Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2022.
- FY2022AdvancedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥21 million, cost of sales decreased by ¥17 million, and operating income, ordinary income, and net income before income taxes each decreased by ¥3 million. There was no impact on the opening balance of retained earnings.」
Final disclosure of the annual impact of applying the revenue recognition accounting standard: net sales decreased by ¥21 million, while operating income and other items decreased by ¥3 million. - FY2022-Q3Quantification of the cumulative impact of the revenue recognition standardAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥39 million, cost of sales decreased by ¥22 million, and operating income, ordinary income, and quarterly net income before income taxes each decreased by ¥17 million. There was no impact on the opening balance of retained earnings.」
Further quantifies the cumulative third-quarter impact of applying the revenue recognition accounting standard as a ¥39 million decrease in net sales and a ¥17 million decrease in operating income, ordinary income, and other items. - FY2022-Q2Quantification of the cumulative impact of the revenue recognition standardAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥20 million, cost of sales decreased by ¥11 million, and operating income, ordinary income, and quarterly net income before income taxes each decreased by ¥9 million. There was no impact on the opening balance of retained earnings.」
Further quantifies the impact of applying the revenue recognition accounting standard from the first quarter: for the cumulative second quarter, net sales decreased by ¥20 million, while operating income, ordinary income, and quarterly net income before income taxes each decreased by ¥9 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
Applied the accounting standards for revenue recognition and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year, changing the timing and measurement method for revenue recognition. As a result, net sales decreased by ¥5 million, while operating income, ordinary income, and quarterly net income before income taxes each decreased by ¥1 million.