Planned Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending February 2023
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2023-Q3.
85 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, revenue, gross profit, and selling, general and administrative expenses for the cumulative third-quarter period of the current consolidated fiscal year decreased by ¥2,665 million, but there was no impact on operating profit, ordinary profit, profit before income taxes, or profit attributable to owners of the parent.」
The revenue recognition accounting standards continued to be applied, reducing revenue and other items by ¥2,665 million for the cumulative period, while having no impact on operating profit or subsequent profit measures. - FY2023-Q2RestatedAnnual report
「As a result, revenue, gross profit, and selling, general and administrative expenses for the cumulative second-quarter period of the current consolidated fiscal year decreased by ¥1,659 million, but there was no impact on operating profit, ordinary profit, profit before income taxes, or profit attributable to owners of the parent.」
The revenue recognition accounting standards continued to be applied, reducing revenue and other items by ¥1,659 million, while having no impact on operating profit or subsequent profit measures. - 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 revenue recognition accounting standards scheduled for adoption from the fiscal year ending February 2023 were applied from the beginning of the first quarter of the current fiscal year. Revenue and other items decreased by ¥878 million, but there was no impact on operating profit or subsequent profit measures. - FY2022Impact of adoption determined to be immaterialAnnual report
「The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is immaterial.」
The planned adoption of the revenue recognition accounting standards from the beginning of the fiscal year ending February 2023 was maintained, and the impact previously under assessment was expected to be immaterial. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending February 2023. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The new revenue recognition accounting standards were scheduled to be applied from the fiscal year ending February 2023, and the amount of their impact was under assessment; this was recorded as a new item for tracking.