Changes in Revenue Presentation Resulting from the Application of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
- FY2022AdvancedAnnual report
「As a result, net sales for the fiscal year decreased by ¥939.120 million, and cost of sales decreased by ¥939.120 million. There was no impact on retained earnings at the beginning of the fiscal year.」
The Company disclosed the impact of applying the Revenue Recognition Standard for the full fiscal year on net sales and cost of sales as ¥939.120 million. - FY2022-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended the third quarter decreased by ¥806.432 million, and expenses decreased by ¥806.432 million. There was no impact on retained earnings at the beginning of the fiscal year.」
The Company disclosed the impact of applying the Revenue Recognition Standard on net sales and expenses for the nine months ended the third quarter as ¥806.432 million. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥593.493 million, and expenses decreased by ¥593.493 million.」
The Company specifically disclosed the impact of applying the Revenue Recognition Standard from the first quarter on net sales and expenses for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other 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 is transferred to the customer. As a result, some expenses previously recorded in cost of sales are now deducted from net sales.」
The Company applied the Revenue Recognition Standard from the beginning of the first quarter and changed the timing of revenue recognition and the presentation of net sales and cost of sales.