Application of the revenue recognition accounting standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized 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.」
Application of the Accounting Standard for Revenue Recognition and related standards remains in place as the accounting policy for the full fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, sales for the cumulative second-quarter consolidated accounting period increased by ¥83 million, cost of sales increased by ¥140 million, selling, general and administrative expenses decreased by ¥89 million, and operating profit, ordinary profit, and profit before income taxes increased by ¥31 million each. The beginning balance of retained earnings also decreased by ¥17 million.」
The impact of applying the Accounting Standard for Revenue Recognition from the first quarter on sales, profit, and retained earnings for the cumulative second quarter has been disclosed, and the application policy remains in place. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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 Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first-quarter consolidated accounting period. As a result, quarterly sales increased by ¥202 million, operating profit and other items increased by ¥108 million, and beginning retained earnings decreased by ¥17 million.