Change in Revenue Recognition Method Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. . Latest entry: FY2022.
12 other companies' latest entry also says "Other".
- FY2022Full-Year Impact of the Revenue Recognition Standard FinalizedAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥1,449 million, while the impact on operating loss was immaterial. There was also no impact on ordinary loss, net loss before income taxes or the opening balance of retained earnings.」
The impact of applying the Revenue Recognition Accounting Standard on full-year net sales was disclosed as a decrease of ¥1,449 million. - FY2022-Q3Cumulative impact of the revenue recognition standard updatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥1,041 million, while the impact on operating loss was immaterial. There was also no impact on ordinary loss, quarterly net loss before income taxes or the opening balance of retained earnings.」
The cumulative impact of applying the Revenue Recognition Accounting Standard from the first quarter on net sales for the cumulative third quarter was disclosed as a decrease of ¥1,041 million. - FY2022-Q2Cumulative impact of the revenue recognition standard updatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥578 million, while the impact on operating loss was immaterial. There was also no impact on ordinary loss, quarterly net loss before income taxes or the opening balance of retained earnings.」
The impact of applying the Revenue Recognition Accounting Standard from the first quarter on net sales for the cumulative second quarter was disclosed as a decrease of ¥578 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting 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. Accordingly, when recognizing revenue from goods or services, the Group recognizes the transaction as a principal transaction if it determines that it controls the goods or services before providing them to the customer, and as an agent transaction if it does not make that determination.」
The Revenue Recognition Accounting Standard was applied from the first quarter of fiscal 2021, and the method of recognizing only the commission-equivalent portion as revenue was adopted for revenue from contract-operated cafeterias and management services, among others, treated as agent transactions. As a result, net sales for the quarter decreased by ¥254 million.