Adoption of the revenue recognition standard
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2022-Q3Updated cumulative impact of the revenue recognition accounting standardAnnual report
「As a result, for the nine months ended the third quarter, net sales decreased by ¥37,139 million, cost of sales by ¥14,974 million, selling, general and administrative expenses by ¥22,042 million, and non-operating expenses by ¥91 million. Operating income decreased by ¥122 million, while ordinary income and income before income taxes and other adjustments each decreased by ¥30 million. The opening balance of retained earnings also increased by ¥110 million.」
The company disclosed the impact of the revenue recognition accounting standard on net sales, operating income and other items for the nine months ended the third quarter. - FY2022-Q2Disclosure of the impact of the revenue recognition accounting standardAnnual report
「As a result, for the six months ended the second quarter, net sales decreased by ¥23,922 million, cost of sales by ¥9,382 million, selling, general and administrative expenses by ¥14,485 million, and non-operating expenses by ¥57 million. Operating income decreased by ¥54 million, while ordinary income and income before income taxes and other adjustments each increased by ¥3 million.」
The company disclosed the specific impact of the revenue recognition accounting standard, applied from the first quarter, on net sales, operating income and other items for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement 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.」
Beginning in the first quarter of fiscal 2021, the company applied the revenue recognition accounting standard and related standards, changing the accounting treatment for sales incentives and other items and sales transactions involving purchased products. The application reduced net sales for the quarter by ¥1,291 million.