Adoption of the Revenue Recognition Standard
First written in FY2023-Q1. . Latest entry: FY2023.
10 other companies' latest entry also says "Other".
- FY2023Disclosure of full-year adoption impactAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥318.419 million, cost of sales decreased by ¥328.869 million, and the operating loss decreased by ¥10.45 million, while ordinary profit and profit before income taxes increased by the same amount.」
The Company disclosed the impact of applying the revenue recognition accounting standard for the full fiscal year on net sales, cost of sales, operating loss and other items. - FY2023-Q3Cumulative update to the impact of adoptionAnnual report
「As a result, net sales for the cumulative nine-month period of the current consolidated fiscal year decreased by ¥262.411 million, cost of sales decreased by ¥258.602 million, and the operating loss increased by ¥3.808 million, while ordinary profit and profit before income taxes decreased by the same amount.」
The Company disclosed the impact of applying the revenue recognition accounting standard for the cumulative nine-month period, including decreases in net sales and cost of sales and an increase in operating loss. - FY2023-Q2Clarification of the impact of adoptionAnnual report
「As a result, net sales for the cumulative six-month period of the current consolidated fiscal year decreased by ¥171.675 million, cost of sales decreased by ¥176.764 million, and the operating loss decreased by ¥5.089 million, while ordinary profit and profit before income taxes decreased by the same amount.」
The Company has disclosed for the first time the specific impacts of applying the revenue recognition accounting standard on net sales, cost of sales, and operating loss. - FY2023-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter of the current consolidated 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 is transferred to the customer.」
The Company changed its revenue recognition methods for principal-agent transactions, customer loyalty programs, and returns, and disclosed the resulting impact of net sales of ¥119.635 million, cost of sales of ¥107.677 million, and an operating loss of ¥11.958 million.