Planned adoption of the revenue recognition accounting standard from the fiscal year ending March 2032
First written in FY2018. 3 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥10,881 million, cost of sales decreased by ¥10,945 million, and operating income, ordinary income and profit before income taxes increased by ¥63 million each.」
The full-year impact of applying the revenue recognition accounting standard was finalized, with net sales decreasing by ¥10,881 million and operating income and other profit measures each increasing by ¥63 million. - FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥7,960 million, cost of sales decreased by ¥8,147 million, and operating income, ordinary income and profit before income taxes increased by ¥186 million each.」
The company quantified the impact of applying the revenue recognition accounting standard for the cumulative third quarter, stating that net sales decreased by ¥7,960 million while operating income and other profit measures each increased by ¥186 million. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales decreased by ¥5,052 million, cost of sales decreased by ¥5,138 million, and operating income, ordinary income and profit before income taxes increased by ¥86 million each.」
The company quantified the impact of applying the revenue recognition accounting standards for the cumulative second quarter, stating that net sales decreased by ¥5,052 million while operating income and other profit measures each increased by ¥86 million. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the Revenue Recognition Accounting Standard) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, 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 transfers to the customer.」
The accounting standards for revenue recognition and other relevant standards, which had been scheduled to apply 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. The company stated that their application reduced net sales by ¥2,804 million, with a minor impact on profit. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other relevant standards were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of applying these accounting standards and related guidance on the consolidated financial statements is currently being evaluated.」
The company has, for the first time, stated that the new accounting standard for revenue recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that its impact was being evaluated.