Change in net sales presentation following application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. . Latest entry: FY2022.
1 other company's latest entry also says "Other".
- FY2022Full-year impact finalizedAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥7,798 million and cost of sales decreased by ¥7,686 million. The impact on operating loss, ordinary loss and loss before income taxes for the fiscal year was minor. In addition, the opening balance of retained earnings increased by ¥78 million.」
For the full fiscal year, the impact of adopting the revenue recognition accounting standards and other relevant standards was confirmed as reductions of ¥7.798 billion in net sales and ¥7.686 billion in cost of sales, with a minor impact on losses. - FY2022-Q3Cumulative effect of application through the third quarterAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥5,139 million and cost of sales decreased by ¥5,171 million. The impact on operating loss, ordinary loss and loss before income taxes for the quarter was minor. In addition, the opening balance of retained earnings increased by ¥78 million.」
For the cumulative third quarter, the presentation impact of adopting the revenue recognition accounting standards and other relevant standards amounted to reductions of ¥5.139 billion in net sales and ¥5.171 billion in cost of sales. The impact on losses was minor. - FY2022-Q2Cumulative Impact through the Second QuarterAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥4,321 million and cost of sales decreased by ¥4,214 million. The impact on operating loss, ordinary loss and loss before income taxes for the quarter was minor. In addition, the opening balance of retained earnings increased by ¥78 million.」
The cumulative second-quarter impact of adopting the revenue recognition accounting standards and other relevant standards was explicitly stated as reductions of ¥4,321 million in net sales and ¥4,214 million in cost of sales, with a minor impact on operating loss and other items. - FY2022-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 standards and other relevant standards from the beginning of FY2022-Q1 and changed its revenue recognition methods for dies and moulds, customer-supplied transactions and transactions involving materials supplied for consideration. As a result of the adoption, net sales for the cumulative period of the current quarter decreased by ¥2.262 billion and cost of sales decreased by ¥2.206 billion, with a minor impact on operating loss and other items.