Change in the method of recognizing revenue due to the adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Compared with the previous method, net sales for the fiscal year decreased by ¥195.466 million, cost of sales by ¥158.830 million, and operating income, ordinary income and profit before income taxes for the year by ¥36.635 million, respectively.」
The impact of applying the Revenue Recognition Standard for the full fiscal year on net sales, cost of sales, operating income and other items was disclosed quantitatively. - FY2022-Q3AdvancedAnnual report
「Compared with the previous method, net sales for the nine months ended the third quarter decreased by ¥356.852 million, cost of sales by ¥276.007 million, and operating income, ordinary income and profit before income taxes for the quarter by ¥80.844 million, respectively.」
The impact of applying the Revenue Recognition Standard on net sales, cost of sales and each profit item for the nine months ended the third quarter was disclosed quantitatively. - FY2022-Q2AdvancedAnnual report
「Compared with the previous method, net sales for the six months ended the second quarter decreased by ¥181.400 million, cost of sales by ¥163.003 million, and operating income, ordinary income and profit before income taxes for the quarter by ¥18.396 million, respectively.」
The impact of applying the Revenue Recognition Standard on net sales, cost of sales and each profit item for the six months ended the second quarter was newly disclosed quantitatively. - FY2022-Q1First statedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards 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 1 September 2021, changing the method of recognizing sales to exclude the estimated amount of returns. As a result of the application, first-quarter net sales decreased by ¥51.123 million, operating income and other items decreased by ¥6.609 million, and the opening balance of retained earnings decreased by ¥15.541 million.