Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
5 other companies' latest entry also says "Other".
- FY2022-Q3Updated cumulative third-quarter impactAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, revenue decreased by ¥19.211 million and cost of sales decreased by ¥18.627 million, while gross profit, operating income, ordinary income, and quarterly income before income taxes each decreased by ¥0.583 million. In addition, the opening balance of retained earnings decreased by ¥12.303 million.」
The impact of applying the revenue recognition accounting standard and related standards for the cumulative third quarter was updated. Revenue decreased by ¥19.211 million, cost of sales by ¥18.627 million, and the opening balance of retained earnings by ¥12.303 million. - FY2022-Q2Updated cumulative second-quarter impactAnnual report
「As a result, during the cumulative second quarter of the current consolidated fiscal year, revenue decreased by ¥11.859 million, cost of sales decreased by ¥11.564 million, and gross profit decreased by ¥0.295 million. Operating loss, ordinary loss, and quarterly loss before income taxes each increased by ¥0.295 million. In addition, the opening balance of retained earnings decreased by ¥12.303 million.」
The impact of applying the revenue recognition accounting standard and related standards for the cumulative second quarter was updated, showing decreases of ¥11.859 million in revenue, ¥0.295 million in gross profit, and ¥12.303 million in the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 transfers to the customer.」
Beginning in the first quarter of the current fiscal year, the Company applied the revenue recognition accounting standard and related standards, treating points in the karaoke business as performance obligations and presenting transactions in the real estate business involving agents on a net basis. As a result of the application, quarterly revenue decreased by ¥5.563 million and the opening balance of retained earnings decreased by ¥12.303 million.