Applying the Accounting Standard for Revenue Recognition and Deducting Sales Discounts from Net Sales
First written in FY2022-Q1. . Latest entry: FY2022.
4 other companies' latest entry also says "Other".
- FY2022Annual impact updatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards reduced revenue by ¥2,494 thousand and operating profit by ¥2,494 thousand.」
It was stated that the application of the Revenue Recognition Standard and related standards reduced FY2022 revenue and operating profit by ¥2,494 thousand. - FY2022-Q3Updated impact of application in the third quarterAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards reduced revenue by ¥1,758 thousand and operating profit by ¥1,758 thousand.」
The application of the Revenue Recognition Standard and related standards continued, and it was stated that revenue and operating profit for the cumulative third quarter under review decreased by ¥1,758 thousand. - FY2022-Q2Impact of accounting standard application updatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards reduced revenue by ¥1,255 thousand and operating profit by ¥1,255 thousand.」
The application of the Revenue Recognition Standard and related standards continued, and it was stated that revenue and operating profit for the cumulative second quarter under review decreased by ¥1,255 thousand. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the Revenue Recognition Standard) and related standards from the beginning of the first quarter under review. 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. Accordingly, sales discounts paid to certain customers, which were previously treated as non-operating expenses, are now deducted from the transaction price.」
The Revenue Recognition Standard and related standards were applied from 1 April 2021, changing the timing of revenue recognition and the presentation of sales discounts. As a result, revenue and operating profit for the cumulative first quarter under review decreased by ¥652 thousand.