Future Application of the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 7 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Disclosed the full-year impact of applying the revenue recognition standardAnnual report
「As a result, compared with the figures before applying the Accounting Standard for Revenue Recognition and other relevant standards, revenue in the consolidated income statement for the current consolidated fiscal year increased by ¥7,647 million and cost of sales increased by ¥7,655 million, while operating profit, ordinary profit, and profit before income taxes decreased by ¥8 million each.」
Applied the revenue recognition standard for the full fiscal year and disclosed its impact on revenue, cost of sales, and profit. - FY2022-Q3Updated cumulative impact of adopting the revenue recognition standardAnnual report
「As a result, revenue for the nine months ended the current third quarter increased by ¥4,412 million and cost of sales increased by ¥4,416 million, while operating profit, ordinary profit, and profit before income taxes decreased by ¥4 million each. The opening balance of retained earnings also decreased by ¥38 million.」
The impact of applying the revenue recognition standard on revenue, cost of sales, profit, and retained earnings for the nine months ended the current third quarter was specifically disclosed. - FY2022-Q2Disclosed the impact of applying the revenue recognition standardAnnual report
「As a result, revenue for the six months ended the current second quarter increased by ¥2,603 million and cost of sales increased by ¥2,618 million, while operating profit, ordinary profit, and profit before income taxes decreased by ¥14 million each. The opening balance of retained earnings also decreased by ¥38 million.」
The impact of applying the revenue recognition standard on revenue, cost of sales, profit, and opening retained earnings was specifically disclosed. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards were applied from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition standards and other relevant standards, which had been scheduled to apply from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first quarter of the consolidated fiscal year. As a result, revenue increased by ¥1,312 million, cost of sales increased by ¥1,324 million, and the opening balance of retained earnings decreased by ¥35 million. - FY2021AdvancedAnnual report
「The principal impact of applying the Accounting Standard for Revenue Recognition and other relevant standards on the consolidated financial statements is the cost recovery method, while other impacts are immaterial. The impact of the cost recovery method is still under assessment, but based on fiscal 2021 results, the estimated effects are an increase of ¥2,578 million in revenue from completed construction contracts, an increase of ¥2,578 million in costs of completed construction contracts, an increase of ¥2,526 million in accrued construction contract receivables, a decrease of ¥2,578 million in costs on uncompleted construction contracts, and a decrease of ¥52 million in advances received on uncompleted construction contracts.」
The impact of applying the revenue recognition standard from the beginning of the fiscal year ending March 2022 was specifically estimated on an actual-results basis using the cost recovery method. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other relevant standards will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards on the consolidated financial statements is currently under assessment.」
The revenue recognition standard is scheduled to apply from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other relevant standards will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards on the consolidated financial statements is currently under assessment.」
The Accounting Standard for Revenue Recognition and other relevant standards are scheduled to apply from the beginning of the fiscal year ending March 2022, and the impact on the financial statements is under assessment.