Changes in revenue recognition methods following adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
4 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, in the consolidated income statement for the current consolidated fiscal year, net sales decreased by ¥4,777 million, cost of sales decreased by ¥4,760 million, operating profit increased by ¥32 million, and ordinary profit and profit before income taxes increased by ¥35 million each.」
The full-year impact of applying the Accounting Standard for Revenue Recognition was disclosed definitively in terms of the amounts affecting net sales, cost of sales and operating profit, among other items. - FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥3,058 million, cost of sales decreased by ¥3,076 million, operating profit increased by ¥57 million, and ordinary profit and profit before income taxes increased by ¥62 million each.」
The cumulative impact of applying the Accounting Standard for Revenue Recognition was updated, with net sales down ¥3,058 million, cost of sales down ¥3,076 million and operating profit up ¥57 million, among other effects. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales decreased by ¥1,927 million, cost of sales decreased by ¥1,921 million, operating profit increased by ¥31 million, and ordinary profit and profit before income taxes increased by ¥36 million each.」
The cumulative impact of applying the Accounting Standard for Revenue Recognition was quantified through the second quarter, with the effects on net sales, cost of sales and operating profit disclosed. - FY2022-Q1First statedAnnual report
「We 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 consolidated 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 is transferred to the customer. Accordingly, while revenue from domestic sales of products had previously been recognized at shipment, we now recognize revenue when the products arrive at the customer, on the basis that the performance obligation has been satisfied at that point.」
The Accounting Standard for Revenue Recognition was applied from the beginning of the first quarter of fiscal 2021, changing the point at which revenue from domestic product sales is recognized from shipment to arrival at the customer. As a result, net sales decreased by ¥732 million, cost of sales decreased by ¥777 million, and operating profit increased by ¥45 million.