Future Application of the Revenue Recognition Accounting Standard
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2023.
83 other companies' latest entry also says "Other".
- FY2023Quantification of the annual impact of applicationAnnual report
「As a result of applying the accounting standard for revenue recognition and other standards, revenue for the fiscal year decreased by ¥66 million, while selling, general and administrative expenses decreased by ¥56 million. Accordingly, operating loss increased by ¥10 million, ordinary income decreased by ¥10 million, and loss before income taxes increased by ¥10 million. The opening balance of retained earnings also decreased by ¥10 million.」
The company has specifically disclosed the annual impact of applying the accounting standard for revenue recognition on revenue, selling, general and administrative expenses, operating loss, ordinary income, loss before income taxes and retained earnings. - FY2023-Q3Update on the impact of adoptionAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥48.595 million, while selling, general and administrative expenses decreased by ¥40.002 million. Accordingly, operating loss increased by ¥8.593 million, while ordinary income and profit before income taxes for the quarter each decreased by ¥8.593 million.」
The company has updated the impact of applying the accounting standard for revenue recognition on revenue, selling, general and administrative expenses, operating loss, ordinary income and other items for the cumulative third quarter. - FY2023-Q2Impact of adoption quantifiedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥32.837 million, while selling, general and administrative expenses decreased by ¥25.406 million. Accordingly, operating loss, ordinary income and profit before income taxes for the quarter each decreased by ¥7.431 million. The opening balance of retained earnings also decreased by ¥10.260 million.」
For the accounting standard for revenue recognition applied from the first quarter, the company has specifically disclosed the cumulative second-quarter impact on revenue, selling, general and administrative expenses, and profit. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year」
The company has applied the previously scheduled accounting standards for revenue recognition and other standards from the beginning of the consolidated accounting period for the first quarter under review, which began on 1 March 2022. - FY2021RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company continues to disclose that it plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending February 2023 and that the amount of the impact is under assessment. - FY2020RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company continues to disclose its planned application of the accounting standard for revenue recognition from the beginning of the fiscal year ending February 2023 and that the amount of the impact is under assessment. - FY2019RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company continues to disclose its planned future application of the accounting standard for revenue recognition and that the amount of the impact is under assessment. - FY2018First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 30 March 2018). “The standard is scheduled to be applied from the beginning of the fiscal year ending February 2035.” “The amount of the impact is under assessment as of the preparation of these consolidated financial statements.”」
The company disclosed for the first time that it planned to apply the new revenue recognition standard from the beginning of the fiscal year ending February 2035, and stated that the amount of the impact was under assessment.