Change in Revenue Recognition Method Due to the Application of the Revenue Recognition Accounting Standard and Other Standards
First written in FY2022-Q1. 1 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
11 other companies' latest entry also says "Other".
- FY2022Full-year impact finalizedAnnual report
「As a result, for the fiscal year, operating revenue decreased by ¥325.617 million, operating costs decreased by ¥308.592 million, and operating profit, ordinary profit, and profit before income taxes decreased by ¥17.025 million each.」
As the impact of applying the revenue recognition accounting standard for the full fiscal year, the company disclosed decreases of ¥325.617 million in operating revenue and ¥17.025 million in operating profit and related items. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter, operating revenue decreased by ¥233.091 million, operating costs decreased by ¥223.062 million, and operating profit, ordinary profit, and profit before income taxes decreased by ¥10.028 million each.」
The company continued applying the revenue recognition accounting standard and disclosed decreases of ¥233.091 million in operating revenue and ¥10.028 million in operating profit and related items as the impact for the cumulative third quarter. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter, operating revenue decreased by ¥147.730 million, operating costs decreased by ¥141.187 million, and operating profit, ordinary profit, and profit before income taxes decreased by ¥6.543 million each.」
Regarding the application of the revenue recognition accounting standard, the company changed its treatment of transactions as an agent, transactions involving the compensated provision of materials, and revenue recognition over time for certain golf business transactions, and disclosed the impact on the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company applied the revenue recognition accounting standard and related standards from 1 October 2021, changing to net presentation for transactions as an agent, non-recognition of revenue for transactions involving the compensated provision of materials, and revenue recognition over time for certain transactions in the golf business. As a result of the application, operating revenue decreased by ¥75.967 million, while operating profit, ordinary profit, and profit before income taxes for the quarter each decreased by ¥3.725 million.