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VALUENEX Japan (4422) · InitiativeUpdated the Full-Year Impact of Adoption

Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending July 2022

First written in FY2019. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.

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ProgressHeldSoftenedWorseFirst statedFY2019AchievedFY2022-Q1OtherFY2022-Q3 – FY20222019: 120192020: 020202021: 120212022: 22022
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Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 366 companies write about · 218 as a headwind · 11 as a tailwind

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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 366 threads.
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  1. FY2022Updated the Full-Year Impact of AdoptionAnnual report

    「As a result, revenue and cost of sales for the consolidated fiscal year decreased by ¥1,377 thousand, but there was no impact on profit or loss.」

    Application of the revenue recognition accounting standard had been completed. For the full year, revenue and cost of sales decreased by ¥1,377 thousand, but there was no impact on profit or loss.
  2. FY2022-Q3Updated the impact of applicationAnnual report

    「As a result, revenue and cost of sales for the nine months ended the third quarter under review decreased by ¥969 thousand, but there was no impact on profit or loss.」

    It was stated that, following application of the revenue recognition accounting standard, revenue and cost of sales for the nine-month period ended the third quarter decreased by ¥969 thousand, with no impact on profit or loss.
  3. FY2022-Q1AchievedAnnual report

    「The Accounting Standard for Revenue Recognition and related standards were applied 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 revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending July 2022, was applied from the beginning of the first quarter under review. Revenue and cost of sales from certain transactions decreased by ¥238 thousand, but there was no impact on profit or loss.
  4. FY2019First statedAnnual report

    「The standard was scheduled to be applied from the beginning of the fiscal year ending July 2022.」

    The Company planned to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending July 2022, and was assessing the impact on the financial statements.
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Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending July 2022 | VALUENEX Japan Inc. (4422) | Komori