Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2020. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Annual impact finalizedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥493,775 million, cost of sales by ¥477,960 million, and selling, general and administrative expenses by ¥15,929 million; operating profit increased by ¥114 million, and ordinary profit and net profit before taxes each increased by ¥155 million.」
The Company finalized the application of the revenue recognition accounting standard in its annual results and disclosed the cumulative impact on revenue, expenses and retained earnings. - FY2022-Q3Updated the cumulative impactAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥366,809 million, cost of sales by ¥354,612 million, and selling, general and administrative expenses by ¥11,820 million; operating profit decreased by ¥376 million, and ordinary profit and quarterly net profit before taxes each decreased by ¥277 million. The opening balance of retained earnings also decreased by ¥12,451 million.」
The Company updated its disclosure of the impact of applying the revenue recognition accounting standard and related guidance on revenue, profit and opening retained earnings for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥211,064 million, operating loss increased by ¥295 million, and ordinary loss and quarterly net loss before taxes increased by ¥240 million.」
The Company continued to apply the revenue recognition accounting standard and disclosed its impact on revenue and other items for the cumulative period under review. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current first quarter consolidated accounting period. 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 is transferred to the customer.」
The revenue recognition accounting standard, which had been scheduled for application from FY2022, was applied from the beginning of the first quarter starting 1 April 2021. - FY2020First statedAnnual report
「The Company plans to apply the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 31 March 2020) from the beginning of FY2022.」
The Company planned to apply the new accounting standards on revenue recognition and related guidance from the beginning of FY2022, with the amount of the impact still under assessment.