Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
4 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, compared with before applying the revenue recognition accounting standard and related standards, net sales for the consolidated fiscal year decreased by ¥528 million, cost of sales by ¥218 million and selling, general and administrative expenses by ¥182 million, respectively, causing operating profit to decrease by ¥127 million.」
The Group completed the full-year application of the revenue recognition accounting standard and disclosed its impact on net sales, expenses and operating profit for the full fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, during the cumulative third-quarter period, net sales decreased by ¥379 million, cost of sales by ¥165 million and selling, general and administrative expenses by ¥127 million, respectively, causing operating profit to decrease by ¥86 million. Meanwhile, due to a ¥94 million decrease in non-operating expenses, ordinary profit and pretax quarterly profit each increased by ¥8 million. The opening balance of retained earnings also decreased by ¥32 million.」
The Group specifically disclosed the impact of applying the revenue recognition accounting standard on net sales, expenses, operating profit, ordinary profit and retained earnings for the cumulative third-quarter period. - FY2022-Q2AdvancedAnnual report
「As a result, during the cumulative second-quarter period, net sales decreased by ¥280 million, cost of sales by ¥137 million and selling, general and administrative expenses by ¥91 million, respectively, causing operating profit to decrease by ¥51 million. Meanwhile, due to a ¥61 million decrease in non-operating expenses, the ordinary loss decreased by ¥10 million and pretax quarterly profit increased by ¥10 million. The opening balance of retained earnings also decreased by ¥32 million.」
The Group specifically disclosed the impact of applying the revenue recognition accounting standard on profit and loss and retained earnings for the cumulative second-quarter period. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 Group applied the revenue recognition accounting standard and related standards from 1 April 2021. During the cumulative first-quarter period, net sales decreased by ¥82 million, cost of sales by ¥55 million and selling, general and administrative expenses by ¥36 million, reducing the operating loss by ¥9 million.