Adoption of the accounting standard for revenue recognition from the fiscal year ending March 2022
First written in FY2019. 1 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Full-year update to the impact of applying accounting standardsAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥20,583 million, cost of sales by ¥4,288 million, and selling, general and administrative expenses by ¥16,294 million for the current consolidated fiscal year, while operating income, ordinary income, and profit before income taxes for the fiscal year remained unchanged.」
The Revenue Recognition Accounting Standard was applied for the full fiscal year. Although the amounts presented as net sales and other items decreased, operating income, ordinary income, and profit before income taxes for the fiscal year were unaffected, according to the explanation. - FY2022-Q3Update to the Impact of Applying the Accounting StandardAnnual report
「As a result, compared with the previous accounting treatment, net sales decreased by ¥15,777 million, cost of sales by ¥3,293 million, and selling, general and administrative expenses by ¥12,484 million for the cumulative first three quarters of the current fiscal year, while operating income, ordinary income, and profit before income taxes for the quarter remained unchanged.」
Following application of the Revenue Recognition Accounting Standard, the impact on net sales and other items for the cumulative period was updated. The presentation reduced net sales and other items, but operating income, ordinary income, and profit before income taxes for the quarter were unaffected, according to the explanation. - 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 other standards from the beginning of the first quarter of the current fiscal year, and recognizes revenue 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. As a result, compared with the previous accounting treatment, net sales decreased by ¥5,202 million, cost of sales by ¥1,112 million, and selling, general and administrative expenses by ¥4,090 million for the cumulative first quarter of the current fiscal year, while operating income, ordinary income, and profit before income taxes for the quarter attributable to the company remained unchanged.」
The company actually applied the Revenue Recognition Accounting Standard scheduled for application from the beginning of the fiscal year ending March 2022, changing the presentation of promotional cooperation payments and outsourced delivery expenses. Net sales decreased by ¥5,202 million, but operating income and other income figures were unaffected, according to the disclosure. - FY2021AdvancedAnnual report
「The application of the Accounting Standard for Revenue Recognition and other standards will affect the consolidated financial statements because certain items, including outsourced delivery recorded in cost of sales, and selling, general and administrative expenses, and transactions involving the provision of goods for consideration, will be deducted from net sales instead. There will be no impact on retained earnings at the beginning of the period.」
The company provided details on the impact on the presentation of net sales of outsourced delivery and transactions involving the provision of goods for consideration under the revenue recognition standard scheduled to be applied from the beginning of the fiscal year ending March 2022, and stated that there would be no impact on retained earnings at the beginning of the period. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
For the first time, the company stated that it planned to apply the new accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022.