Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. . Latest entry: FY2027-H1.
- FY2027-H1Applied the accounting standards for interim financial statementsAnnual report
「The “Accounting Standard for Interim Financial Statements” (ASBJ Statement No. 37, 16 October 2025) and the “Implementation Guidance on Accounting Standard for Interim Financial Statements” (ASBJ Guidance No. 34, 16 October 2025) have been applied from the beginning of the interim consolidated accounting period. There was no impact on the interim consolidated financial statements.」
The new accounting standards and related guidance for interim financial statements were applied from the beginning of the interim consolidated accounting period, with no impact on the financial statements, as disclosed. - FY2022Cumulative impact of fiscal-year application disclosedAnnual report
「As a result, compared with before applying the revenue recognition accounting standards and other relevant standards, the consolidated balance sheet for the current consolidated fiscal year shows an increase of ¥14.514 million in advances received and a decrease of ¥3.735 million in retained earnings. The consolidated income statement for the current consolidated fiscal year shows decreases of ¥252.491 million in net sales and ¥248.756 million in cost of sales, an increase of ¥3.735 million in operating loss, and decreases of ¥3.735 million each in ordinary income and net income before income taxes.」
The cumulative annual impact of applying the revenue recognition accounting standard for the full fiscal year on net sales, operating loss, retained earnings and other items was disclosed. - FY2022-Q3Cumulative impact of the revenue recognition standard updatedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥146.556 million, cost of sales decreased by ¥144.537 million, operating loss increased by ¥2.019 million, and ordinary profit and quarterly profit before income taxes and other adjustments each decreased by ¥2.019 million. The opening balance of retained earnings also decreased by ¥9.459 million.」
The cumulative impact on revenue, operating loss and retained earnings of the revenue recognition accounting standard applied from the first quarter was updated for the nine months ended the third quarter. - FY2022-Q2Updating the cumulative impact of applying the accounting standardsAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥59.999 million, cost of sales decreased by ¥59.123 million, operating loss increased by ¥0.876 million, and ordinary profit and quarterly profit before income taxes and other adjustments each decreased by ¥0.876 million. The opening balance of retained earnings also decreased by ¥9.459 million.」
The cumulative impact on revenue and other items of the revenue recognition accounting standard applied from the first quarter was updated for the six months ended the second quarter. - FY2022-Q1First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards were 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. As a result of identifying the performance obligations in contracts with customers, membership fee revenue under the membership program for cinema admissions in the video-related business, which had been recognized when members joined, is now recognized over the membership period. In addition, sales from comprehensive advertising services in the video-related business for which the company was determined to have acted as an agent, which had been recognized on a gross basis, are now recognized on a net basis.」
The revenue recognition accounting standard was applied from the beginning of the first quarter of the current consolidated fiscal year, changing the revenue recognition methods for cinema membership fees and comprehensive advertising services. As a result, revenue for the current quarter decreased by ¥32.422 million, operating loss decreased by ¥0.520 million, and the opening balance of retained earnings decreased by ¥9.459 million.