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TESS Holdings (5074) · PolicyAdvanced

Adoption of the Revenue Recognition Standard

First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.

3entries
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ProgressHeldSoftenedWorseFirst statedFY2022-Q1AdvancedFY2022-Q2 – FY2022-Q32021: 120212022: 22022
Same theme, other companies
Changes in revenue recognition methods and financial statement balances resulting from the application of the Accounting Standard for Revenue RecognitionA theme 33 companies write about · 7 as a headwind · 1 as a tailwind

4 other companies' latest entry also says "Advanced".

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Showing 14 of the 33 companies compared. The sentences above are computed from all 33.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3AdvancedAnnual report

    「As a result, revenue for the cumulative third quarter decreased by ¥9,254 million and cost of sales decreased by ¥9,051 million. Operating income, ordinary income, and profit before income taxes for the quarter each decreased by ¥203 million.」

    The Company disclosed the specific impact of applying the revenue recognition accounting standard on revenue, cost of sales, and profit for the cumulative third quarter.
  2. FY2022-Q2AdvancedAnnual report

    「As a result, revenue for the cumulative second quarter decreased by ¥8,823 million and cost of sales decreased by ¥8,775 million. Operating income, ordinary income, and profit before income taxes for the quarter each decreased by ¥47 million. In addition, the beginning balance of retained earnings increased by ¥178 million.」

    The Company disclosed the specific impact of applying the revenue recognition accounting standard on revenue, cost of sales, and profit for the cumulative second quarter.
  3. FY2022-Q1First statedAnnual report

    「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」

    The revenue recognition accounting standard and related standards were applied from the first quarter beginning 1 July 2021. As a result, revenue for the quarter decreased by ¥1,303 million, cost of sales decreased by ¥1,030 million, and beginning retained earnings increased by ¥178 million.
Moved together

"Expansion of EPC Business in Power Generation and Utility Facilities" moved the same way as this thread, in the same document, in 2 of its 3 moves.

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  1. ★This thread
  2. 1Expansion of EPC Business in Power Generation and Utility Facilities2×
  3. 2Ownership, Operation and Electricity Sales from Renewable Energy Power Plants2×
  4. 3Strategic Purchase and Sale of Renewable Energy Power Plants2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Adoption of the Revenue Recognition Standard | TESS Holdings Co.,Ltd. (5074) | Komori