Net presentation of merchandise sales following the adoption of the revenue recognition standard
First written in FY2022-Q1. . Latest entry: FY2022.
20 other companies' latest entry also says "Other".
- FY2022Full-year impact of net presentation: ¥757 millionAnnual report
「As a result, net sales and cost of sales for the current consolidated fiscal year each decreased by ¥757 million, with no impact on operating income, ordinary income or net income before income taxes and other adjustments.」
The company disclosed an impact of ¥757 million on full-year net sales and cost of sales from presenting certain merchandise transactions on a net basis following the adoption of the revenue recognition standard. There was no impact on profit. - FY2022-Q3Cumulative third-quarter impact of net presentation: ¥565 millionAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥565 million, with no impact on operating income, ordinary income or quarterly net income before income taxes and other adjustments.」
Following the adoption of the revenue recognition standard, the impact on cumulative third-quarter net sales and cost of sales from presenting certain merchandise transactions on a net basis was ¥565 million, with no impact on profit. - FY2022-Q2Cumulative first-half impact of net presentation: ¥390 millionAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥390 million, with no impact on operating income, ordinary income or quarterly net income before income taxes and other adjustments.」
Following the adoption of the revenue recognition standard, the company disclosed an impact of ¥390 million on cumulative first-half net sales and cost of sales from presenting certain merchandise transactions on a net basis. There was no impact on profit. - FY2022-Q1First statedAnnual report
「The company applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan 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. Accordingly, for certain transactions in the "Merchandise" segment, where the promise to the customer constitutes a performance obligation to arrange for goods or services to be provided by another party, revenue is recognized on a net basis, after deducting the amount payable to suppliers from the amount received from customers, whereas previously the full amount of consideration received from customers was recognized as revenue.」
The company applied the revenue recognition standard and other standards from the beginning of the current quarter and changed certain merchandise transactions from gross presentation to net presentation. Net sales and cost of sales each decreased by ¥201 million, with no impact on operating income, ordinary income or quarterly net income before income taxes and other adjustments.