Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Full-year impact quantifiedAnnual report
「As a result, sales and cost of sales for the current consolidated fiscal year each decreased by ¥505,375 thousand compared with the amounts before applying the Accounting Standard for Revenue Recognition and related standards.」
The full-year impact of applying the Accounting Standard for Revenue Recognition on sales and cost of sales was quantified as a decrease of ¥505,375 thousand each. - FY2022-Q3Further detail on the impact of adoptionAnnual report
「As a result, sales and cost of sales for the nine-month period of the current consolidated fiscal year each decreased by ¥363,365 thousand.」
The impact of applying the Accounting Standard for Revenue Recognition on sales and cost of sales was quantified as a decrease of ¥363,365 thousand each for the nine-month period. - FY2022-Q2Further detail on the impact of adoptionAnnual report
「As a result, sales and cost of sales for the six-month period of the current consolidated fiscal year each decreased by ¥256,093 thousand.」
The impact of applying the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 on sales and cost of sales for the six-month period was quantified at ¥256,093 thousand. By segment, sales in the commercial facilities, healthcare, and textile and apparel businesses each decreased compared with the previous method. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards were 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. As a result, for some revenue in the commercial facilities, healthcare, and textile and apparel businesses, the method of recognizing revenue was changed from recognizing revenue on a gross basis to recognizing it on a net basis, following an assessment of the Company's role in providing goods or services to customers, whether as principal or agent.」
The Accounting Standard for Revenue Recognition and related standards were actually applied from the beginning of the fiscal year ending March 2022, and some revenue was changed from gross presentation to net presentation. Sales and cost of sales each decreased by ¥99,173 thousand. - FY2021RestatedAnnual report
「(2) Scheduled application date The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed. - FY2019First statedAnnual report
「The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed. The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. Revenue is recognized by applying the following 5 steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, the performance obligation is satisfied.」
The new accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the 5-step recognition method and its impact are being assessed.