Changes in Revenue Recognition following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, revenue for the consolidated fiscal year increased by ¥33.586 million, while operating loss, ordinary loss and loss before income taxes decreased by ¥33.586 million, respectively. The balance of retained earnings at the beginning of the current fiscal year also decreased by ¥64.231 million.」
The impact of applying the revenue recognition accounting standard for the full-year cumulative period was disclosed definitively as a ¥33.586 million increase in revenue and other items and a ¥64.231 million decrease in the opening balance of retained earnings. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the nine-month period ended the third quarter increased by ¥48.326 million, while operating loss, ordinary loss and loss before income taxes decreased by ¥48.326 million, respectively. The balance of retained earnings at the beginning of the current fiscal year also decreased by ¥64.231 million.」
The impact of applying the revenue recognition accounting standard on the nine-month cumulative period was updated to a ¥48.326 million increase in revenue and a ¥64.231 million decrease in the opening balance of retained earnings. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the six-month period ended the second quarter increased by ¥42.674 million, while operating profit, ordinary profit and profit before income taxes increased by ¥42.674 million, respectively. The balance of retained earnings at the beginning of the current fiscal year also decreased by ¥64.231 million.」
The impact of the revenue recognition accounting standard applied from the first quarter on the six-month period was quantified as a ¥42.674 million increase in revenue and other items and a ¥64.231 million decrease in retained earnings at the beginning of the period. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related 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 transfers to the customer.」
We applied the revenue recognition accounting standard and related standards from the beginning of the first quarter, changing to a method under which revenue from the initial development, additional development and provision of EMAP and SMAP is recognized over the contract period as a single performance obligation. As a result of the application, revenue and other items for the quarter increased by ¥38.912 million, while retained earnings at the beginning of the period decreased by ¥64.231 million.