Preparation for Applying the Revenue Recognition Accounting Standard
First written in FY2018. 2 of 8 entries say "Restated". Latest entry: FY2022.
81 other companies' latest entry also says "Other".
- FY2022Further detail on the impact of adoptionAnnual report
「As a result, net sales for the current consolidated fiscal year increased by ¥115.517 million, cost of sales increased by ¥86.755 million, and operating income, ordinary income, and profit before income taxes increased by ¥28.762 million each.」
The full-year impact of applying the Accounting Standard for Revenue Recognition was quantified as increases in net sales, cost of sales, and operating income and related items. - FY2022-Q3Cumulative impact of adoption quantifiedAnnual report
「In addition, following the adoption of the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the first quarter of the current consolidated fiscal year, revenue increased by ¥223 million, cost of sales increased by ¥182 million, and operating profit, ordinary profit and profit before income taxes increased by ¥41 million each.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the cumulative impact through the third quarter was ¥223.540 million on net sales, ¥182.431 million on cost of sales, and ¥41.109 million on operating income and related items. - FY2022-Q2Cumulative impact of adoption quantifiedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥96.355 million, cost of sales decreased by ¥139.616 million, and operating profit, ordinary profit and profit before income taxes increased by ¥43.260 million each.」
The impact on revenue, cost of sales and profit through the cumulative second quarter was quantified for the accounting standard for revenue recognition adopted from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The accounting standard for revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending May 2022, was adopted from the beginning of the first quarter of the current consolidated fiscal year. Revenue decreased by ¥32.981 million, while operating profit and other measures increased by ¥44.677 million. - FY2021Quantification of the ImpactAnnual report
「Following the adoption of the accounting standards and related standards, revenue in the consolidated financial statements for the fiscal year ending May 2022 is expected to decrease by approximately ¥500 million compared with the previous method, while the impact on profit is expected to be immaterial.」
The policy of adopting the standard from the beginning of the fiscal year ending May 2022 was maintained, and the expected impact on revenue was specified as a decrease of approximately ¥500 million. - FY2020RestatedAnnual report
「This will be applied from the beginning of the fiscal year ending May 2022.」
The plan to adopt the accounting standard for revenue recognition from the beginning of the fiscal year ending May 2022 was reconfirmed. - FY2019RestatedAnnual report
「This will be applied from the beginning of the fiscal year ending May 2022.」
The plan to adopt the accounting standard for revenue recognition from the beginning of the fiscal year ending May 2022 was reconfirmed. - FY2018First statedAnnual report
「The new standards will be applied from the beginning of the fiscal year ending May 2022.」
The planned adoption of the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending May 2022 was disclosed for the first time.