Future Application of the Accounting Standard for Revenue Recognition
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
86 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥5,705 million, cost of sales decreased by ¥2,968 million, and selling, general and administrative expenses decreased by ¥2,736 million. There was no impact on operating profit, ordinary profit, quarterly net income before income taxes and other adjustments, or the opening balance of retained earnings.」
The company continues to apply the Revenue Recognition Accounting Standard and other standards, stating that net sales decreased by ¥5,705 million for the cumulative third quarter, while there was no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥3,629 million, cost of sales decreased by ¥1,911 million, and selling, general and administrative expenses decreased by ¥1,717 million. There was no impact on operating profit, ordinary profit, quarterly net income before income taxes and other adjustments, or the opening balance of retained earnings.」
The company continues to apply the Revenue Recognition Accounting Standard and other standards, stating that net sales decreased by ¥3,629 million for the cumulative second quarter, while there was no impact on profit. - FY2022-Q1AchievedAnnual report
「The company applied the "Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other 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.」
The company applied the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the current consolidated fiscal year, rather than from the beginning of the fiscal year ending March 2022 as previously planned. The application reduced net sales by ¥2,061 million, but had no impact on profit. - FY2021RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and expected no material impact from its application on the opening balance of retained earnings or net income for the following fiscal year. - FY2020RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
For the head office and domestic consolidated subsidiaries, the company planned to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and stated that the impact was under evaluation. - FY2019First statedAnnual report
「"Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 30 March 2018) and "Implementation Guidance on Accounting Standard for Revenue Recognition" (Implementation Guidance No. 30, 30 March 2018)」
For the head office and domestic consolidated subsidiaries, the company planned to apply the comprehensive accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and stated that the impact was under evaluation.