Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022.
128 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥553.196 million, cost of sales decreased by ¥144.651 million, and selling, general and administrative expenses decreased by ¥408.545 million, with no impact on the opening balance of retained earnings.」
The company disclosed the impact on annual cumulative net sales and expenses of applying the Revenue Recognition Standard from the beginning of the fiscal year, reconfirming that there was no impact on the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥413.579 million, cost of sales decreased by ¥122.945 million, and selling, general and administrative expenses decreased by ¥290.633 million, with no impact on the opening balance of retained earnings.」
The company continued to disclose the impact on net sales and expenses for the cumulative third quarter of applying the Revenue Recognition Standard from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter decreased by ¥269.142 million, cost of sales decreased by ¥83.131 million, and selling, general and administrative expenses decreased by ¥186.011 million, with no impact on the opening balance of retained earnings.」
The company provided additional disclosure of the impact on net sales and expenses for the cumulative period of the current quarter of applying the Revenue Recognition Standard from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales for the cumulative first quarter decreased by ¥120.819 million, cost of sales decreased by ¥28.961 million, and selling, general and administrative expenses decreased by ¥91.857 million.」
The company applied the Revenue Recognition Standard and related standards from the beginning of the first quarter of the current consolidated fiscal year, as planned from the beginning of the fiscal year ending March 2022. It also disclosed the impact on net sales and other items, including the presentation of agent transactions on a net basis. - FY2020RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company planned to apply the Accounting Standard for Revenue Recognition and related implementation guidance from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.