Application of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2022-Q1. 2 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.
8 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「Compared with the previous method, net sales decreased by ¥309 million, cost of sales by ¥110 million, selling, general and administrative expenses by ¥104 million, and operating income, ordinary income and quarterly net income before income taxes by ¥94 million each during the nine months ended the third quarter.」
The impact of applying the Accounting Standard for Revenue Recognition materialized as a ¥309 million decrease in net sales and a ¥94 million decrease in operating income and other items for the nine months ended the third quarter. - FY2022-Q2AdvancedAnnual report
「As a result, the cumulative effect recognized in net assets at the beginning of the first quarter reduced the beginning balance of retained earnings by ¥418 million. Compared with the previous method, net sales decreased by ¥273 million, cost of sales by ¥114 million, selling, general and administrative expenses by ¥68 million, and operating income, ordinary income and quarterly net income before income taxes by ¥90 million each during the six months ended the second quarter.」
The impact of applying the Accounting Standard for Revenue Recognition materialized as a ¥418 million decrease in the beginning balance of retained earnings, a ¥273 million decrease in net sales for the six months ended the second quarter, and a ¥90 million decrease in operating income and other items. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied 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 Accounting Standard for Revenue Recognition and related standards were applied from 1 April 2021, changing the accounting treatment of returns and discounts, points awarded at the time of sale, and consideration payable to customers. As a result, the beginning balance of retained earnings decreased by ¥417 million, while net sales and operating income and other items for the quarter decreased by ¥255 million and ¥93 million, respectively.