Application of the revenue-recognition and fair-value measurement accounting standards from the fiscal year ending March 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
13 other companies' latest entry also says "Other".
- FY2022Quantification of full-year impactAnnual report
「As a result, for the consolidated fiscal year, net sales increased by ¥16.107 million, cost of sales increased by ¥12.358 million, gross profit increased by ¥3.749 million, operating loss decreased by ¥3.749 million, and ordinary income and profit before income taxes increased by ¥3.749 million. The opening balance of retained earnings also decreased by ¥283 thousand.」
The company quantitatively disclosed the impact of applying the Accounting Standard for Revenue Recognition on annual net sales, cost of sales, gross profit, operating loss, ordinary income and other items. - FY2022-Q3Cumulative quantification of the impact of applying the accounting standardsAnnual report
「The company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter. The impact on the nine months ended 31 December was immaterial. As a result, net sales increased by ¥7.606 million, cost of sales increased by ¥8.91 million, gross profit decreased by ¥1.303 million, operating loss increased by ¥1.303 million, ordinary income and profit before income taxes decreased by ¥1.303 million, and net income attributable to owners of the parent decreased by ¥1.428 million for the nine months ended 31 December.」
The company has quantitatively updated the impact on the nine-month period of applying the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the current fiscal year. - FY2022-Q2Quantification of the impact of applying the accounting standardsAnnual report
「As a result, for the six months ended 30 September, net sales increased by ¥4.31 million, cost of sales increased by ¥7.06 million, gross profit decreased by ¥2.75 million, operating loss increased by ¥2.75 million, ordinary income and profit before income taxes decreased by ¥2.75 million, and net loss attributable to owners of the parent increased by ¥2.875 million.」
The company quantitatively disclosed the impact on the six-month period of applying the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the current fiscal year. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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 Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current fiscal year. For contracts with customers, the company has changed to a method of recognizing revenue over a period of time based on the progress toward satisfying performance obligations. The Accounting Standard for Fair Value Measurement and related standards were also applied from the beginning of the period, with no impact reported. - FY2021First statedAnnual report
「The revenue recognition standard and related standards will be adopted from the beginning of the fiscal year ending March 2022.」
First indicating plans to apply the Accounting Standard for Revenue Recognition, the Accounting Standard for Fair Value Measurement and related standards from the beginning of the fiscal year ending March 2022.