Adoption of the revenue recognition standard and changes in revenue recognition methods
First written in FY2022-Q1. . Latest entry: FY2022.
2 other companies' latest entry also says "Other".
- FY2022Update to the full-year impact of applying the revenue recognition accounting standardAnnual report
「As a result, compared with before applying the Accounting Standard for Revenue Recognition and related standards, revenue for the current consolidated fiscal year decreased by ¥60.778 million, selling, general and administrative expenses decreased by ¥35.968 million, and operating income, ordinary income and income before income taxes decreased by ¥24.809 million each.」
The company finalised its update of the impact of applying the revenue recognition accounting standard for the full fiscal year on revenue, SG&A expenses, operating profit and other measures. - FY2022-Q3Updated third-quarter cumulative impact of the revenue recognition accounting standardAnnual report
「As a result, revenue for the nine months ended the third quarter decreased by ¥37,015 thousand, selling, general and administrative expenses decreased by ¥30,459 thousand, and operating profit, ordinary profit and profit before income taxes decreased by ¥6,556 thousand each. Advances received increased by ¥456,145 thousand, while the opening balance of retained earnings for the fiscal year decreased by ¥321,542 thousand.」
The company updated the impact of the revenue recognition accounting standard, applied from the start of the first quarter, on revenue, SG&A expenses, profit, advances received and retained earnings for the nine months ended the third quarter. - FY2022-Q2Updated impact of adopting the revenue recognition accounting standardAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥4,478 thousand, selling, general and administrative expenses decreased by ¥12,873 thousand, and operating profit, ordinary profit and profit before income taxes increased by ¥8,395 thousand each.」
The company updated the impact of the revenue recognition accounting standard, applied from the start of the first quarter, on revenue, SG&A expenses and profit for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) from the beginning of the first quarter of the current 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.」
Beginning at the start of the current first-quarter consolidated accounting period, the company applied the revenue recognition accounting standard and changed to a method of recognising key money, renewal fees and administrative fees over the lease term. As a result of the application, revenue decreased by ¥1,374 thousand, operating profit and other measures increased by ¥7,021 thousand, advances received increased by ¥442,292 thousand, and the opening balance of retained earnings decreased by ¥321,542 thousand.