Application of the Accounting Standard for Revenue Recognition and Net Presentation of Transactions as an Agent
First written in FY2022-Q1. 1 of 2 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022-Q3.
5 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, net sales and cost of sales for the cumulative third-quarter period each decreased by ¥87.410 million.」
The company disclosed that, under the Revenue Recognition Standard applied from the first quarter, the net presentation of transactions as an agent reduced net sales and cost of sales for the cumulative third-quarter period by ¥87.410 million each. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other 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 is transferred to the customer. Accordingly, for transactions conducted as an agent among those for which revenue and costs had previously been recognized on a gross basis, revenue is now recognized on a net basis.」
The company applied the Revenue Recognition Standard and other standards from the beginning of the first quarter of the current fiscal year and changed the presentation of revenue from transactions as an agent from gross to net. There was no impact on the opening balance of retained earnings, and the impact on quarterly earnings was deemed immaterial.