Change in revenue recognition following adoption of the revenue recognition accounting standard
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
13 other companies' latest entry also says "Other".
- FY2022-Q3Cumulative disclosure of the impact of adoptionAnnual report
「As a result, net sales and cost of sales for the nine-month period ended 31 December decreased by ¥17,848 million and ¥17,853 million, respectively, while operating loss, ordinary loss and loss before income taxes and other adjustments decreased by ¥4 million each. In addition, the opening balance of retained earnings increased by ¥171 million.」
We continued the policy of applying the revenue recognition accounting standard and additionally disclosed the amounts of its impact on net sales, cost of sales and other items for the nine-month period. - FY2022-Q2Additional disclosure of the impact of adoptionAnnual report
「As a result, net sales and cost of sales for the six-month period ended 30 September decreased by ¥10,807 million and ¥10,844 million, respectively, while operating loss, ordinary loss and loss before income taxes and other adjustments decreased by ¥36 million each. In addition, the opening balance of retained earnings increased by ¥171 million.」
We continued the policy of applying the revenue recognition accounting standard and additionally disclosed the amounts of its impact on net sales, cost of sales and other items for the six-month period ended 30 September. - 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. 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.」
From 1 April 2021, we applied the revenue recognition accounting standard and other standards, changing to net presentation for agent transactions, transactions involving the provision of goods for consideration, and revenue recognition at the time of transfer of control. As a result of the application, net sales for the first-quarter cumulative period decreased by ¥12,806 million.