Adoption of the Revenue Recognition Accounting Standard and Changes in Revenue Recognition Methods
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「The application of the revenue recognition accounting standard and other relevant standards reduced net sales for the current fiscal year by ¥1,117.791 million compared with the previous method.」
Discloses a ¥1,117.791 million full-year decrease in net sales resulting from application of the revenue recognition accounting standard, specifying the impact from the quarterly periods through the full year. - FY2022-Q3AdvancedAnnual report
「As a result, net sales for the cumulative third-quarter period decreased by ¥810.315 million. There was also no impact on the opening balance of retained earnings for the current fiscal year.」
For the revenue recognition accounting standard applied from the first quarter, discloses a ¥810.315 million decrease in net sales for the cumulative third-quarter period, including ¥320.840 million for the photosensitive materials business and ¥489.475 million for the chemicals business. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the cumulative second-quarter period decreased by ¥529.345 million. There was also no impact on the opening balance of retained earnings for the current fiscal year.」
For the revenue recognition accounting standard applied from the first quarter, specifically discloses a ¥529.345 million decrease in net sales for the cumulative second-quarter period. - FY2022-Q1First statedAnnual report
「We applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards 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 is transferred to the customer.」
The Company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of the current fiscal year, changing its methods for recognizing revenue at the time of delivery and shipment, presenting product sales on a net basis, and recognizing transactions involving paid supplies and paid receipts. As a result of the application, net sales for the cumulative first-quarter period decreased by ¥258.173 million.