Adoption of the Accounting Standard for Revenue Recognition
First written in FY2022-Q1. . Latest entry: FY2022.
10 other companies' latest entry also says "Other".
- FY2022Disclosure of the impact of annual applicationAnnual report
「As a result, net sales and cost of sales for the current fiscal year increased by ¥1,141 million each, but there was no impact on operating income, ordinary income, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」
The annual application of the revenue recognition standard increased net sales and cost of sales by ¥1,141 million each, with no impact on profit measures. - FY2022-Q3Impact of applying the revenue recognition standard specified as ¥828 millionAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter increased by ¥828 million each, but there was no impact on operating income, ordinary income, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」
The impact of applying the revenue recognition standard for the cumulative third quarter was specified as an increase of ¥828 million each in net sales and cost of sales. There was no impact on profit measures. - FY2022-Q2Disclosure of the impact of adoptionAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter increased by ¥553 million each, but there was no impact on operating income, ordinary income, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」
The impact of applying the revenue recognition standard for the cumulative second quarter was disclosed: net sales and cost of sales each increased by ¥553 million, while there was no impact on profit measures. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the first quarter of the current fiscal year, and 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 main change resulting from this adoption concerns revenue related to utility charges collected from tenants. These charges were previously deducted from cost of sales, but following an assessment of the Company's role in providing goods or services to customers, as principal or agent, the Company changed to recognizing the revenue on a gross basis.」
The revenue recognition standard was applied from 1 April 2021, and the Company changed to presenting utility charges collected from tenants on a gross basis. Both net sales and cost of sales increased by ¥250 million, with no impact on operating income or other profit measures.