Future adoption of the accounting standard for revenue recognition
First written in FY2018. 4 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2022.
16 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current consolidated fiscal year. Revenue for the fiscal year decreased by ¥1,106 million and cost of sales decreased by ¥1,089 million, but there was no impact on gross profit, operating profit, ordinary profit, or profit before income taxes.」
The revenue recognition standard was applied from the beginning of the fiscal year ending March 2022, with the impact on revenue realized at ¥1,106 million. The report states that there was no impact on profit. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥1,097 million, cost of sales decreased by ¥1,074 million, the reversal of the allowance for returns decreased by ¥0 million, and the provision for the allowance for returns decreased by ¥23 million. There was no impact on gross profit, operating profit, ordinary profit, or profit before income taxes for the quarter.」
The reduction in revenue resulting from application of the revenue recognition standard was quantified at ¥1,097 million for the cumulative third quarter, with no impact on profit. - FY2022-Q2AdvancedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥618 million, cost of sales decreased by ¥612 million, the reversal of the allowance for returns decreased by ¥0 million, and the provision for the allowance for returns decreased by ¥6 million. There was no impact on gross profit, operating profit, ordinary profit, or profit before income taxes for the quarter.」
The reduction in revenue for the cumulative second quarter resulting from application of the revenue recognition standard was quantified at ¥618 million, with no impact on profit. - FY2022-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the current consolidated fiscal year decreased by ¥356 million, cost of sales decreased by ¥354 million, the reversal of the allowance for returns decreased by ¥0 million, and the provision for the allowance for returns decreased by ¥2 million. There was no impact on gross profit, operating profit, ordinary profit, or profit before income taxes for the quarter.」
The company applied the revenue recognition standard as scheduled from the beginning of the fiscal year ending March 2022. Revenue for the quarter decreased by ¥356 million, while profit was unaffected. - FY2021AdvancedAnnual report
「Application of the Accounting Standard for Revenue Recognition and other standards is expected to reduce revenue by approximately ¥3,600 million in the following consolidated fiscal year, with no expected impact on operating profit, ordinary profit, or net income attributable to owners of the parent.」
The expected impact of applying the revenue recognition standard from the beginning of the fiscal year ending March 2022 has newly been quantified as an approximately ¥3,600 million reduction in revenue, with no impact on profit. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Applying the Accounting Standard for Revenue Recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact was under assessment when these consolidated financial statements were prepared.」
The company continues to disclose that the revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that the impact was under assessment. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Applying the Accounting Standard for Revenue Recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of applying these standards and guidance was under assessment when these consolidated financial statements were prepared.」
The company continues to disclose that the revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that the impact was under assessment. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. As of the preparation of these consolidated financial statements, the impact of applying the standards is under assessment.」
The report discloses that the new revenue recognition standards were scheduled to be applied from the beginning of the fiscal year ending March 2022 and that the impact was under assessment.