Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ended March 2022
First written in FY2019. 6 of 9 entries say "Restated". Latest entry: FY2023-Q3.
84 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Because the Revenue Recognition Standard and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year and the accounting method for revenue recognition was changed, the method of calculating segment profit or loss was changed accordingly. As a result, compared with the previous method, net sales in the “Equipment Construction Business” decreased by ¥79 million and segment profit by ¥1 million for the cumulative third-quarter period.」
The Company continues to apply the Revenue Recognition Standard and related changes to the method of calculating segment profit. For the cumulative third-quarter period, net sales in the equipment construction business decreased by ¥79 million and segment profit by ¥1 million. - FY2023-Q2RestatedAnnual report
「Because the Revenue Recognition Standard and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year and the accounting method for revenue recognition was changed, the method of calculating segment profit or loss was changed accordingly. As a result, compared with the previous method, net sales in the “Equipment Construction Business” decreased by ¥31 million and segment profit by ¥1 million for the cumulative second-quarter period.」
The Company continues to apply the Revenue Recognition Standard and related standards and has also changed the method of calculating business segment results. For the cumulative second-quarter period, net sales in the equipment construction business decreased by ¥31 million and segment profit by ¥1 million. - FY2023-Q1RestatedAnnual report
「Because the Revenue Recognition Standard and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year and the accounting method for revenue recognition was changed, the method of calculating segment profit or loss was changed accordingly.」
The Company continues to apply the Revenue Recognition Standard and related standards and has likewise changed the method of calculating business segment results. In the equipment construction business, net sales decreased by ¥6 million and segment profit by ¥1 million in the first quarter compared with the previous method. - FY2022RestatedAnnual report
「The Revenue Recognition Standard and related standards have been applied from the beginning of the current consolidated fiscal year. Revenue is recognized 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 continues to apply the Revenue Recognition Standard from the beginning of FY2022 and states that, for the current fiscal year, net sales decreased by ¥113 million and operating profit by ¥1 million, with no impact on ordinary profit or profit before income taxes and other adjustments for the year. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized 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. As a result, for the cumulative third-quarter period, net sales decreased by ¥79 million, cost of sales decreased by ¥78 million and operating profit decreased by ¥1 million. However, because non-operating expenses decreased by ¥1 million, there was no impact on ordinary profit or profit before income taxes and other adjustments for the quarter.」
The Company continues to apply the Revenue Recognition Standard and states that for the cumulative third-quarter period, net sales decreased by ¥79 million and operating profit by ¥1 million, while there was no impact on ordinary profit or profit before income taxes and other adjustments for the quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized 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. As a result, for the cumulative second-quarter period, net sales decreased by ¥31 million, cost of sales decreased by ¥30 million and operating profit decreased by ¥1 million. However, because non-operating expenses decreased by ¥1 million, there was no impact on ordinary profit or profit before income taxes and other adjustments for the quarter.」
Regarding the Revenue Recognition Standard applied from the beginning of the first quarter of the current consolidated fiscal year, the Company states that for the cumulative second-quarter period, net sales decreased by ¥31 million and operating profit by ¥1 million, while there was no impact on ordinary profit or profit before income taxes and other adjustments for the quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the key management indicators and other figures for the cumulative first-quarter period reflect application of these standards.」
The accounting standards for revenue recognition and related standards were actually applied from the beginning of the first quarter of the fiscal year ending March 2022. - FY2021AdvancedAnnual report
「(2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is immaterial.」
The Company continues to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and assesses its impact on the consolidated financial statements as immaterial. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The Company plans to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and is assessing its impact on the financial statements.