Change in Revenue Presentation Following Adoption of the Revenue Recognition 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, net sales for the cumulative third quarter decreased by ¥2,651 million and cost of sales decreased by ¥2,658 million, while operating income, ordinary income and profit before income taxes each increased by ¥6 million.」
The impact of applying the revenue recognition accounting standard was quantified for the cumulative third quarter as a ¥2,651 million decrease in net sales, a ¥2,658 million decrease in cost of sales and a ¥6 million increase in operating income and related items. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥1,669 million and cost of sales decreased by ¥1,656 million, while operating income, ordinary income and profit before income taxes each decreased by ¥13 million. There was no impact on the beginning balance of retained earnings.」
The impact of applying the revenue recognition accounting standard in the cumulative second quarter was quantified as a ¥1,669 million decrease in net sales, a ¥1,656 million decrease in cost of sales and a ¥13 million decrease in operating income and related items. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. 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. As a result, net sales and cost of sales for the cumulative first quarter decreased by ¥1,147 million each.」
The revenue recognition accounting standard was applied from the beginning of 1 April 2021, resulting in changes to the presentation of agent transactions on a net basis and to revenue recognition based on the satisfaction of performance obligations. As a result, quarterly net sales and cost of sales each decreased by ¥1,147 million.