Adoption of the revenue recognition standard from the fiscal year ending March 2022
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
86 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The application of the accounting standards for revenue recognition reduced net sales and cost of sales by ¥43 million each in the cumulative second quarter of the consolidated fiscal year under review, but had no impact on profit or loss.」
The application of the accounting standards for revenue recognition continued. In the cumulative second quarter, net sales and cost of sales each declined by ¥43 million, with no impact on profit or 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 standard for revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the consolidated fiscal year under review. Transactions as an agent are presented on a net basis, reducing net sales and cost of sales by ¥29 million each, with no impact on profit or loss. - FY2021First statedAnnual report
「(2) Scheduled date of application: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of application of the accounting standard, etc.: The impact of applying the accounting standard, etc. on the consolidated financial statements is immaterial.」
The planned application of the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 was disclosed for the first time.