Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2022.
9 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, in the consolidated statement of income for the current consolidated fiscal year, net sales decreased by ¥3,301 million, cost of sales decreased by ¥2,497 million, operating income decreased by ¥803 million, non-operating expenses decreased by ¥470 million, and ordinary income and profit before income taxes for the year each decreased by ¥332 million.」
The specific full-year impact of applying the Revenue Recognition Standard and related standards on net sales, operating income, ordinary income and other items was disclosed. - FY2022-Q2Quantification of the impact of applying the accounting standardsAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year increased by ¥1,064 million, cost of sales increased by ¥1,509 million, operating income decreased by ¥444 million, non-operating expenses decreased by ¥237 million, and ordinary income and profit before income taxes for the quarter each decreased by ¥206 million.」
The specific impact of applying the Revenue Recognition Standard on net sales, cost of sales, operating income, ordinary income and other items for the cumulative second quarter was disclosed. - FY2022-Q1First statedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and recognizes revenue in a manner that depicts the transfer to customers of promised goods or services at the amount of consideration to which the company expects to be entitled in exchange for those goods or services.」
The Revenue Recognition Standard and related standards were applied from the beginning of the first quarter of fiscal 2021. The company changed its methods for recognizing initial lump-sum receipts under service contracts and revenue from construction contracts, and disclosed the amounts of the resulting impact on net sales, cost of sales and operating income.