Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
6 other companies' latest entry also says "Other".
- FY2022-Q3Update to the impact of retrospective applicationAnnual report
「As a result, compared with before retrospective application, net sales for the cumulative third quarter of the previous fiscal year decreased by ¥16 million and selling, general and administrative expenses decreased by ¥16 million, while operating income, ordinary income and profit before income taxes and other adjustments were unaffected.」
The impact of retrospective application of the revenue recognition accounting standard on net sales and selling, general and administrative expenses for the cumulative third quarter of the previous fiscal year was disclosed as ¥16 million. There was no impact on profit. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards were adopted 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 revenue recognition accounting standard was adopted from the beginning of the first quarter of the current fiscal year, and part of the sales commissions, sales promotion expenses and other items previously recorded in selling, general and administrative expenses was deducted from net sales. The comparative information uses figures after retrospective application.