Decrease in Net Sales and Increase in Ordinary Profit Due to Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
- FY2022-Q3The impact on revenue expanded, while the impact on profit narrowedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥4,695 million, cost of sales decreased by ¥4,686 million, operating profit decreased by ¥5 million, and ordinary profit and profit before income taxes increased by ¥2 million each. In addition, the beginning balance of retained earnings increased by ¥7 million.」
While the cumulative decrease in revenue due to applying the revenue recognition standard expanded from ¥3,059 million in the second quarter to ¥4,695 million, its impact on ordinary profit changed from a ¥16 million increase to a ¥2 million increase. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥3,059 million, cost of sales decreased by ¥3,077 million, operating profit increased by ¥11 million, and ordinary profit and profit before income taxes increased by ¥16 million each.」
The impact of applying the revenue recognition standard expanded from a ¥1,088 million decrease in first-quarter revenue and a ¥3 million increase in ordinary profit to a ¥3,059 million decrease in cumulative revenue and a ¥16 million increase in ordinary profit. - FY2022-Q1First statedAnnual report
「As a result, revenue for the cumulative first quarter decreased by ¥1,088 million, cost of sales decreased by ¥1,094 million, operating profit increased by ¥0 million, and ordinary profit and profit before income taxes increased by ¥3 million each.」
Due to the application of the revenue recognition standard, revenue for the first quarter decreased by ¥1,088 million, while ordinary profit and profit before income taxes increased by ¥3 million each.