million, cost of sales decreased by ¥9,008 million, and operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥45 million.」
The company disclosed the cumulative second-quarter impact of applying the Revenue Recognition Accounting Standard as a ¥9.031 billion decrease in net sales and a ¥45 million decrease in operating income and other items. - 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 relevant standards have been applied from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The Revenue Recognition Accounting Standard and other relevant standards were applied from 1 April 2021. Net sales decreased by ¥3.243 billion, while operating income, ordinary income and profit before income taxes and other adjustments for the quarter each increased by ¥16 million.