Application of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
13 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, revenue and cost of sales for the fiscal year under review decreased by ¥415 million, but there was no impact on operating profit, ordinary profit, profit before income taxes for the fiscal year or retained earnings brought forward at the beginning of the fiscal year under review.」
The impact of applying the revenue recognition accounting standard for the full fiscal year on revenue and cost of sales was disclosed as a ¥415 million decrease, indicating that there was no impact on profit. - FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative third-quarter period decreased by ¥262 million, but there was no impact on profit before income taxes for the quarter or the opening balance of retained earnings for the current fiscal year.」
The impact of applying the revenue recognition accounting standard on revenue and cost of sales for the cumulative period was disclosed as a ¥262 million decrease, reconfirming that there was no impact on profit before income taxes for the quarter or the opening balance of retained earnings. - FY2022-Q2AdvancedAnnual report
「As a result, revenue and cost of sales for the cumulative second-quarter period decreased by ¥197 million, but there was no impact on profit before income taxes for the quarter or the opening balance of retained earnings for the current fiscal year.」
The impact of applying the revenue recognition accounting standard in the cumulative second-quarter period was specified as a ¥197 million decrease in revenue and cost of sales, with no impact on profit before income taxes for the quarter or the opening balance of retained earnings disclosed. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020) and related standards from the beginning of the first quarter, and began recognizing revenue at the time control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The revenue recognition accounting standard and related standards were applied from the beginning of the fiscal year, and the method of revenue recognition was changed so that the percentage-of-completion method is applied to contracts in which performance obligations are satisfied over a period of time, while the cost recovery method is applied when the degree of progress cannot be reasonably estimated. For the cumulative first-quarter period, revenue and cost of sales decreased by ¥98 million, but there was no impact on profit before income taxes for the quarter or the opening balance of retained earnings.