Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. . Latest entry: FY2022.
- FY2022Annual impact disclosedAnnual report
「In addition, for the current consolidated fiscal year, net sales increased by ¥15,778 million, cost of sales by ¥8,914 million, operating profit by ¥6,863 million, and ordinary profit and profit before income taxes and other adjustments by ¥8,559 million each.」
The company disclosed the annual impact of applying the Revenue Recognition Standard on net sales, cost of sales, operating profit, ordinary profit and other items. - FY2022-Q3Disclosure of the impact for the cumulative third quarterAnnual report
「In addition, for the cumulative third quarter of the current consolidated fiscal year, net sales increased by ¥23,084 million, cost of sales by ¥12,998 million, operating profit by ¥10,085 million, and ordinary profit and profit before income taxes and other adjustments by ¥9,591 million each.」
The company disclosed the impact of applying the Revenue Recognition Standard on net sales, cost of sales, operating profit, ordinary profit and other items for the cumulative third quarter. - FY2022-Q2Details of the impact of applying the accounting standardsAnnual report
「In addition, for the cumulative second quarter of the current consolidated fiscal year, net sales increased by ¥12,269 million, cost of sales by ¥10,053 million, operating profit by ¥2,215 million, and ordinary profit and profit before income taxes and other adjustments by ¥1,836 million each.」
The company disclosed the impact of applying the Revenue Recognition Standard on net sales, cost of sales, operating profit, ordinary profit and other items for the cumulative second quarter. - 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 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 Revenue Recognition Standard and other standards were applied from the first quarter beginning 1 April 2021, and the company transitioned to an accounting policy of recognizing revenue when control is transferred to the customer.