Application of the Topic 606 Revenue Recognition Standard at Overseas Consolidated Subsidiaries
First written in FY2020-Q1. . Latest entry: FY2021-Q3.
3 other companies' latest entry also says "Other".
- FY2021-Q3Update to the estimated impact of adoptionAnnual report
「Following the application of Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), issued by the Financial Accounting Standards Board (FASB), from the first-quarter consolidated accounting period, the company changed its accounting treatment for revenue recognition and accordingly changed the method of measuring reportable segment profit or loss. As a result, sales in the Americas for the cumulative third-quarter consolidated period decreased by ¥1,219.362 million compared with the previous method. There was no impact on segment profit.」
The company updated the decrease in sales in the Americas resulting from the change in presentation for transactions involving customer-supplied materials and other transactions following the application of Topic 606 to ¥1,219.362 million for the cumulative third-quarter period. - FY2020Annual update on the impact of adoptionAnnual report
「As a result, both “sales” and “cost of sales” decreased by ¥1,565.165 million.」
The company continued applying Topic 606 and updated the cumulative annual decrease in sales and cost of sales resulting from the change in presentation for transactions involving customer-supplied materials to ¥1,565.165 million. - FY2020-Q3Update to the estimated impact of adoptionAnnual report
「As a result, both “sales” and “cost of sales” decreased by ¥1,219.362 million.」
The company continued applying Topic 606 and updated the decrease in sales and cost of sales resulting from the change in presentation for transactions involving customer-supplied materials to ¥1,219.362 million. - FY2020-Q2Update to the estimated impact of adoptionAnnual report
「Certain foreign consolidated subsidiaries have applied Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), issued by the Financial Accounting Standards Board (FASB), from the first-quarter consolidated accounting period. As a result, both “sales” and “cost of sales” decreased by ¥845.584 million.」
The company continued applying Topic 606 and updated the decrease in sales and cost of sales resulting from the change in presentation for transactions involving customer-supplied materials to ¥845.584 million. - FY2020-Q1First statedAnnual report
「Certain foreign consolidated subsidiaries have applied Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), issued by the Financial Accounting Standards Board (FASB), from the current first-quarter consolidated accounting period. As a result, both “sales” and “cost of sales” decreased by ¥445.152 million.」
Certain foreign consolidated subsidiaries began applying Topic 606 from the current first-quarter consolidated accounting period. Due to the change in presentation for transactions involving customer-supplied materials, sales and cost of sales each decreased by ¥445.152 million, and the presentation of inventories was also changed.