Adoption of the Revenue Recognition Accounting Standard in 2022
First written in FY2019. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
- FY2022-Q3Third-quarter impact updatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥3,697.471 million, while cost of sales decreased by the same amount, but there was no impact on operating profit, ordinary profit or profit before income taxes. There was also no impact on retained earnings at the beginning of the period.」
The company disclosed a ¥3,697.471 million decrease in net sales for the cumulative third quarter due to application of the Revenue Recognition Accounting Standard. Cost of sales also decreased by the same amount, with no impact on operating profit or other profit figures. - FY2022-Q2Update of the impact of application for the second quarterAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥2,602.733 million, while cost of sales decreased by the same amount, but there was no impact on operating profit, ordinary profit or profit before income taxes. There was also no impact on retained earnings at the beginning of the period.」
The company disclosed a ¥2,602.733 million decrease in net sales for the first half on a cumulative basis due to application of the Revenue Recognition Accounting Standard. Cost of sales also decreased by the same amount, with no impact on operating profit or other profit figures. - FY2022-Q1AchievedAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year.」
The company applied the Revenue Recognition Accounting Standard, which had been scheduled for application from the beginning of the fiscal year ending April 2022, from the beginning of the first quarter of the current fiscal year. Net presentation of agency transactions and the deduction of effective discounts at the time of handset sales from revenue reduced net sales by ¥1,217.127 million, but had no impact on operating profit or other profit figures. - FY2019First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the fiscal year ending April 2022.」
The company indicated that it planned to apply the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the fiscal year ending April 2022. The impact was still being assessed at that time.