Change in revenue presentation due to the adoption of the Revenue Recognition Accounting Standard and related standards
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
1 other company's latest entry also says "Other".
- FY2022-Q3Update to the Impact of Applying the Revenue Recognition StandardAnnual report
「As a result, operating revenue, net operating revenue, and selling, general and administrative expenses decreased by ¥60 million. There was no impact on operating income, ordinary income, income before income taxes and quarterly net income, or the opening balance of retained earnings.」
Regarding the Revenue Recognition Accounting Standard and other standards applied from the beginning of the first quarter, we disclosed that during the cumulative third quarter period, operating revenue, net operating revenue, and SG&A decreased by ¥60 million, while there was no impact on profit. - FY2022-Q2Update to the Impact of Applying the Revenue Recognition StandardAnnual report
「As a result, operating revenue, net operating revenue, and selling, general and administrative expenses decreased by ¥43 million. There was no impact on operating income, ordinary income, income before income taxes and quarterly net income, or the opening balance of retained earnings.」
Regarding the Revenue Recognition Accounting Standard and other standards applied from the beginning of the first quarter, we disclosed that during the cumulative second quarter period, operating revenue, net operating revenue, and SG&A decreased by ¥43 million, while there was no impact on profit. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current 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. Accordingly, consideration paid to customers, such as cashbacks, which had previously been accounted for as selling, general and administrative expenses, is now deducted from the transaction price.」
We applied the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the current fiscal year, changing the treatment of cashbacks and other items from selling, general and administrative expenses to a deduction from the transaction price. Operating revenue, net operating revenue, and selling, general and administrative expenses decreased by ¥24 million, but there was no impact on operating income, ordinary income, or retained earnings.