Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
3 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, for the fiscal year, sales decreased by ¥1,178 million and cost of sales by ¥1,187 million, while operating profit, ordinary profit and profit before income taxes increased by ¥9 million.」
The company applied the revenue recognition standard and related standards for the full fiscal year for the first time and quantified the impact as a ¥1,178 million decrease in sales, a ¥1,187 million decrease in cost of sales and a ¥9 million increase in profit. - FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended ... , sales decreased by ¥164 million, cost of sales by ¥253 million, and operating loss, ordinary loss and loss before income taxes by ¥89 million.」
The company continued applying the revenue recognition standard and related standards from the beginning of the first quarter and quantified their impact on the nine months ended ... as a ¥164 million decrease in sales, a ¥253 million decrease in cost of sales and an ¥89 million decrease in operating loss and other losses. - FY2022-Q2AdvancedAnnual report
「The company has applied the revenue recognition standard and related standards from the beginning of the first quarter of the current consolidated fiscal year in accordance with the transitional treatment, affecting its financial position and operating results. As a result, for the six months ended ... , sales decreased by ¥196 million, cost of sales by ¥239 million, and operating loss, ordinary loss and loss before income taxes by ¥42 million.」
The company continued applying the revenue recognition standard from the beginning of the first quarter and quantified its impact on the six months ended ... as a ¥196 million decrease in sales, a ¥239 million decrease in cost of sales and a ¥42 million decrease in operating loss and other losses. - FY2022-Q1First statedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company applied the revenue recognition standard and related standards from the beginning of the first quarter, recognising revenue for performance obligations satisfied over time based on progress and presenting agent transactions on a net basis. The application reduced sales by ¥44 million, cost of sales by ¥81 million, and operating loss, ordinary loss and other losses by ¥37 million.