Planned application of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending February 2023
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q2.
85 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「As a result, revenue for the current second-quarter consolidated cumulative period increased by ¥204.731 million, while operating profit, ordinary profit and profit before income taxes increased by ¥78.663 million each. The opening balance of retained earnings also increased by ¥105.980 million.」
The company reported the impact of the Accounting Standard for Revenue Recognition, applied from the beginning of the first-quarter consolidated accounting period, on revenue, profit and opening retained earnings for the cumulative second quarter. - FY2023-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for the goods or services when control of the promised goods or services is transferred to the customer. As a result, the impact on profit or loss for the current first-quarter consolidated cumulative period was immaterial. The opening balance of retained earnings increased by ¥105.980 million.」
The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending February 2023, was actually applied from the beginning of the current first-quarter consolidated accounting period. The impact on profit or loss was immaterial, while opening retained earnings increased by ¥105.998 million. - FY2019First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The accounting standard and implementation guidance on revenue recognition were scheduled to be applied from the beginning of the fiscal year ending February 2023, and the amount of the impact was under assessment.