Changes in Revenue Recognition Methods Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2023-Q1. 2 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q3.
2 other companies' latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「As a result, compared with the previous method, revenue for the nine-month period ended the third quarter increased by ¥107.547 million, while operating income, ordinary income and profit before income taxes increased by ¥106.526 million each. The opening balance of retained earnings also decreased by ¥206.148 million.」
The company updated the impact of applying the revenue recognition accounting standard for the nine-month period ended the third quarter, reporting increases of ¥107.547 million in revenue and ¥106.526 million in operating income and related items, and a decrease of ¥206.148 million in opening retained earnings. - FY2023-Q2AdvancedAnnual report
「As a result, compared with the previous method, revenue for the six-month period ended the second quarter increased by ¥85.796 million, while operating income, ordinary income and profit before income taxes increased by ¥84.755 million each. The opening balance of retained earnings also decreased by ¥206.148 million.」
The company updated the impact of applying the revenue recognition accounting standard for the six-month period ended the second quarter, reporting increases of ¥85.796 million in revenue and ¥84.755 million in operating income and related items, and a decrease of ¥206.148 million in opening retained earnings. - FY2023-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company adopted the revenue recognition accounting standard from 1 February 2022, changing the treatment of certain rebates and other items to deduct them from revenue, and changing franchise fees from recognition in full at contract signing to recognition over a specified period. Compared with the previous method, revenue for the current quarter increased by ¥58.802 million, operating income and related items increased by ¥57.812 million, and retained earnings at the beginning of the fiscal year decreased by ¥206.148 million.