Planned Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2023.
126 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; the “fair value measurement accounting guidance”) from the beginning of the fiscal year, and states that it had no impact on the consolidated financial statements.」
The fair value measurement accounting guidance was applied from the beginning of the fiscal year, with no impact on the consolidated financial statements. - FY2022Full-year impact of accounting-standard adoption updatedAnnual report
「As a result, compared with before applying the revenue recognition standards and related guidance, the consolidated balance sheet for the fiscal year showed a ¥16.331 million decrease in accounts receivable, a ¥16.331 million increase in other receivables, and a ¥3.416 million increase in other current liabilities. On the consolidated income statement for the fiscal year, net sales decreased by ¥195.782 million, cost of sales decreased by ¥180.844 million, and selling, general and administrative expenses decreased by ¥14.864 million, while the impact on operating loss, ordinary income, and profit before income taxes was immaterial.」
The disclosure describes the full-year impact of applying the revenue recognition standards and related guidance, including decreases of ¥195.782 million in net sales, ¥180.844 million in cost of sales, and ¥14.864 million in selling, general and administrative expenses. - FY2022-Q3Updated Impact of the Accounting Standard AdoptionAnnual report
「As a result, for the nine-month period ended 31 December, net sales decreased by ¥140.382 million, cost of sales decreased by ¥130.992 million, selling, general and administrative expenses decreased by ¥9.274 million, operating loss increased by ¥115 thousand, and ordinary income and profit before income taxes decreased by ¥115 thousand each.」
The disclosure updates the impact of applying the revenue recognition standards and related guidance for the nine-month period, including a ¥140.382 million decrease in net sales and a ¥115 thousand increase in operating loss. - FY2022-Q2Updated Impact of the Accounting Standard AdoptionAnnual report
「As a result, for the six-month period ended 30 September, net sales decreased by ¥54.294 million, cost of sales decreased by ¥50.357 million, selling, general and administrative expenses decreased by ¥3.879 million, operating loss increased by ¥57 thousand, and ordinary income and profit before income taxes decreased by ¥57 thousand each.」
The disclosure updates the impact of applying the revenue recognition accounting standard for the six-month period, including a ¥54.294 million decrease in net sales and a ¥57 thousand increase in operating loss. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The accounting standards and related guidance on revenue recognition, scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the fiscal year. The method of recognizing revenue from transactions involving the provision of goods for consideration and points issued by other companies was changed, reducing net sales by ¥31.467 million. - FY2019RestatedAnnual report
「(2) Scheduled adoption date The standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adoption of the accounting standards The impact was under evaluation when the consolidated financial statements were prepared.」
The disclosure continues to state that the accounting standard for revenue recognition 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
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 30 March 2018) and “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 30 March 2018)」
The company planned to apply the new accounting standards on revenue recognition from the beginning of the fiscal year ending March 2030 and stated that it was assessing the impact.