Adoption of the revenue recognition standard
First written in FY2023-Q1. . Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2023-Q3Third-Quarter Impact of the Revenue Recognition Standard UpdatedAnnual report
「As a result, during the cumulative third-quarter period, revenue decreased by ¥277 million and cost of sales decreased by ¥283 million, while operating income, ordinary income and profit before income taxes increased by ¥5 million each.」
The company updated the cumulative third-quarter impact of applying the revenue recognition accounting standard, disclosing a ¥277 million decrease in revenue, a ¥283 million decrease in cost of sales and a ¥5 million increase in profit. - FY2023-Q2Updated impact of the revenue recognition accounting standardAnnual report
「As a result, during the cumulative second-quarter period, revenue decreased by ¥280 million and cost of sales decreased by ¥283 million, while operating income, ordinary income and profit before income taxes increased by ¥3 million each.」
The company updated the cumulative second-quarter impact of applying the revenue recognition accounting standard, disclosing a ¥280 million decrease in revenue, a ¥283 million decrease in cost of sales and a ¥3 million increase in profit. - 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.」
Changed to defer revenue recognition for paid points and to measure revenue from publications with return rights after deducting expected refunds. The adoption reduced sales by ¥274 million and cost of sales by ¥276 million, while increasing operating profit and other profit measures by ¥1 million for the first nine months.