Adoption of revenue recognition accounting standards
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, revenue for the current third-quarter cumulative period increased by ¥209.439 million, cost of sales increased by ¥166.110 million, and operating profit, ordinary profit and quarterly profit before income taxes increased by ¥43.328 million each. The beginning balance of retained earnings also decreased by ¥81.334 million.」
The impact of the Revenue Recognition Standard, applied from the first quarter, on revenue and profit for the third-quarter cumulative period was disclosed. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the current first quarter, 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. As a result, the beginning balance of retained earnings decreased by ¥81.334 million, although the impact on profit or loss for the current first-quarter cumulative period was immaterial.」
The Revenue Recognition Standard and other standards were applied from the beginning of the current quarter, reducing the beginning balance of retained earnings by ¥81.334 million. The impact on quarterly profit or loss was considered immaterial.