Adoption of Revenue Recognition Accounting Standards from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
0 other companies' latest entry also says "Reframed".
- FY2023-Q1ReframedAnnual report
「The Group first adopted IFRS from the first quarter of the consolidated fiscal year beginning 1 April 2022. The date of transition to IFRS was 1 April 2021.」
The company changed its accounting standards from Japanese GAAP to IFRS and first adopted IFRS from the first quarter beginning 1 April 2022. - FY2022Update on the full-year impact of the Revenue Recognition Accounting StandardAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥1,950 million, cost of sales decreased by ¥1,624 million, operating profit decreased by ¥325 million, ordinary profit and profit before income taxes decreased by ¥340 million each, net assets per share increased by ¥17.62, and profit per share decreased by ¥2.43.」
The company disclosed the full-year impact on net sales, profit, and per-share indicators of the Revenue Recognition Accounting Standard adopted from the beginning of the fiscal year ending March 2022. - FY2022-Q3Update on the cumulative third-quarter impact of the Revenue Recognition Accounting StandardAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales increased by ¥1,115 million, cost of sales increased by ¥951 million, operating profit increased by ¥164 million, and ordinary profit and profit before income taxes increased by ¥153 million each. The opening balance of retained earnings also increased by ¥1,834 million.」
The company updated its disclosure of the cumulative third-quarter impact on net sales, profit, and retained earnings of the Revenue Recognition Accounting Standard adopted from the beginning of the fiscal year ending March 2022. - FY2022-Q2Update on the cumulative second-quarter impact of the Revenue Recognition Accounting StandardAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales increased by ¥1,723 million, cost of sales increased by ¥1,463 million, operating profit increased by ¥259 million, and ordinary profit and profit before income taxes increased by ¥252 million each. The opening balance of retained earnings also increased by ¥1,834 million.」
The company disclosed the cumulative second-quarter impact on net sales, profit, and retained earnings of the Revenue Recognition Accounting Standard adopted from the beginning of FY2022. - FY2022-Q1AchievedAnnual report
「The company adopted 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 of consideration to which the company expects to be entitled when control of the promised goods or services is transferred to the customer.」
The planned adoption of the Revenue Recognition Accounting Standard and other standards from the beginning of the fiscal year ending March 2022 changed to actual adoption from 1 April 2021. As a result, first-quarter net sales increased by ¥2,508 million, operating profit increased by ¥409 million, and the opening balance of retained earnings increased by ¥1,834 million. - FY2021First statedAnnual report
「The planned adoption date for the Accounting Standard for Revenue Recognition and other standards is the beginning of the fiscal year ending March 2022. The amount of the impact was under evaluation when these consolidated financial statements were prepared.」
The company disclosed that the comprehensive accounting standards for revenue recognition were scheduled to be adopted from the beginning of the fiscal year ending March 2022 and that the amount of the impact was under evaluation.