Adoption of the accounting standard for revenue recognition
First written in FY2022-Q1. . Latest entry: FY2022.
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- FY2022Full-year application and impact finalizedAnnual report
「As a result, in the consolidated income statement for the current consolidated fiscal year, sales decreased by ¥32 million, cost of sales decreased by ¥16 million, and operating income, ordinary income and net income before income taxes each decreased by ¥16 million.」
The Revenue Recognition Standard and other standards were applied for the full year, finalizing the impact at a ¥32 million decrease in sales and a ¥16 million decrease in operating income, ordinary income and other items. - FY2022-Q3Impact of applying the Revenue Recognition Standard increased in the cumulative third-quarter periodAnnual report
「As a result, sales decreased by ¥68 million, cost of sales decreased by ¥32 million, and operating income, ordinary income and quarterly net income before income taxes each decreased by ¥35 million during the cumulative third-quarter period.」
The impact of applying the Revenue Recognition Standard and other standards for the cumulative third-quarter period was disclosed. The decrease in sales increased from ¥42 million for the cumulative second-quarter period to ¥68 million, while the decrease in operating income and other items increased from ¥19 million to ¥35 million. - FY2022-Q2Impact of applying the Revenue Recognition Standard increased in the cumulative second-quarter periodAnnual report
「As a result, sales decreased by ¥42 million, cost of sales decreased by ¥23 million, and operating income, ordinary income and quarterly net income before income taxes each decreased by ¥19 million during the cumulative second-quarter period.」
The impact of applying the Revenue Recognition Standard and other standards for the cumulative second-quarter period was disclosed. Sales decreased by ¥42 million, while operating income, ordinary income and other items each decreased by ¥19 million. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter consolidation period. 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. … As a result, sales decreased by ¥4 million, cost of sales decreased by ¥0 million, and operating income, ordinary income and quarterly net income before income taxes each decreased by ¥4 million during the cumulative first-quarter period.」
The Revenue Recognition Standard and other standards were applied from the beginning of the fiscal year, and the method of recognizing revenue from transactions qualifying as repurchase agreements was changed. Sales, operating income, ordinary income and quarterly net income before income taxes each decreased by ¥4 million.