Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. . Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2022-Q3Cumulative revenue impact updated to ¥36 millionAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥35.817 million, cost of sales decreased by ¥8.836 million and selling, general and administrative expenses decreased by ¥26.980 million. There was no impact on operating loss, ordinary loss, pretax quarterly net loss or the beginning balance of retained earnings for the current period.」
The decrease in cumulative revenue resulting from the application of the Revenue Recognition Standard and other relevant standards was ¥35.817 million, while there was no impact on profit or loss or the beginning balance of retained earnings. - FY2022-Q2Cumulative revenue impact updated to ¥16 millionAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥16.563 million, cost of sales decreased by ¥3.213 million and selling, general and administrative expenses decreased by ¥13.349 million. There was no impact on operating loss, ordinary loss, pretax quarterly net loss or the beginning balance of retained earnings for the current period.」
The decrease in cumulative revenue resulting from the application of the Revenue Recognition Standard and other relevant standards was ¥16.563 million. The company states that there was no impact on profit or loss or the beginning balance of retained earnings. - FY2022-Q1First statedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard"), and other relevant standards, from the beginning of the current first-quarter accounting period. 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 company applied the Revenue Recognition Standard and other relevant standards from the beginning of the current first-quarter accounting period and changed its recognition methods for its points program and delivery fee income. As a result, revenue for the cumulative first quarter decreased by ¥8.187 million, but there was no impact on operating loss, ordinary loss or pretax quarterly net loss.