Timing of application of the Revenue Recognition Accounting Standard and impact not yet determined
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2023.
85 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, compared with before applying the revenue recognition accounting standard and related standards, net sales for the fiscal year decreased by ¥7,823 million, cost of sales by ¥7,522 million, and selling, general and administrative expenses by ¥308 million, respectively. However, the impact on operating profit, ordinary profit and profit before income taxes for the fiscal year was immaterial.」
The full-year decrease in net sales resulting from application of the revenue recognition accounting standard was ¥7,823 million, while the explanation that the impact on operating profit and other items was immaterial continues. - FY2023-Q2RestatedAnnual report
「As a result, during the six months ended 30 September, net sales decreased by ¥4,209 million, cost of sales by ¥4,054 million, and selling, general and administrative expenses by ¥147 million, respectively. However, the impact on operating profit, ordinary profit and profit before income taxes for the quarter was immaterial.」
Application of the revenue recognition accounting standard and related standards continued. Net sales and other items for the six months ended 30 September decreased, but the impact on operating profit and other items was described as immaterial. - FY2023-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 Standard for Revenue Recognition and related standards, whose timing of application had previously been undetermined and whose impact was under assessment, were actually applied from the beginning of 1 February 2022. Transactions in which the company acts as an agent are recognized on a net basis, and sales with rights of return are treated by recognizing the estimated returns as variable consideration. Net sales decreased by ¥2,415 million, but the impact on operating profit and other items was immaterial. - FY2022RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending January 2023.」
The plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending January 2023 has been reconfirmed. The impact remains under assessment. - FY2021AdvancedAnnual report
「The standard will be applied from the beginning of the fiscal year ending January 2023.」
The timing of application of the Accounting Standard for Revenue Recognition was specified as the beginning of the fiscal year ending January 2023. The impact on the consolidated financial statements remains under assessment. - FY2020First statedAnnual report
「The timing of application has not yet been determined. The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The company had not yet applied the Accounting Standard for Revenue Recognition and its implementation guidance, stating that the timing of application had not been determined and that the impact on the consolidated financial statements was under assessment.