Decline in Retained Earnings Due to the Application of the Revenue Recognition Standard
First written in FY2021. 2 of 5 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Full-Year Impact of the Accounting Standard ConfirmedAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥381 million, cost of sales decreased by ¥294 million, income from investments accounted for using the equity method increased by ¥26 million, operating income decreased by ¥87 million, and ordinary income and net income before income taxes decreased by ¥61 million each. In addition, because the cumulative impact was reflected in net assets at the beginning of the current consolidated fiscal year, the opening balance of retained earnings in the consolidated statement of changes in shareholders' equity and other items decreased by ¥1,137 million.」
The full-year impact of adopting the revenue recognition accounting standard was finalized, with disclosure of a ¥381 million decrease in net sales, an ¥87 million decrease in operating income and a ¥1,137 million decrease in opening retained earnings, among other impacts. - FY2022-Q3Cumulative impact of adopting the accounting standard updatedAnnual report
「As a result, for the first nine months of the current consolidated fiscal year, net sales decreased by ¥486 million, cost of sales decreased by ¥380 million, and operating income, ordinary income and quarterly net income before income taxes decreased by ¥106 million each. The opening balance of retained earnings also decreased by ¥1,081 million.」
The cumulative impact of adopting the revenue recognition accounting standard and other standards was updated to show a ¥486 million decrease in net sales, a ¥106 million decrease in operating income and other items, and a ¥1,081 million decrease in opening retained earnings. - FY2022-Q2MaterialisedAnnual report
「As a result, for the first six months of the current consolidated fiscal year, net sales decreased by ¥316 million, cost of sales decreased by ¥214 million, and operating income, ordinary income and quarterly net income before income taxes decreased by ¥101 million each. The opening balance of retained earnings also decreased by ¥1,081 million.」
The impact of adopting the revenue recognition accounting standard and other standards was quantified for the six-month period and disclosed as a ¥316 million decrease in net sales, a ¥101 million decrease in operating income and other items, and a ¥1,081 million decrease in opening retained earnings. - FY2022-Q1MaterialisedAnnual report
「As a result, for the first quarter of the current consolidated cumulative period, net sales decreased by ¥119 million, cost of sales decreased by ¥39 million, and operating income, ordinary income and quarterly net income before income taxes decreased by ¥80 million each. The opening balance of retained earnings also decreased by ¥1,081 million.」
The revenue recognition accounting standard and other standards were adopted from 1 April 2021, and the actual impacts disclosed were a ¥119 million decrease in net sales, an ¥80 million decrease in operating income and other items, and a ¥1,081 million decrease in opening retained earnings. - FY2021First statedAnnual report
「The adoption of the Accounting Standard for Revenue Recognition and other standards is expected to reflect the cumulative impact in net assets at the beginning of the following consolidated fiscal year, reducing the opening balance of retained earnings by ¥1,081 million.」
The Group plans to adopt the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and, for the first time, states that the opening balance of retained earnings is expected to decrease by ¥1,081 million.