Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. . Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Update to factors affecting year-on-year comparisonsAnnual report
「In terms of profit and loss, the company has been affected by the disappearance, during the cumulative consolidated period under review, of the impact of the increase in sales and profit recognized in the same period of the previous year due to the application of revenue recognition accounting standards and other standards from the beginning of the previous consolidated fiscal year, as well as by the trend toward a weaker yen.」
The company stated that, while the comparative impact of the increase in sales and profit in the previous corresponding period due to the revenue recognition accounting standards and other relevant standards was no longer present in the cumulative current-quarter results, they were affected by the trend toward a weaker yen. - FY2023-Q2Change in impact on year-on-year comparisonAnnual report
「In terms of profit and loss, the company has been affected by the disappearance, during the cumulative consolidated period under review, of the impact of the increase in sales and profit recognized in the same period of the previous year due to the application of revenue recognition accounting standards and other standards from the beginning of the previous consolidated fiscal year, as well as by the trend toward a weaker yen.」
The company stated that, while the comparative impact of the increase in sales and profit arising in the previous corresponding period from the revenue recognition accounting standards and other relevant standards was no longer present in the cumulative current-quarter results, they were affected by the trend toward a weaker yen. - FY2023-Q1Description of the impact of application on first-quarter resultsAnnual report
「In terms of profit and loss, the company has been affected by the impact of the increase in sales and profit recognized in the same period of the previous year due to the application of revenue recognition accounting standards and other standards from the beginning of the previous consolidated fiscal year, as well as by the weaker yen.」
The company stated that the increase in sales and profit recorded in the previous corresponding period due to the application of the revenue recognition accounting standards and other relevant standards affected the year-on-year comparison for the current quarter. - FY2022Finalized Full-Year Impact of AdoptionAnnual report
「As a result, net sales and cost of sales for the current consolidated fiscal year decreased by ¥481.759 million, but there was no impact on operating income, ordinary income or net income before taxes and other adjustments. There was also no impact on the balance of retained earnings at the beginning of the fiscal year.」
The company disclosed that the revenue recognition accounting standards and other relevant standards were applied for the full fiscal year, resulting in a ¥481.759 million decrease in net sales and cost of sales, but having no impact on operating income or other income measures or on retained earnings at the beginning of the fiscal year. - FY2022-Q3Update on the Impact of AdoptionAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥460.767 million, but there was no impact on operating income, ordinary income or quarterly net income before taxes and other adjustments. There was also no impact on the balance of retained earnings at the beginning of the fiscal year.」
The company disclosed that, due to the application of the revenue recognition accounting standards and other relevant standards, cumulative third-quarter net sales and cost of sales decreased by ¥460.767 million, but there was no impact on operating income or other income measures or on retained earnings at the beginning of the fiscal year. - FY2022-Q2Update on the Impact of AdoptionAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥513.207 million, but there was no impact on operating income, ordinary income or quarterly net income before taxes and other adjustments. There was also no impact on the balance of retained earnings at the beginning of the fiscal year.」
The company disclosed that, due to the application of the revenue recognition accounting standards and other relevant standards, cumulative second-quarter net sales and cost of sales decreased by ¥513.207 million, but there was no impact on operating income or other income measures or on retained earnings at the beginning of the fiscal year. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standards and other relevant standards were applied from the beginning of the first quarter of the current consolidated fiscal year, and the revenue recognition method was changed. Net sales and cost of sales decreased by ¥495.418 million, but there was no impact on operating income, ordinary income or quarterly net income before taxes and other adjustments.