Adoption of the Accounting Standard for Revenue Recognition
First written in FY2023-Q1. 3 of 5 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026-H1.
1 other company's latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「The “Accounting Standard for Current Income Taxes, Business Taxes and Other Taxes” (ASBJ Statement No. 27, 28 October 2022, hereinafter the “2022 Revised Accounting Standard”) and other standards have been applied from the beginning of the current interim consolidated accounting period.」
The company applied the tax-effect accounting standards and other related standards, which it had stated in the previous fiscal year were scheduled to apply from the fiscal year ending February 2026, from the beginning of the current interim consolidated accounting period. It states that there was no impact on the interim consolidated financial statements. - FY2023AdvancedAnnual report
「As a result, sales for the consolidated fiscal year decreased by ¥562 million, gross profit decreased by ¥84 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥23 million each. Retained earnings at the beginning of the fiscal year also decreased by ¥203 million.」
The company presented the impact of applying the Revenue Recognition Accounting Standard on full-year financial figures, reflecting on a full-year basis the net presentation of transactions conducted as an agent, expected returns and points recorded as contract liabilities. - FY2023-Q3AdvancedAnnual report
「As a result, sales for the cumulative third quarter decreased by ¥542 million, net gross profit decreased by ¥59 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥13 million each. Retained earnings at the beginning of the fiscal year also decreased by ¥203 million.」
The impact of applying the Revenue Recognition Accounting Standard was quantified for the cumulative third quarter, resulting in decreases of ¥542 million in sales, ¥59 million in net gross profit, and ¥13 million in operating profit and other items. - FY2023-Q2AdvancedAnnual report
「As a result, sales for the cumulative second quarter decreased by ¥336 million, net gross profit decreased by ¥39 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥18 million each. Retained earnings at the beginning of the fiscal year also decreased by ¥203 million.」
The impact of the Revenue Recognition Accounting Standard, applied from the first quarter, was quantified for the cumulative second quarter, showing decreases of ¥336 million in sales, ¥39 million in net gross profit, and ¥18 million in operating profit and other items. - FY2023-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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 amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company changed its revenue recognition methods, including recording transactions conducted as an agent on a net basis, not recognizing the portion expected to be returned, and recording points as contract liabilities. As a result of applying the changes, quarterly sales decreased by ¥215 million, net gross profit by ¥21 million, operating profit and other items by ¥4 million, and retained earnings at the beginning of the fiscal year by ¥203 million.