Decrease in Retained Earnings Due to Application of the Accounting Standard for Revenue Recognition
First written in FY2023-Q1. . Latest entry: FY2023.
83 other companies' latest entry also says "Other".
- FY2023Updated with full-year impactAnnual report
「For the fiscal year, net sales decreased by ¥54.719 million and cost of sales increased by ¥144.368 million, while selling, general and administrative expenses and operating income, ordinary income and income before income taxes decreased by ¥158.868 million and ¥40.219 million, respectively.」
Updated the full-year impact of applying the revenue recognition accounting standards and related standards on net sales, cost of sales, selling, general and administrative expenses and profit. - FY2023-Q3Impact amount for the 9-month period updatedAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥68.434 million and cost of sales increased by ¥102.881 million for the 9-month period ended in the third quarter, while selling, general and administrative expenses and operating income, ordinary income and income before income taxes decreased by ¥120.481 million and ¥50.834 million, respectively. The opening balance of retained earnings also decreased by ¥137.780 million.」
Updated the impact of applying the revenue recognition accounting standards and related standards on amounts presented and profit for the 9-month period ended in the third quarter, as well as the decrease in the opening balance of retained earnings. - FY2023-Q2Impact amount for the 6-month period updatedAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥9.457 million and cost of sales increased by ¥56.965 million for the 6-month period ended in the second quarter, while selling, general and administrative expenses and operating income, ordinary income and income before income taxes decreased by ¥59.665 million and ¥6.757 million, respectively. The opening balance of retained earnings also decreased by ¥137.780 million.」
Updated the impact of applying the revenue recognition accounting standards and related standards on amounts presented and profit for the 6-month period ended in the second quarter, as well as the decrease in the opening balance of retained earnings. - FY2023-Q1First statedAnnual report
「As a result, compared with the previous accounting treatment, net sales increased by ¥734,000 and cost of sales increased by ¥56.560 million for the 3-month period ended in the first quarter, while selling, general and administrative expenses decreased by ¥56.660 million and operating loss, ordinary loss and loss before income taxes decreased by ¥834,000, respectively. The opening balance of retained earnings also decreased by ¥137.780 million.」
Application of the revenue recognition accounting standards and related standards changed the amounts presented for net sales, cost of sales and selling, general and administrative expenses, and decreased the opening balance of retained earnings by ¥137.780 million.