Adoption of the Revenue Recognition Accounting Standard and Change in Revenue Presentation
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Consequently, revenue for the fiscal year decreased by ¥731 million, cost of sales decreased by ¥713 million, and selling, general and administrative expenses decreased by ¥41 million. Operating income, ordinary income and profit before income taxes for the year each increased by ¥23 million.」
The revenue recognition accounting standard was reflected for the full fiscal year. Revenue decreased by ¥731 million, while operating income and other income measures increased by ¥23 million. - FY2022-Q3AdvancedAnnual report
「Consequently, revenue for the third quarter decreased by ¥553 million, cost of sales decreased by ¥540 million, and selling, general and administrative expenses decreased by ¥34 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥21 million, while profit for the quarter increased by ¥14 million.」
The adoption of the revenue recognition accounting standard continued. In the third quarter, revenue decreased by ¥553 million, while operating income and other income measures increased by ¥21 million and profit for the quarter increased by ¥14 million. - FY2022-Q2AdvancedAnnual report
「As a result of adopting the accounting standards and other guidance on revenue recognition from the first quarter of the current fiscal year, primarily for certain transactions involving internet connection services, revenue was changed from a gross to a net presentation. Cash-back payments and similar items were also deducted from the transaction price and allocated over the contract term. Consequently, revenue for the second quarter decreased by ¥372 million, cost of sales decreased by ¥364 million, and selling, general and administrative expenses decreased by ¥22 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥13 million, while profit for the quarter increased by ¥9 million.」
The adoption of the revenue recognition accounting standard continued. In the second quarter, revenue decreased by ¥372 million, while operating income and other income measures increased by ¥13 million and profit for the quarter increased by ¥9 million. - FY2022-Q1First statedAnnual report
「From the first quarter of the current fiscal year, the Company adopted the accounting standards and other guidance on revenue recognition. As a result, primarily for certain transactions involving internet connection service revenue, revenue was changed from a gross to a net presentation. Cash-back payments and similar items were also deducted from the transaction price and allocated over the contract term. Consequently, revenue for the first quarter decreased by ¥190 million, cost of sales decreased by ¥184 million, and selling, general and administrative expenses decreased by ¥13 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥8 million, while profit for the quarter increased by ¥5 million.」
The accounting standards and other guidance on revenue recognition were adopted from the first quarter of the fiscal year ending March 2022. Certain ISP revenue was changed from gross to net presentation, while cash-back payments and similar items were deducted from the transaction price and allocated over the contract term. As a result, revenue decreased by ¥190 million, while operating income and other income measures increased by ¥8 million.