Timing of Application of the Revenue Recognition Standard Undecided; Impact Under Assessment
First written in FY2019. 1 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Full-year impact of applying the accounting standard disclosedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥4,461 million, while operating income, ordinary income and profit before income taxes decreased by ¥1,387 million. The beginning balance of retained earnings also decreased by ¥2,884 million.」
The company disclosed that the full-year application of the revenue recognition accounting standards reduced revenue by ¥4,461 million, operating income and other items by ¥1,387 million, and retained earnings at the beginning of the fiscal year by ¥2,884 million. - FY2022-Q3Impact of adopting the accounting standard updatedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥3,251 million, while operating income, ordinary income and profit before income taxes decreased by ¥1,069 million. The beginning balance of retained earnings also decreased by ¥2,884 million.」
The company disclosed that the application of the revenue recognition accounting standards reduced revenue by ¥3,251 million, operating income and other items by ¥1,069 million, and retained earnings at the beginning of the fiscal year by ¥2,884 million for the cumulative third quarter. - FY2022-Q2Impact of adopting the accounting standard updatedAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥1,974 million, while operating income, ordinary income and profit before income taxes decreased by ¥598 million. The beginning balance of retained earnings also decreased by ¥2,884 million.」
The company disclosed that the application of the revenue recognition accounting standards reduced revenue by ¥1,974 million, operating income and other items by ¥598 million, and retained earnings at the beginning of the fiscal year by ¥2,884 million for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020; hereinafter, the “revenue recognition accounting standards”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. 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 standards were applied from the beginning of the first quarter of the fiscal year ending November 2022. Revenue decreased by ¥833 million, operating income and other items decreased by ¥222 million, and retained earnings at the beginning of the fiscal year decreased by ¥2,884 million. - FY2020Scheduled adoption year specifiedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending November 2022.」
The planned adoption of the revenue recognition accounting standard was specified as the beginning of the November 2022 fiscal year, instead of the previous position that the adoption date had not been determined. The impact remains under assessment. - FY2019First statedAnnual report
「At the time of preparing these consolidated financial statements, the scheduled adoption date had not been determined.」
The company states that the scheduled adoption date for the accounting standards related to revenue recognition had not been determined and that the impact on the consolidated financial statements was under assessment.