Planned Adoption of the Revenue Recognition Accounting Standard
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2024.
123 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and other standards have been applied from the beginning of the 26th fiscal year.」
The company continues to disclose the accounting treatment under which the revenue recognition accounting standard has been applied from the beginning of the 26th fiscal year. - FY2023-Q3Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, net sales, cost of sales and selling, general and administrative expenses for the nine months ended the third quarter decreased by ¥2,294.269 million, ¥10.670 million and ¥2,281.915 million, respectively. Operating income, ordinary income and profit before income taxes each decreased by ¥1.683 million.」
The presentation impact for the nine months ended the third quarter and the impact on operating income and other items resulting from application of the revenue recognition accounting standard have been updated. - FY2023-Q2Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, net sales, cost of sales and selling, general and administrative expenses for the six months ended the second quarter decreased by ¥1,461.290 million, ¥7.093 million and ¥1,470.045 million, respectively. Operating income, ordinary income and profit before income taxes increased by ¥15.848 million, respectively.」
The presentation and profit impact for the first half resulting from application of the revenue recognition accounting standard have been updated. - FY2023-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the current first quarter of the consolidated fiscal year,」
The revenue recognition accounting standard, originally scheduled for application from the beginning of the fiscal year ending February 2023, was applied from the beginning of the first quarter of the current fiscal year. Changes include deducting sales incentives from net sales, allocating the transaction price and recognizing agent transactions on a net basis. - FY2022RestatedAnnual report
「This change is expected to reduce net sales and sales promotion expenses.」
The company has reconfirmed its planned application of the revenue recognition standard from the beginning of the fiscal year ending February 2023 and the main impact of deducting sales promotion expenses related to agency agreements from net sales. - FY2019First statedAnnual report
「We plan to apply the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” (Implementation Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending February 2023.」
The company has newly disclosed that it plans to apply the new accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending February 2023, and is assessing the impact.