Preparing to Adopt the New Revenue Recognition Standard
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2022.
17 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning 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 accounting standards for revenue recognition were applied for the full fiscal year, and the method for LP gas sales was changed to estimate and record revenue earned from the meter-reading date through the reporting date. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The application of the accounting standards for revenue recognition continued to be disclosed, with the cumulative third-quarter impact shown as an increase of ¥201.049 million in net sales and ¥30.552 million in operating profit and other items. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29 of the Accounting Standards Board of Japan, 31 March 2020) and related standards have been applied from the beginning of the first quarter.」
The impact of applying the accounting standards for revenue recognition from the beginning of the first quarter was disclosed again for the second quarter, with net sales down by ¥93.654 million and operating profit and other items down by ¥78.691 million. - 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 for revenue recognition and related standards were applied from the beginning of the current first quarter, and the method of recognizing revenue from LP gas sales was also changed. As a result, net sales decreased by ¥113 million and operating profit and other items decreased by ¥83 million. - FY2020First statedAnnual report
「"Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) (2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending April 2022.」
The report states that the accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending April 2022, with the amount of the impact still under assessment.