Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2024.
85 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company continues to apply the Accounting Standard for Revenue Recognition adopted from the beginning of the fiscal year ending March 2022. For the fiscal year ending March 2024, net sales were ¥23,998 million and operating profit was ¥3,140 million. - FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company continues to apply the Accounting Standard for Revenue Recognition adopted from the beginning of the fiscal year ending March 2022, and disclosed an increase of ¥265.368 million in net sales and ¥107.403 million in operating profit and other items for the current fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the first three quarters of the current fiscal year increased by ¥752.575 million, cost of sales increased by ¥487.408 million, and operating profit, ordinary profit and quarterly profit before income taxes increased by ¥265.167 million each. The opening balance of retained earnings also increased by ¥24.235 million.」
For the Accounting Standard for Revenue Recognition applied from the first quarter of the fiscal year ending March 2022, the company disclosed cumulative third-quarter increases of ¥752.575 million in net sales and ¥265.167 million in operating profit and other items, as well as a ¥24.235 million increase in opening retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the first half of the current fiscal year increased by ¥801.490 million, cost of sales increased by ¥551.895 million, and operating profit, ordinary profit and quarterly profit before income taxes increased by ¥249.594 million each. The opening balance of retained earnings also increased by ¥24.235 million.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the company disclosed cumulative second-quarter increases of ¥801.490 million in net sales and ¥249.594 million in operating profit and other items, as well as a ¥24.235 million increase in opening retained earnings. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The Accounting Standard for Revenue Recognition and related standards were actually applied from the beginning of the first quarter of the fiscal year ending March 2022. Recognition based on the stage of completion increased quarterly net sales by ¥515.076 million and operating profit and other items by ¥179.007 million, while opening retained earnings increased by ¥24.235 million. - FY2021First statedAnnual report
「The cumulative effect of applying the Accounting Standard for Revenue Recognition and related standards is expected to be reflected in net assets at the beginning of the following consolidated fiscal year, increasing the opening balance of retained earnings by ¥26.787 million.」
The company states that it planned to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, with an expected cumulative effect of ¥26.787 million on the opening balance of retained earnings.