Change in Revenue Recognition under the Revenue Recognition Standard
First written in FY2023-Q2. . Latest entry: FY2023-Q3.
83 other companies' latest entry also says "Other".
- FY2023-Q3Updated Cumulative Impact of AdoptionAnnual report
「As a result, compared with the amounts before applying the Revenue Recognition Standard and other standards, net sales, operating profit, ordinary profit, and profit before income taxes in the consolidated income statement for the cumulative third quarter decreased by ¥6.729 million each.」
Following adoption of the Revenue Recognition Standard, net sales, operating profit, ordinary profit, and profit before income taxes for the cumulative third quarter each decreased by ¥6.729 million compared with the amounts before adoption. - FY2023-Q2First statedAnnual report
「The company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, for certain services, the method of recognizing revenue at a point in time was changed to a method of recognizing revenue over a specified period. Compared with the amounts before applying the Revenue Recognition Standard and other standards, net sales, operating profit, ordinary profit, and profit before income taxes in the consolidated income statement for the cumulative second quarter decreased by ¥4.860 million each.」
The Revenue Recognition Standard and other standards were adopted from the beginning of the first quarter of the current consolidated fiscal year, changing revenue recognition for certain services from recognition at a point in time to recognition over a specified period. Compared with the amounts before adoption, net sales, operating profit, ordinary profit, and profit before income taxes for the cumulative second quarter decreased by ¥4.860 million each.