Preparing to Apply the Revenue Recognition Accounting Standard
First written in FY2018. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Full-Year Impact ConfirmedAnnual report
「As a result, revenue decreased by ¥561 million, while cost of sales decreased by ¥100 million and selling, general and administrative expenses decreased by ¥460 million. However, there was no impact on operating loss, ordinary loss or loss before income taxes and other adjustments for the year.」
The full-year impact of applying the revenue recognition standard on revenue, cost of sales and SG&A expenses has been disclosed definitively. - FY2022-Q3Additional disclosure of the impact amountAnnual report
「As a result, revenue for the nine months ended the third quarter decreased by ¥426 million, while cost of sales decreased by ¥82 million and selling, general and administrative expenses decreased by ¥344 million. However, there was no impact on operating loss, ordinary loss or income before income taxes and other adjustments for the quarter.」
Additional disclosure was provided on the impact of applying the revenue recognition standard on revenue, cost of sales and SG&A expenses. It states that there was no impact on operating loss or other losses. - FY2022-Q2Further detail on the impact of adoptionAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥283 million, while cost of sales decreased by ¥53 million and selling, general and administrative expenses decreased by ¥229 million. However, there was no impact on operating loss, ordinary loss or loss before income taxes and other adjustments for the quarter.」
The disclosure specifies that applying the revenue recognition standard reduced revenue by ¥283 million and reduced cost of sales and SG&A expenses. It states that there was no impact on operating loss or other losses. - FY2022-Q1AchievedAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year.」
The revenue recognition standard, which had been in the preparation stage, was applied from the beginning of the fiscal year on 1 April 2021. Revenue decreased by ¥142 million, but there was no impact on operating loss, ordinary loss or loss before income taxes and other adjustments for the quarter. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was being assessed when these consolidated financial statements were prepared.」
The disclosure describes the five-step application process under the revenue recognition standard: identifying contracts with customers, identifying performance obligations, determining the transaction price, allocating the transaction price, and recognizing revenue when performance obligations are satisfied. It also discloses that application was scheduled to begin at the start of the fiscal year ending March 2022 and that the impact was being assessed.