Change in Revenue Presentation Following Adoption of IFRS 15
First written in FY2019-Q1. 5 of 8 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2023-Q3.
1 other company's latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「As a result, operating revenue for the cumulative third quarter decreased by ¥2,798 million, cost of sales by ¥10 million, and selling, general and administrative expenses by ¥2,796 million, while the effects on operating loss, ordinary profit, profit before income taxes, and per-share information were immaterial.」
The cumulative presentation impact of applying the revenue recognition accounting standard was a decrease of ¥2,798 million in operating revenue and ¥2,796 million in selling, general and administrative expenses. - FY2023-Q2RestatedAnnual report
「As a result, operating revenue for the cumulative second quarter decreased by ¥1,829 million and selling, general and administrative expenses decreased by ¥1,842 million, while the effects on operating profit, ordinary profit, profit before income taxes, and per-share information were immaterial.」
The company continued to apply the revenue recognition accounting standard, resulting in presentation decreases of ¥1,829 million in operating revenue and ¥1,842 million in selling, general and administrative expenses for the cumulative second quarter. - FY2023-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company began applying the revenue recognition accounting standard to its domestic business on 1 March 2022, as planned in the previous fiscal year. Operating revenue decreased by ¥937 million, and selling, general and administrative expenses decreased by ¥941 million. - FY2022AdvancedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending February 2023. Previously, certain consideration paid to customers was recorded as selling commissions under selling, general and administrative expenses, but following the adoption of the accounting standard for revenue recognition and related standards, it will be deducted from operating revenue. This change is expected to reduce both operating revenue and selling, general and administrative expenses by approximately ¥4 billion.」
Following the change in revenue presentation after the adoption of IFRS 15, the company indicated plans to apply the revenue recognition standard to its domestic business from the fiscal year ending February 2023, with both operating revenue and selling, general and administrative expenses expected to decrease by approximately ¥4 billion. - FY2019AdvancedAnnual report
「As a result, operating revenue for the fiscal year decreased by ¥5,920 million, while selling, general and administrative expenses also decreased by ¥5,920 million.」
For the full year, the impact of the presentation change resulting from the adoption of IFRS 15 amounted to ¥5,920 million in both operating revenue and selling, general and administrative expenses. - FY2019-Q3AdvancedAnnual report
「As a result, operating revenue for the cumulative third quarter decreased by ¥4,500 million, while selling, general and administrative expenses also decreased by ¥4,500 million.」
The impact of the presentation change resulting from the adoption of IFRS 15 increased from ¥2,979 million for the cumulative second quarter to ¥4,500 million for the cumulative third quarter. - FY2019-Q2AdvancedAnnual report
「As a result, operating revenue for the cumulative second quarter decreased by ¥2,979 million, while selling, general and administrative expenses also decreased by ¥2,979 million.」
The impact of the presentation change accompanying the adoption of IFRS 15 increased from ¥1,443 million in the first quarter to ¥2,979 million for the cumulative second quarter. - FY2019-Q1First statedAnnual report
「The Group's IFRS-applying subsidiaries adopted IFRS 15, Revenue from Contracts with Customers, from the first quarter of the current fiscal year. Certain payments to customers had previously been accounted for as selling, general and administrative expenses, but have been deducted from operating revenue from the first quarter of the current fiscal year. As a result, operating revenue for the cumulative first quarter decreased by ¥1,443 million, while selling, general and administrative expenses also decreased by ¥1,443 million.」
The IFRS-applying subsidiaries adopted IFRS 15 and changed the presentation of certain customer payments. Operating revenue and selling, general and administrative expenses each decreased by ¥1,443 million.