Adoption of the Revenue Recognition Standard and Related Standards
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
10 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter, net sales increased by ¥20.099 million, cost of sales increased by ¥3.026 million, and operating income, ordinary income and profit before income taxes increased by ¥17.073 million each.」
The impact of applying the revenue recognition accounting standard and related standards to the cumulative third quarter was disclosed in specific terms: net sales increased by ¥20.099 million and operating income and related measures increased by ¥17.073 million. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, net sales increased by ¥13.870 million, cost of sales increased by ¥1.554 million, and operating income, ordinary income and profit before income taxes increased by ¥12.315 million each.」
The impact of applying the revenue recognition accounting standard and related standards to the cumulative quarter was disclosed in specific terms: net sales increased by ¥13.870 million and operating income and related measures increased by ¥12.315 million. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the current first-quarter accounting 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 transfers to the customer.」
The Company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter, changing its accounting treatment to recognize revenue over time and present contract assets.