Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Disclosure of the impact of application for the fiscal yearAnnual report
「As a result, revenue for the consolidated fiscal year decreased by ¥264.718 million, cost of sales decreased by ¥261.155 million, and operating income, ordinary income and profit before income taxes each decreased by ¥3.563 million. In addition, the beginning balance of retained earnings increased by ¥41.567 million.」
The revenue recognition accounting standard was applied for the full fiscal year, and the impact on revenue, cost of sales, operating income and other items, as well as beginning retained earnings, was disclosed. - FY2022-Q3Change in the impact of applicationAnnual report
「As a result, revenue for the nine months ended the third quarter decreased by ¥194.149 million, cost of sales decreased by ¥193.910 million, and operating income, ordinary income and profit before income taxes each decreased by ¥238 thousand. In addition, the beginning balance of retained earnings increased by ¥41.567 million.」
The company specifically disclosed the impact of applying the revenue recognition accounting standard on revenue, cost of sales, operating income and other items for the nine months ended the third quarter. - FY2022-Q2Disclosure of the impact of adoptionAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥113.493 million, cost of sales decreased by ¥120.514 million, and operating income, ordinary income and profit before income taxes each increased by ¥7.021 million. In addition, the beginning balance of retained earnings increased by ¥41.567 million.」
Following application of the revenue recognition accounting standard, the company specifically disclosed the impact on revenue, cost of sales and retained earnings for the six months ended the second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The revenue recognition accounting standard, which had been scheduled for application from the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current consolidated fiscal year. This also included presenting certain transactions in the interpreting business on a net basis and changing the timing of revenue recognition in the convention business. - FY2021First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company first disclosed plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022.