Mrk Holdings (9980) · PolicyAdvanced
Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
2entries
2years
0from disclosures
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Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 365 companies write about · 218 as a headwind · 11 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 365 threads.Full recordFilings, disclosures and news, newest first
- FY2022AdvancedAnnual report
「As a result, net sales, operating income, ordinary income and profit before income taxes for the current consolidated fiscal year increased by ¥26.546 million, respectively. Retained earnings at the beginning of the period also increased by ¥17.343 million.」
The revenue recognition accounting standard was applied for the full fiscal year, increasing net sales, operating income, ordinary income and profit before income taxes by ¥26.546 million each, and retained earnings at the beginning of the period by ¥17.343 million. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 revenue recognition accounting standard and related standards were applied from the beginning of the current first-quarter consolidated accounting period. As a result, first-quarter net sales, operating loss, ordinary income and profit before income taxes increased by ¥15.23 million, and retained earnings at the beginning of the period increased by ¥17.343 million.