Adoption of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2019. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Finalizing the full-year impact of the revenue recognition standardAnnual report
「As a result, on the consolidated balance sheet for the current fiscal year, contract assets increased by ¥215.117 million. On the consolidated income statement for the current fiscal year, net sales decreased by ¥45.815 million, cost of sales decreased by ¥48.087 million, and operating income, ordinary income and profit before income taxes increased by ¥2.272 million each.」
The company disclosed the full-year impact of applying the revenue recognition accounting standards and related standards on contract assets, net sales, cost of sales and profit. - FY2022-Q3Updated the cumulative nine-month impact of applying the revenue recognition accounting standardAnnual report
「As a result, for the cumulative nine-month period of the current fiscal year, net sales decreased by ¥6.673 million, cost of sales decreased by ¥15.935 million, and operating income, ordinary income and profit before income taxes increased by ¥9.261 million each.」
The company disclosed the impact on net sales, cost of sales and profit for the cumulative nine-month period of applying the revenue recognition accounting standards and related standards from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan 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 revenue recognition accounting standards and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied in practice. The company changed to net presentation for transactions conducted as an agent and to revenue recognition over time for certain construction contracts, disclosing impacts of ¥11.872 million on net sales and ¥4.759 million on operating income and other items. - FY2019First statedAnnual report
「The standard will be applied 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.