Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 5 of 8 entries say "Restated". Latest entry: FY2023.
64 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Both net sales and cost of sales for the fiscal year decreased by ¥7 million, so there was no impact on operating income, ordinary income or profit before income taxes for the fiscal year.」
Regarding the accounting standards for revenue recognition applied from the beginning of the fiscal year ending March 2022, the company disclosed that they continued to affect net sales and cost of sales during the fiscal year, but had no impact on profit. - FY2022RestatedAnnual report
「As a result, both net sales and cost of sales for the fiscal year decreased by ¥7 million, so there was no impact on operating income, ordinary income or profit before income taxes for the fiscal year.」
The company disclosed that application of the accounting standards for revenue recognition from the beginning of the fiscal year reduced net sales and cost of sales by ¥7 million each, with no impact on operating income or other profit figures. - FY2022-Q3RestatedAnnual report
「As a result, both net sales and cost of sales for the nine months ended the third quarter decreased by ¥7 million, so there was no impact on operating income, ordinary income or profit before income taxes for the quarterly period.」
The company disclosed that application of the accounting standards for revenue recognition reduced net sales and cost of sales by ¥7 million each, with no impact on operating income or other profit figures. - FY2022-Q2RestatedAnnual report
「As a result, both net sales and cost of sales for the six months ended the second quarter increased by ¥54 million, so there was no impact on operating income, ordinary income or profit before income taxes for the interim period.」
Regarding the accounting standards for revenue recognition applied from the beginning of the first quarter accounting period, the company disclosed that net sales and cost of sales each increased by ¥54 million during the six months ended the second quarter, with no impact on operating income or other profit figures. - FY2022-Q1AchievedAnnual report
「The company applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter accounting period, and began recognizing revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company actually applied the accounting standards for revenue recognition from the beginning of the first quarter accounting period, although application had been scheduled from the beginning of the fiscal year ending March 2022. For construction contracts, it changed to a method of recognizing revenue over time as performance obligations are satisfied. - FY2021Impact of application assessed as immaterialAnnual report
「The impact on the financial statements of applying the "Accounting Standard for Revenue Recognition" and related standards is immaterial.」
The company continues to plan to apply the accounting standards on revenue recognition from the beginning of the fiscal year ending March 2022 and states that the impact on the financial statements is immaterial. - FY2020RestatedAnnual report
「Scheduled to apply from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standards and related standards on revenue recognition from the beginning of the fiscal year ending March 2022. The amount of the impact was stated to be under evaluation as of the date of disclosure. - FY2019First statedAnnual report
「(2) Scheduled effective date Scheduled to apply from the beginning of the fiscal year ending March 2022.」
The accounting standards and implementation guidance on revenue recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact was under evaluation as of the date of disclosure.