Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
79 other companies' latest entry also says "Other".
- FY2022-Q3Updating the cumulative impact of applying the accounting standardsAnnual report
「As a result, net sales for the nine months ended the third quarter decreased by ¥4,142 million, cost of sales decreased by ¥818 million, and selling, general and administrative expenses decreased by ¥3,004 million. Operating profit, ordinary profit, and quarterly profit before income taxes decreased by ¥318 million each. In addition, the beginning balance of retained earnings decreased by ¥262 million.」
The company additionally disclosed the impact on net sales, expenses, profit, and retained earnings for the nine-month cumulative period of the accounting standards for revenue recognition applied from the first quarter. - FY2022-Q2Additional disclosure of the impact of applying the accounting standardsAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥2,496 million, cost of sales decreased by ¥511 million, and selling, general and administrative expenses decreased by ¥1,917 million. Operating profit, ordinary profit, and quarterly profit before income taxes decreased by ¥67 million each. In addition, the beginning balance of retained earnings decreased by ¥262 million.」
The company disclosed the specific impact on the six-month cumulative period of the accounting standards for revenue recognition applied from the first quarter. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize 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 accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated fiscal year. As a result of the application, net sales decreased by ¥1,378 million and operating profit and other items decreased by ¥39 million. - FY2019First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company indicated that it planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022.