Application of the Revenue Recognition Accounting Standard and Net Presentation of Revenue
First written in FY2022-Q1. . Latest entry: FY2022.
10 other companies' latest entry also says "Other".
- FY2022Update to the Impact of Applying the Accounting Standard for the Fiscal YearAnnual report
「As a result, compared with before application of the revenue recognition standards and related standards, the consolidated statement of income for the current consolidated fiscal year showed decreases of ¥4,273.532 million in revenue, ¥4,005.938 million in cost of sales and ¥20.979 million in selling, general and administrative expenses. Operating profit decreased by ¥246.613 million, while ordinary profit and profit before income taxes decreased by ¥245.408 million each.」
The Company disclosed the impact of applying the revenue recognition standards on full-year revenue, operating profit and other items. - FY2022-Q3Update to the Impact of Applying the Accounting StandardAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, revenue decreased by ¥3,102.973 million, cost of sales decreased by ¥2,904.766 million, selling, general and administrative expenses decreased by ¥17.011 million, and operating profit decreased by ¥181.195 million. Ordinary profit and profit before income taxes decreased by ¥180.035 million each. In addition, the beginning balance of retained earnings increased by ¥143.399 million.」
The Company updated the impact of applying the revenue recognition standards for the nine months ended the third quarter. It also changed the allocation of the transaction price for equipment installation revenue and line usage fee revenue in 5G Homestyle based on the ratio of stand-alone selling prices. - FY2022-Q2Update to the Impact of Applying the Accounting StandardAnnual report
「As a result, for the six months ended the second quarter of the current consolidated fiscal year, revenue decreased by ¥2,122.716 million, cost of sales decreased by ¥1,981.618 million, selling, general and administrative expenses decreased by ¥8.657 million, and non-operating income increased by ¥0.977 million. Operating profit decreased by ¥132.440 million, while ordinary profit and profit before income taxes decreased by ¥131.463 million each.」
The Company additionally disclosed the impact of applying the revenue recognition standards for the six months ended the second quarter. Revenue decreased by ¥2,122.716 million and operating profit decreased by ¥132.440 million. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year and began recognizing revenue at the point when 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 main change is that, for certain transactions involving communications-related services in the 5G infrastructure support business and advertising-related services in the enterprise and creator 5G DX support business, the Company was deemed to be acting as an agent. Accordingly, revenue is now recognized on a net basis, after deducting amounts paid to suppliers from amounts received from customers.」
The Company applied the revenue recognition standards from the beginning of the current quarter and changed the presentation of certain communications-related and advertising-related services to a net basis. As a result of the application, revenue decreased by ¥1,017.539 million and operating profit decreased by ¥77.454 million for the current quarter.