Application of the revenue recognition accounting standard
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
8 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「In addition, during the cumulative consolidated period of the third quarter, net sales and cost of sales each decreased by ¥221.208 million, gross profit and operating profit each decreased by ¥11.665 million, and ordinary profit and profit before income taxes each decreased by ¥9.103 million.」
The impact of applying the revenue recognition standard on the cumulative period was quantified as ¥221.208 million for net sales and cost of sales, ¥11.665 million for gross profit and operating profit, and ¥9.103 million for ordinary profit and profit before income taxes. - FY2022-Q2AdvancedAnnual report
「In addition, during the cumulative consolidated period of the second quarter, net sales and cost of sales each decreased by ¥179.079 million, gross profit and operating profit each decreased by ¥7.777 million, and ordinary profit and profit before income taxes each decreased by ¥5.928 million.」
The impact of applying the revenue recognition standard on the cumulative period was quantified as ¥179.079 million for net sales and cost of sales, ¥7.777 million for gross profit and operating profit, and ¥5.928 million for ordinary profit and profit before income taxes. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current fiscal year. 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.」
The company applied the revenue recognition standard and related standards from the beginning of the first quarter, changing its revenue recognition methods for installment sales, agency transactions and transactions involving the provision of materials for a consideration, among others. As a result of the application, retained earnings at the beginning of the period increased by ¥11.198 million, while gross profit and operating profit for the quarter decreased by ¥3.888 million.