Scheduled adoption of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2023
First written in FY2019. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, revenue for the cumulative consolidated third quarter increased by ¥1,359.124 million, cost of sales increased by ¥740.721 million, and operating profit, ordinary profit and profit before income taxes each increased by ¥618.402 million. The opening balance of retained earnings for the current period also increased by ¥260.553 million.」
For the Accounting Standard for Revenue Recognition adopted from the first quarter, the company continues to disclose the impacts on revenue, profit and retained earnings at the beginning of the fiscal year for the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「As a result, net sales for the first six months of the current consolidated fiscal year increased by ¥626.959 million, cost of sales increased by ¥395.825 million, and operating profit, ordinary profit and profit before income taxes increased by ¥231.133 million each. Retained earnings at the beginning of the fiscal year also increased by ¥260.553 million.」
For the Accounting Standard for Revenue Recognition adopted from the first quarter, the company continues to disclose the impacts on revenue, profit and retained earnings at the beginning of the fiscal year for the cumulative second quarter. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied 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 company adopted the Accounting Standard for Revenue Recognition from the first quarter, as scheduled from the beginning of the fiscal year ending March 2023. For construction and other projects, the company changed its method to recognize revenue over a period of time as performance obligations are satisfied in principle. Revenue increased by ¥693,733 thousand, while operating income, ordinary income and quarterly net income before taxes and other adjustments each increased by ¥256,374 thousand. - FY2022RestatedAnnual report
「Scheduled to be adopted from the beginning of the fiscal year ending March 2023.」
The company continues to plan to adopt the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2023. - FY2021RestatedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) …… Scheduled to be adopted from the beginning of the fiscal year ending March 2023.」
The company continues to disclose its plan to adopt the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2023. - FY2020RestatedAnnual report
「Scheduled for application from the beginning of the fiscal year ending March 2023.」
The company continues to disclose its plan to adopt the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2023. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) …… Scheduled adoption date: scheduled to be adopted from the beginning of the fiscal year ending March 2023.」
The company has disclosed for the first time that it plans to adopt the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2023. The impact is still being assessed.