Early Adoption of the Accounting Standard for Revenue Recognition and Consulting Expansion
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021.
- FY2021AdvancedAnnual report
「We early adopted the Accounting Standard for Revenue Recognition in the fiscal year beginning 1 October 2020. The purpose is to compile the expertise gained through applying the standard and provide it as a consulting service for listed companies. … The web seminar received more than 4,250 cumulative registrations.」
We early adopted the Accounting Standard for Revenue Recognition, and cumulative registrations for the web seminar using the expertise gained from its application exceeded 4,250. - FY2021-Q2AdvancedAnnual report
「We early adopted the Accounting Standard for Revenue Recognition in the fiscal year beginning 1 October 2020. The purpose is to compile the expertise gained through applying the standard and provide it as a consulting service for listed companies. … For the cumulative second quarter, revenue decreased by ¥1,135 million and cost of sales decreased by ¥1,561 million, while operating profit, ordinary profit and profit before income taxes increased by ¥425 million each.」
We early adopted the Accounting Standard for Revenue Recognition, resulting in a ¥1,135 million decrease in revenue and other effects for the cumulative quarter. More than 4,000 cumulative registrations were received for a web seminar using the expertise gained from its application. - FY2021-Q1AdvancedAnnual report
「We early adopted the Accounting Standard for Revenue Recognition in the fiscal year beginning 1 October 2020. The purpose is to compile the expertise gained through applying the standard and provide it as a consulting service for listed companies. Compared with the previous method, revenue for the cumulative first quarter of the fiscal year decreased by ¥451 million, cost of sales decreased by ¥547 million, and operating profit, ordinary profit and profit before income taxes increased by ¥95 million each.」
We early adopted the Accounting Standard for Revenue Recognition from the fiscal year beginning in October 2020. We maintained the objective of applying the expertise gained from its implementation to consulting for listed companies, and the quarter saw presentation effects including a ¥451 million decrease in revenue. - FY2020First statedAnnual report
「We decided to early adopt the Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition in the fiscal year beginning 1 October 2020 (the 55th fiscal year). The purpose is to compile the expertise gained through our application of the Accounting Standard for Revenue Recognition and provide it as a consulting service for listed companies.」
We first announced plans to early adopt the new revenue recognition standard from the fiscal year beginning in October 2020 and provide the expertise gained from its application as a consulting service for listed companies. Revenue was forecast at ¥69,000 million before application and ¥66,000 million after application, a difference of ¥3,000 million.