Adoption of the Revenue Recognition Standard
First written in FY2023-Q1. . Latest entry: FY2023.
6 other companies' latest entry also says "Other".
- FY2023Annual Impact Amount UpdatedAnnual report
「As a result, net sales and selling, general and administrative expenses for the current consolidated fiscal year decreased by ¥89 million each, but there was no impact on operating profit, ordinary profit, loss before income taxes and other adjustments, or retained earnings at the beginning of the fiscal year.」
The company explained that annual application of the Revenue Recognition Standard reduced net sales and selling, general and administrative expenses by ¥89 million each, but had no impact on profit or retained earnings at the beginning of the fiscal year. - FY2023-Q3Cumulative update to the impact of adoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative third quarter of the current consolidated fiscal year decreased by ¥67 million each, but there was no impact on operating profit, ordinary profit, profit before income taxes and other adjustments, or retained earnings at the beginning of the fiscal year.」
The cumulative-period presentation impact of applying the Revenue Recognition Standard was updated to a ¥67 million decrease each in net sales and selling, general and administrative expenses. There continues to be no impact on profit. - FY2023-Q2Update on the Impact of AdoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative second quarter of the current consolidated fiscal year decreased by ¥36 million each, but there was no impact on operating profit, ordinary profit, profit before income taxes and other adjustments, or retained earnings at the beginning of the fiscal year.」
The company explained that, as a cumulative-period presentation impact from applying the Revenue Recognition Standard, net sales and selling, general and administrative expenses each decreased by ¥36 million, while there was no impact on profit. - FY2023-Q1First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were 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.」
The Revenue Recognition Standard and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Although net sales and selling, general and administrative expenses each decreased by ¥13 million, there was no impact on operating profit, ordinary profit, profit before income taxes and other adjustments, or retained earnings at the beginning of the fiscal year.