Dainichiseika Color & Chemicals Mfg. (4116) · InitiativeAdvanced
Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 2 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022-Q3.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Change in Recognition of Tooling Costs and Paid-Supply Transactions Following Adoption of the Revenue Recognition Accounting StandardA theme 16 companies write about · 1 as a headwind · 3 as a tailwind
1 other company's latest entry also says "Advanced".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 16 companies compared. The sentences above are computed from all 16.Full recordFilings, disclosures and news, newest first
- FY2022-Q3AdvancedAnnual report
「As a result, revenue and cost of sales for the nine-month period of the current consolidated fiscal year decreased by ¥33.786 billion each compared with the previous accounting treatment.」
With respect to application of the revenue recognition accounting standard, the company continues to present transactions involving customer-supplied materials net of the processing fee equivalent and disclosed the impact on revenue and cost of sales for the nine-month period as ¥33.786 billion each. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the revenue recognition accounting standard from the beginning of the first quarter of fiscal 2021 and changed transactions involving customer-supplied materials from gross presentation to net presentation of the processing fee equivalent. Revenue and cost of sales each decreased by ¥10.862 billion compared with the previous method.