Future application of the Accounting Standard for Revenue Recognition
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
13 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, for the fiscal year, net sales decreased by ¥30.620 million and selling, general and administrative expenses decreased by ¥30.326 million, while operating income, ordinary income and profit before income taxes decreased by ¥293 thousand each. In addition, the opening balance of retained earnings decreased by ¥3.226 million.」
The company disclosed the specific full-year effects of applying the accounting standards for revenue recognition on net sales, SG&A expenses, profit and opening retained earnings. - FY2022-Q3AdvancedAnnual report
「As a result, for the nine months ended 31 December of the current fiscal year, net sales decreased by ¥21.515 million and selling, general and administrative expenses decreased by ¥22.933 million, while operating income, ordinary income and profit before income taxes each increased by ¥1.417 million. In addition, the opening balance of retained earnings decreased by ¥3.226 million.」
The company disclosed the specific effects of applying the accounting standards for revenue recognition on net sales, SG&A expenses, profit and opening retained earnings, based on the nine-month cumulative period. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended 30 September of the current fiscal year, net sales decreased by ¥14.621 million and selling, general and administrative expenses decreased by ¥15.292 million, while operating income, ordinary income and profit before income taxes each increased by ¥670 thousand. In addition, the opening balance of retained earnings decreased by ¥3.226 million.」
The company disclosed the specific effects of changes in the treatment of sales commissions and other items under the accounting standards for revenue recognition on net sales, SG&A expenses, profit and opening retained earnings after the standards took effect. - FY2022-Q1AchievedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other 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 accounting standards for revenue recognition and related standards, which were scheduled to be applied from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current consolidated fiscal year. As a result, net sales decreased by ¥7.129 million and selling, general and administrative expenses decreased by ¥8.018 million, while operating income and related figures increased by ¥888 thousand. - FY2021RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company continues to disclose its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact currently under assessment.