Adoption of Revenue Recognition and Fair Value Measurement Standards
First written in FY2022-Q1. . Latest entry: FY2022.
- FY2022Updated full-year impact of applying accounting standardsAnnual report
「As a result, compared with the previous accounting treatment, net sales, selling, general and administrative expenses, and non-operating expenses for the fiscal year decreased by ¥248 million, ¥141 million and ¥107 million, respectively. Operating profit decreased by ¥107 million accordingly, but there was no impact on ordinary profit or profit before income taxes and other adjustments.」
The company disclosed full-year impacts from applying the revenue recognition accounting standard of decreases of ¥248 million in net sales, ¥141 million in selling, general and administrative expenses, ¥107 million in non-operating expenses and ¥107 million in operating profit. - FY2022-Q3Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, compared with the previous accounting treatment, net sales, selling, general and administrative expenses, and non-operating expenses for the nine months ended the third quarter decreased by ¥178 million, ¥100 million and ¥77 million, respectively. Operating profit decreased by ¥77 million accordingly, but there was no impact on ordinary profit or profit before income taxes and other adjustments.」
The company disclosed cumulative impacts from applying the revenue recognition accounting standard of decreases of ¥178 million in net sales, ¥100 million in selling, general and administrative expenses, ¥77 million in non-operating expenses and ¥77 million in operating profit. It stated that there was no impact on ordinary profit or profit before income taxes. - FY2022-Q2Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, compared with the previous accounting treatment, net sales, selling, general and administrative expenses, and non-operating expenses for the six months ended the second quarter decreased by ¥112 million, ¥63 million and ¥48 million, respectively. Operating profit decreased by ¥48 million accordingly, but there was no impact on ordinary profit or profit before income taxes and other adjustments.」
Regarding the revenue recognition accounting standard applied from the first quarter, the company disclosed that, for the six months ended the second quarter, net sales decreased by ¥112 million, selling, general and administrative expenses by ¥63 million, non-operating expenses by ¥48 million and operating profit by ¥48 million. It stated that there was no impact on ordinary profit or profit before income taxes. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter 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 applied the revenue recognition accounting standard, fair value measurement accounting standard and other standards from the beginning of the fiscal year. It disclosed that applying the revenue recognition standard reduced net sales by ¥53 million, selling, general and administrative expenses by ¥29 million and non-operating expenses by ¥24 million, resulting in a ¥24 million decrease in operating profit, with no impact on ordinary profit or profit before income taxes and other adjustments.