Application of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
4 other companies' latest entry also says "Other".
- FY2022-Q3Updated cumulative third-quarter impact of adoptionAnnual report
「As a result, revenue for the cumulative period of the third quarter of the current fiscal year decreased by ¥667 million and cost of sales decreased by ¥663 million, resulting in decreases of ¥3 million each in operating income, ordinary income and profit before income taxes for the quarter. The balance of retained earnings at the beginning of the fiscal year also decreased by ¥40 million.」
As the impact of applying the revenue recognition accounting standard for the cumulative period of the third quarter, revenue decreased by ¥667 million, cost of sales decreased by ¥663 million, and operating income, ordinary income and profit before income taxes each decreased by ¥3 million. - FY2022-Q2Updated the impact of application for the cumulative period of the second quarterAnnual report
「As a result, revenue for the cumulative period of the second quarter of the current fiscal year decreased by ¥430 million and cost of sales decreased by ¥428 million, resulting in decreases of ¥1 million each in operating income, ordinary income and profit before income taxes for the quarter. The balance of retained earnings at the beginning of the fiscal year also decreased by ¥40 million.」
Regarding application of the revenue recognition accounting standard, the Company disclosed that revenue for the cumulative period of the second quarter decreased by ¥430 million, cost of sales decreased by ¥428 million, operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥1 million, and retained earnings at the beginning of the fiscal year decreased by ¥40 million. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first-quarter accounting period of the current fiscal year, and recognizes revenue 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, revenue for the cumulative period of the first quarter of the current fiscal year decreased by ¥227 million and cost of sales decreased by ¥225 million, resulting in decreases of ¥1 million each in operating income, ordinary income and profit before income taxes for the quarter. The balance of retained earnings at the beginning of the fiscal year also decreased by ¥40 million.」
The Company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first-quarter accounting period of FY2022. The revenue recognition method was changed, resulting in decreases of ¥227 million in revenue and ¥225 million in cost of sales during the cumulative period of the first quarter of the current fiscal year, decreases of ¥1 million each in operating income, ordinary income and profit before income taxes for the quarter, and a ¥40 million decrease in retained earnings at the beginning of the fiscal year.