Preparing for the Application of Accounting Standards on Revenue Recognition, etc.
First written in FY2022. 3 of 5 entries say "Cited as achieved", first in FY2023-Q2. Latest entry: FY2023.
0 other companies' latest entry also says "Cited as achieved".
- FY2023Cited as achievedAnnual report
「In the consolidated statement of income for the fiscal year, net sales decreased by ¥476 million, cost of sales by ¥175 million, gross profit by ¥300 million and operating income by ¥259 million, while non-operating expenses increased by ¥31 million, and ordinary income and profit before income taxes decreased by ¥291 million each.」
For the accounting standards for revenue recognition adopted from the beginning of the fiscal year, the full-year impact was a decrease of ¥476 million in net sales, ¥259 million in operating income and ¥291 million in ordinary income. - FY2023-Q3Cited as achievedAnnual report
「As a result, for the cumulative third quarter period, net sales decreased by ¥393 million, cost of sales by ¥179 million, gross profit by ¥213 million, operating income by ¥186 million, and non-operating income and expenses by ¥31 million, while ordinary income and profit before income taxes decreased by ¥218 million each.」
For the accounting standards for revenue recognition adopted from the first quarter, the cumulative nine-month impact was a decrease of ¥393 million in net sales, ¥186 million in operating income and ¥218 million in ordinary income. - FY2023-Q2Cited as achievedAnnual report
「As a result, for the cumulative second quarter period, net sales decreased by ¥320 million, cost of sales by ¥164 million, gross profit by ¥155 million, operating income by ¥139 million, and non-operating income and expenses by ¥31 million, while ordinary income and profit before income taxes decreased by ¥170 million each.」
For the accounting standards for revenue recognition adopted from the first quarter, the cumulative first-half impact was a decrease of ¥320 million in net sales, ¥139 million in operating income and ¥170 million in ordinary income. - FY2023-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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 standards for revenue recognition and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023, were adopted from the beginning of the first quarter of the current consolidated fiscal year. As a result, net sales decreased by ¥268 million and operating income decreased by ¥127 million. - FY2022First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending February 2023. The amount of the impact is being evaluated in preparing the current consolidated financial statements.」
The Company stated that it planned to adopt the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2023 and was evaluating the impact on the financial statements.