Impact of the Revenue Recognition Standard on Sales and Retained Earnings
First written in FY2021. 3 of 5 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2022.
- FY2022MaterialisedAnnual report
「As a result, net sales for the current fiscal year increased by ¥220.780 million, cost of sales decreased by ¥49.463 million, and selling, general and administrative expenses decreased by ¥12.933 million. Operating income, ordinary income and profit before income taxes for the fiscal year each increased by ¥283.176 million. The opening balance of retained earnings also decreased by ¥201.914 million.」
The full-year effects of applying the revenue recognition accounting standards and related requirements were finalized and recorded in the results. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter increased by ¥217.075 million, cost of sales decreased by ¥37.440 million, and selling, general and administrative expenses decreased by ¥7.778 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥262.293 million. The opening balance of retained earnings also decreased by ¥201.914 million.」
Reconfirms the specific effects of applying the revenue recognition accounting standards and related requirements on net sales, profit and retained earnings for the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「As a result, net sales for the cumulative second quarter increased by ¥174.900 million, cost of sales decreased by ¥24.927 million, and selling, general and administrative expenses decreased by ¥5.034 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥204.860 million. The opening balance of retained earnings also decreased by ¥201.914 million.」
States the specific effects of applying the revenue recognition accounting standards and related requirements on net sales, profit and retained earnings for the cumulative second quarter. - FY2022-Q1MaterialisedAnnual report
「As a result, net sales for the cumulative first quarter increased by ¥98.346 million, cost of sales decreased by ¥12.327 million, and selling, general and administrative expenses decreased by ¥1.969 million. Operating income, ordinary income and profit before income taxes for the quarter each increased by ¥112.642 million. The opening balance of retained earnings also decreased by ¥201.914 million.」
The revenue recognition accounting standards and related requirements were applied from 1 April 2021, and specific effects on net sales, profit and retained earnings were realized. Revenue deductions for agent transactions and allocation over the contract period of some revenue from the DX Solutions Business also began. - FY2021First statedAnnual report
「The impact of applying the accounting standards is expected to be a ¥340.945 million decrease in revenue and a ¥49.918 million decrease in cost of sales, while the opening balance of retained earnings for the fiscal year ending March 2022 is expected to decrease by ¥291.026 million.」
The Company first quantified the expected decreases in revenue, cost of sales and retained earnings from applying the revenue recognition standard from the fiscal year ending March 2022.