Change in Revenue Recognition Method Due to the Application of the Revenue Recognition Accounting Standard and Other Standards
First written in FY2022-Q1. 1 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
0 other companies' latest entry also says "Other".
- FY2022Full-year impact finalizedAnnual report
「As a result, compared with before application of the Revenue Recognition Standard, the consolidated statement of income for the current consolidated fiscal year shows a ¥22,730 million decrease in net sales, a ¥22,807 million decrease in cost of sales, and a ¥77 million increase each in operating profit, ordinary profit, and profit before income taxes.」
The full-year impact of applying the Revenue Recognition Standard was disclosed definitively, showing decreases in net sales and cost of sales and a ¥77 million increase in profit. - FY2022-Q3Cumulative third-quarter impact updatedAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥12,648 million, cost of sales decreased by ¥15,710 million, and operating profit, ordinary profit, and profit before income taxes increased by ¥3,062 million each. The decreases in net sales and cost of sales include a ¥16,369 million decrease from transactions in which we act as an agent and a ¥659 million increase under the cost recovery method. The beginning balance of retained earnings also decreased by ¥1,548 million.」
The application of the Revenue Recognition Standard and other relevant standards continued, with the impact on net sales, cost of sales, profit, and retained earnings for the nine months ended the third quarter updated and disclosed. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended the second quarter of the current consolidated fiscal year, net sales decreased by ¥10,917 million, cost of sales decreased by ¥10,041 million, and operating profit, ordinary profit, and profit before income taxes decreased by ¥875 million each. The beginning balance of retained earnings also decreased by ¥1,548 million.」
The impact of applying the Revenue Recognition Standard and other relevant standards for the six months ended the second quarter was disclosed, showing a ¥10,917 million decrease in net sales and a ¥875 million decrease in operating profit and other items. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
We applied the Revenue Recognition Standard and other relevant standards from 1 April 2021 and changed the accounting treatment for matters including net presentation of transactions in which we act as an agent, estimates of variable consideration, and the timing and period of recognition of licence revenue. As a result of the application, first-quarter net sales decreased by ¥3,489 million, while operating profit, ordinary profit, and profit before income taxes increased by ¥1,229 million each.