Change in Revenue Presentation following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, compared with the previous accounting treatment, net sales for the cumulative third quarter decreased by ¥176 million and selling, general and administrative expenses decreased by ¥176 million, while operating profit, ordinary profit and quarterly profit before income taxes were unchanged.」
The presentation impact of applying the revenue recognition accounting standard increased from ¥124 million for the cumulative second quarter to ¥176 million for the cumulative third quarter. The company states that there was no impact on profit. - FY2022-Q2AdvancedAnnual report
「As a result, compared with the previous accounting treatment, net sales for the cumulative second quarter decreased by ¥124 million and selling, general and administrative expenses decreased by ¥124 million, while operating profit, ordinary profit and quarterly profit before income taxes were unchanged.」
The company quantified the presentation impact of applying the revenue recognition accounting standard for the cumulative second quarter, reporting that net sales and selling, general and administrative expenses each decreased by ¥124 million, with no impact on the respective profit figures. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year, and began recognizing revenue 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. As a result, certain sales promotion expenses and other costs previously recorded under selling, general and administrative expenses have been deducted from net sales.」
The company applied the revenue recognition accounting standards and related standards from 1 April 2021 and changed its presentation so that certain sales promotion expenses and other costs are deducted from net sales. Net sales for the first quarter decreased by ¥56 million compared with the previous method, but there was no impact on operating profit, ordinary profit or profit before income taxes.