Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The revenue recognition accounting standards and related standards were applied from the beginning of the current consolidated 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.」
The Company continued to apply the revenue recognition accounting standard, and revenue, operating profit, ordinary profit and profit before income taxes each decreased by ¥34 million compared with the figures before application in the current fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥60 million, and operating profit, ordinary profit and profit before income taxes each decreased by ¥60 million. Retained earnings at the beginning of the fiscal year also decreased by ¥38 million.」
The Accounting Standard for Revenue Recognition, applied from the first quarter, continued to be applied. The impact on the cumulative third quarter was disclosed as a ¥60 million decrease in revenue and each profit measure, and a ¥38 million decrease in retained earnings at the beginning of the period. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥18 million, and operating profit, ordinary profit and profit before income taxes each decreased by ¥18 million. Retained earnings at the beginning of the fiscal year also decreased by ¥38 million.」
The Accounting Standard for Revenue Recognition, applied from the first quarter, continued to be applied. The impact on the cumulative second quarter was disclosed as an ¥18 million decrease in revenue and each profit measure, and a ¥38 million decrease in retained earnings at the beginning of the period. - FY2022-Q1First statedAnnual report
「The Company adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the three-month period ended 30 June. 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 the beginning of the first quarter of the current consolidated fiscal year, we applied the Accounting Standard for Revenue Recognition and related standards, changing to a method under which points and sales incentives are deducted from revenue and extended warranty services are recognized as separate performance obligations. As a result of the application, first-quarter revenue, operating profit, ordinary profit and profit before income taxes decreased by ¥13 million each, while retained earnings at the beginning of the period decreased by ¥38 million.