Marvelous (7844) · InitiativeAchieved
Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Change to a progress-based revenue recognition method following the application of the Accounting Standard for Revenue RecognitionA theme 8 companies write about · 0 as a headwind · 0 as a tailwind
3 other companies' latest entry also says "Achieved".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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 applied the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the fiscal year ending March 2022. It changed its revenue recognition method to recognize revenue for online games according to the period of item usage and for contracted software development according to the degree of progress. Revenue for the quarter increased by ¥25 million, while operating profit and other items decreased by ¥4 million. - FY2021First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company newly disclosed its plan to apply the Accounting Standard for Revenue Recognition and related guidance from the beginning of the fiscal year ending March 2022.