Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 1 of 7 entries say "Restated". Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Disclosure of the impact of adoption for the fiscal yearAnnual report
「As a result, net sales for the current consolidated fiscal year increased by ¥28 million, cost of sales increased by ¥31 million, and operating income, ordinary income and net income before income taxes each decreased by ¥3 million.」
As a result of applying the Revenue Recognition Accounting Standard from the beginning of the current fiscal year, net sales increased by ¥28 million, while operating income, ordinary income and other items each decreased by ¥3 million. - FY2022-Q3Disclosure of the impact of application for the third quarterAnnual report
「As a result, net sales for the nine months ended the third quarter of the current consolidated fiscal year increased by ¥268 million, cost of sales increased by ¥201 million, and operating income, ordinary income and quarterly net income before income taxes each increased by ¥67 million. The opening balance of retained earnings also increased by ¥6 million.」
The company discloses that application of the Revenue Recognition Accounting Standard increased net sales by ¥268 million and operating income, ordinary income and other items by ¥67 million each for the nine months ended the third quarter. The disclosed impact was updated from the amount reported for the six months ended the second quarter. - FY2022-Q2Disclosure of the Impact of AdoptionAnnual report
「As a result, net sales for the six months ended the second quarter of the current consolidated fiscal year increased by ¥137 million, cost of sales increased by ¥104 million, and operating income, ordinary income and quarterly net income before income taxes each increased by ¥32 million. The opening balance of retained earnings also increased by ¥6 million.」
The company specifically discloses the impact of the Revenue Recognition Accounting Standard applied from the first quarter on net sales and profit for the six months ended the second quarter. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 Revenue Recognition Accounting Standard and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current consolidated accounting period. For system development, the company changed to a method of recognizing revenue over a certain period as performance obligations are satisfied for all development work. - FY2021AdvancedAnnual report
「The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is immaterial.」
With respect to the planned application of the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, the outlook progressed from the previous fiscal year, when the impact was still being assessed, to an expectation that the impact would be immaterial. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being evaluated as the consolidated financial statements are prepared.」
The status of the planned application of the revenue recognition accounting standard and related guidance from the beginning of the fiscal year ending March 2022, with the impact still being assessed, continues. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being evaluated as the consolidated financial statements are prepared.」
The new accounting standards and other guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and their impact is being assessed.