Preparation for Adoption of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending June 2022
First written in FY2020. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
79 other companies' latest entry also says "Other".
- FY2022Full-year impact of revenue recognition accounting standard: ¥2,730 millionAnnual report
「As a result, revenue and selling, general and administrative expenses for the consolidated fiscal year each decreased by ¥2,730 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The company disclosed that applying the Revenue Recognition Accounting Standard reduced both full-year revenue and selling, general and administrative expenses by ¥2,730 million, with no impact on profit. - FY2022-Q2Six-month impact of revenue recognition accounting standard: ¥1,846 millionAnnual report
「As a result, revenue and selling, general and administrative expenses for the six months ended the second quarter each decreased by ¥1,846 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The company disclosed that applying the Revenue Recognition Accounting Standard reduced both revenue and selling, general and administrative expenses for the six months ended the second quarter by ¥1,846 million, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first quarter of the current consolidated 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 is transferred to the customer. Previously, some consideration paid to customers was recorded as selling, general and administrative expenses, but such consideration is now deducted from revenue. As a result, revenue and selling, general and administrative expenses for the nine months ended the first quarter each decreased by ¥877 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
As preparation for applying the Revenue Recognition Accounting Standard and related standards from the fiscal year ending June 2022, the company applied them from the beginning of the first quarter and changed its presentation so that consideration paid to customers is deducted from revenue. Revenue and selling, general and administrative expenses were each affected by ¥877 million, with no impact on profit. - FY2020First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending June 2022.」
The company plans to apply the new revenue recognition accounting standards and related standards from the beginning of the fiscal year ending June 2022, and stated that it was evaluating the impact at this time.