Application of the Revenue Recognition Accounting Standard and Deferral of Performance Obligations and Cancellation Revenue
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2022-Q3Update on the Impact of Adopting the Revenue Recognition StandardAnnual report
「As a result, compared with the previous accounting treatment, revenue for the cumulative third quarter of the current consolidated fiscal year increased by ¥18.291 million, while operating loss, ordinary loss and quarterly net loss before income taxes decreased by ¥7.099 million each. In addition, the beginning balance of retained earnings decreased by ¥139.530 million.」
The company continued applying the revenue recognition accounting standard and updated the comparative impact of the previous treatment for the cumulative third quarter. Revenue increased by ¥18.291 million, while operating loss and other losses decreased by ¥7.099 million. - FY2022-Q2AdvancedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the cumulative second quarter of the current consolidated fiscal year increased by ¥9.586 million, while operating loss, ordinary loss and loss before income taxes increased by ¥2.865 million each. In addition, the beginning balance of retained earnings decreased by ¥139.530 million.」
The company continued applying the revenue recognition accounting standard and disclosed the specific impacts of performance obligations and deferred cancellation revenue on quarterly revenue, losses and retained earnings at the beginning of the fiscal year. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related 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 transfers to the customer.」
The company changed its treatment of its points program and periodic inspection costs after handover, treating them as performance obligations and recognizing revenue as the obligations are satisfied. It also changed the treatment of cancellations with regional sales companies to defer revenue based on historical results. Compared with the previous treatment, revenue decreased by ¥4.871 million and retained earnings at the beginning of the fiscal year decreased by ¥102.755 million.