Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
0 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「As a result, for the current consolidated fiscal year, net sales increased by ¥10 million, cost of sales decreased by ¥61 million, and operating profit, ordinary profit and profit before income taxes increased by ¥72 million each. The opening balance of retained earnings also decreased by ¥53 million.」
The Revenue Recognition Accounting Standard and other relevant standards were applied for the full fiscal year, changing the recognition methods for transactions involving the provision of materials for consideration and products requiring installation. The full-year impact was disclosed, completing the implementation process. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥462 million, cost of sales decreased by ¥390 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥71 million each. The opening balance of retained earnings also decreased by ¥53 million.」
The application of the Revenue Recognition Accounting Standard and other relevant standards continued, with the company disclosing impacts for the nine months ended 31 December of a ¥462 million reduction in net sales, a ¥71 million reduction in operating profit and other profit figures, and a ¥53 million reduction in opening retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales decreased by ¥466 million, cost of sales decreased by ¥398 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥68 million each. The opening balance of retained earnings also decreased by ¥53 million.」
The application of the Revenue Recognition Accounting Standard and other relevant standards continued, with the company disclosing impacts for the six months ended 30 September of a ¥466 million reduction in net sales, a ¥68 million reduction in operating profit and other profit figures, and a ¥53 million reduction in opening retained earnings. - 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 relevant standards were applied from the beginning of the current first quarter of the consolidated accounting period. Revenue is recognised 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, for the cumulative first quarter of the current consolidated fiscal year, net sales decreased by ¥459 million, cost of sales decreased by ¥329 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥129 million each. The opening balance of retained earnings also decreased by ¥53 million.」
The Revenue Recognition Accounting Standard and other relevant standards were applied from 1 April 2021, changing the revenue recognition methods for transactions involving the provision of materials for consideration and products requiring installation. As a result of the application, net sales for the current quarter decreased by ¥459 million, operating profit, ordinary profit and profit before income taxes each decreased by ¥129 million, and the opening balance of retained earnings decreased by ¥53 million.