Net Presentation Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
4 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, cumulative net sales for the first 3 quarters decreased by ¥74.050 million and cost of sales decreased by ¥74.050 million, but there was no impact on gross profit, operating income, ordinary income or profit before income taxes for the quarter.」
The cumulative-period reductions in net sales and cost of sales resulting from adoption of the revenue recognition accounting standard amounted to ¥74.050 million, up from ¥49.091 million in the previous cumulative quarter. There continued to be no impact on profit. - FY2022-Q2AdvancedAnnual report
「As a result, cumulative net sales for the first 2 quarters decreased by ¥49.091 million and cost of sales decreased by ¥49.091 million, but there was no impact on gross profit, operating income, ordinary income or profit before income taxes for the quarter.」
The cumulative-period reductions in net sales and cost of sales resulting from adoption of the revenue recognition accounting standard were quantified at ¥49.091 million. There continued to be no impact on profit. - FY2022-Q1First statedAnnual report
「As a result, for certain transactions, while we had previously recognized the full amount of consideration received from customers as revenue, for transactions in which the Group acts as an agent in providing goods or services to customers, we recognize revenue on a net basis after deducting the amount paid to suppliers from the amount received from customers.」
The revenue recognition accounting standard and related standards were applied from the beginning of the first quarter of the current fiscal year, reducing net sales and cost of sales by ¥22.293 million each. There was no impact on gross profit, operating income, ordinary income or profit before income taxes for the quarter.