Preparing to Adopt the New Revenue Recognition Standard
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Updated with full-year impactAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥23,639 million, cost of sales by ¥17,132 million, and selling, general and administrative expenses by ¥5,896 million, while operating profit, ordinary profit and profit before income taxes decreased by ¥611 million each.」
The Company updated the impact of applying the new revenue recognition standards and other standards for the full fiscal year. Reported amounts including net sales decreased, and operating profit, ordinary profit and profit before income taxes each decreased by ¥611 million. - FY2022-Q3Update on the impact of adoptionAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the first-quarter consolidated accounting period. As a result, for the cumulative nine months of the current consolidated fiscal year, net sales decreased by ¥17,529 million, cost of sales by ¥12,702 million, and selling, general and administrative expenses by ¥4,789 million, while operating profit, ordinary profit and profit before income taxes decreased by ¥37 million each.」
The Company updated the presentation and profit impact for the cumulative nine-month period following the application of the new revenue recognition standards. Net sales decreased by ¥17,529 million and operating profit and other items decreased by ¥37 million. - 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 Company applied the new revenue recognition accounting standards and other standards from the beginning of the fiscal year ending March 2022. It changed its revenue recognition methods for points, repair warranties and transactions as an agent, reducing first-quarter net sales by ¥5,573 million and increasing operating profit and other items by ¥21 million. - FY2021First statedAnnual report
「Scheduled date of application of the Accounting Standard for Revenue Recognition and other standards The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the new revenue recognition standards and other standards from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.