Changes in Revenue Presentation Due to the Application of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2023-Q1. 1 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2023.
6 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result, for the fiscal year, net sales decreased by ¥11,572 million, cost of sales by ¥8,222 million, and selling, general and administrative expenses by ¥967 million, while operating revenue increased by ¥2,382 million. There was no impact on operating income, ordinary income or net income for the fiscal year.」
The company disclosed that full-year adoption of the revenue recognition accounting standards changed reported amounts such as net sales, but had no impact on operating income, ordinary income or net income for the fiscal year. - FY2023-Q3Impact of adopting the revenue recognition accounting standards expanded to the cumulative third quarterAnnual report
「As a result, for the cumulative third quarter, net sales decreased by ¥8,406 million, cost of sales by ¥6,048 million, and selling, general and administrative expenses by ¥656 million, while operating revenue increased by ¥1,701 million. There was no impact on operating income, ordinary income or net income for the quarter.」
The company disclosed that adoption of the revenue recognition accounting standards changed reported amounts such as net sales for the cumulative third quarter, but had no impact on operating income, ordinary income or net income for the quarter. - FY2023-Q2Impact of adopting the revenue recognition accounting standards disclosed for the cumulative first halfAnnual report
「As a result, for the cumulative second quarter, net sales decreased by ¥5,737 million, cost of sales by ¥4,134 million, and selling, general and administrative expenses by ¥446 million, while operating revenue increased by ¥1,156 million. There was no impact on operating income, ordinary income or net income for the quarter.」
The company disclosed that adoption of the revenue recognition accounting standards reduced net sales, cost of sales and SG&A expenses and increased operating revenue for the cumulative first half, but had no impact on operating income, ordinary income or net income for the quarter. - FY2023-Q1First statedAnnual report
「As a result, for the cumulative first quarter, net sales decreased by ¥3,206 million, cost of sales by ¥2,321 million, and selling, general and administrative expenses by ¥248 million, while operating revenue increased by ¥636 million. There was no impact on operating income, ordinary income or net income for the quarter.」
The company adopted the revenue recognition accounting standards and related standards from the beginning of the first quarter, changing transactions as an agent and third-party points and coupons to net presentation. Although reported amounts such as net sales changed, there was no impact on operating income, ordinary income or net income for the quarter.