Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
6 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, revenue for the consolidated fiscal year increased by ¥10 million, cost of sales increased by ¥198 million, and the operating loss, ordinary loss and loss before income taxes increased by ¥188 million.」
The company finalized the full-year impact of applying the revenue recognition accounting standard and disclosed an increase of ¥10 million in net sales, an increase of ¥198 million in cost of sales, an increase of ¥188 million in operating loss and other losses, and a decrease of ¥1,008 million in the opening balance of retained earnings. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the nine-month period decreased by ¥144 million, cost of sales decreased by ¥527 million, and the operating loss, ordinary loss and quarterly net loss before income taxes decreased by ¥382 million. In addition, the opening balance of retained earnings decreased by ¥1,008 million.」
The company updated the impact for the cumulative third-quarter period following adoption of the revenue recognition accounting standard, disclosing a ¥144 million decrease in revenue, a ¥527 million decrease in cost of sales, and a ¥382 million decrease in operating loss and related items. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended in the second quarter of the current fiscal year, net sales decreased by ¥84 million, cost of sales decreased by ¥356 million, and operating loss, ordinary loss and loss before income taxes decreased by ¥271 million.」
The company disclosed the impact during the cumulative period following the adoption of the revenue recognition accounting standard. Revenue decreased by ¥84 million, cost of sales decreased by ¥356 million, and operating loss and related items decreased by ¥271 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we applied the Accounting Standard for Revenue Recognition and related standards and recognize 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.」
The company applied the revenue recognition accounting standard from the beginning of the current quarter and introduced the deduction of variable consideration from revenue and the accounting treatment of transactions involving supplied materials as financial transactions. Revenue decreased by ¥43 million and the opening balance of retained earnings decreased by ¥1,008 million.