Changes in Revenue Recognition Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
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- FY2022-Q3Cumulative impact updatedAnnual report
「As a result, revenue for the nine months ended 31 December 2020 decreased by ¥12,980 million, cost of sales decreased by ¥12,909 million, and operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥70 million. There was no impact on the opening balance of retained earnings.」
The company updated the impact for the nine months ended 31 December 2020 of applying the revenue recognition accounting standard and related standards. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the six months ended 30 September 2020 decreased by ¥8,329 million, cost of sales decreased by ¥8,303 million, and operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥26 million. There was no impact on the opening balance of retained earnings.」
The company disclosed the impact for the six months ended 30 September 2020 of applying the revenue recognition accounting standard and related standards. Revenue decreased by ¥8,329 million, cost of sales decreased by ¥8,303 million, and operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥26 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current fiscal year, we applied the Accounting Standard for Revenue Recognition and related standards and began recognizing revenue at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
Transactions involving agents were changed from gross to net presentation, and revenue from domestic sales was changed to a method recognizing revenue at the time of shipment when the usual transfer period applies. As a result, first-quarter revenue decreased by ¥4,489 million, while operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥89 million.