Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2025.
123 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「When certain requirements are met in fulfilling a contract and the degree of progress can be reasonably measured, revenue is recognized over a period of time as the performance obligations are satisfied.」
The policies for allocating revenue over time and recognizing revenue from licenses, cloud services and other items after application of the revenue recognition accounting standard continue. - FY2022Full-year impact of applying the accounting standards specifiedAnnual report
「As a result, retained earnings at the beginning of the current period increased by ¥13.305 million. In addition, for the current consolidated fiscal year, net sales decreased by ¥7,109.855 million, cost of sales decreased by ¥7,097.740 million, and operating income, ordinary income and profit before income taxes each decreased by ¥12.114 million.」
Regarding application of the accounting standard for revenue recognition, the Company disclosed specific impacts on full-year net sales, cost of sales and profit, in addition to the impact on retained earnings at the beginning of the period. - FY2022-Q3Additional disclosure of the impact of applicationAnnual report
「As a result, retained earnings at the beginning of the current period increased by ¥13.305 million. In addition, for the third quarter of the current consolidated fiscal year, net sales decreased by ¥4,971.710 million, cost of sales decreased by ¥5,000.202 million, and operating income, ordinary income and profit before income taxes each increased by ¥28.491 million.」
The Company continued to apply the accounting standard for revenue recognition and disclosed specific impacts on net sales, cost of sales and profit for the third quarter of the current consolidated fiscal year, in addition to the impact on retained earnings at the beginning of the period. - FY2022-Q2Additional disclosure of the impact of applicationAnnual report
「As a result, retained earnings at the beginning of the current period increased by ¥13.305 million. In addition, for the second quarter of the current consolidated fiscal year, net sales decreased by ¥3,429.791 million, cost of sales decreased by ¥3,429.435 million, and operating income, ordinary income and profit before income taxes each decreased by ¥0.356 million.」
The Company continued to apply the accounting standard for revenue recognition and disclosed specific impacts on net sales, cost of sales and profit for the cumulative second-quarter period, in addition to the cumulative impact on retained earnings at the beginning of the period. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the 'Accounting Standard for Revenue Recognition' (ASBJ Statement No. 29, 31 March 2020) and related standards. We now recognize revenue 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 Company actually applied the previously scheduled accounting standards and related guidance for revenue recognition from the beginning of the fiscal year ending March 2022. For system development and other services, revenue is recognized over a period of time based on the degree of progress. For sales of goods, the timing of revenue recognition was revised to shipment, and net presentation was introduced for transactions in which the Company acts as an agent. - FY2021RestatedAnnual report
「Scheduled application date of the Accounting Standard for Revenue Recognition, etc.: The standards will be applied from the beginning of the fiscal year ending March 2022.」
The timing of application of the accounting standards and related guidance for revenue recognition remains the beginning of the fiscal year ending March 2022, and the impact on the consolidated financial statements continues to be evaluated. - FY2019RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company continued to plan to apply the accounting standards and related guidance for revenue recognition from the beginning of the fiscal year ending March 2022, while evaluating the impact. - FY2018First statedAnnual report
「Scheduled application date for the Accounting Standard for Revenue Recognition and related standards: application from the beginning of the fiscal year ending March 2022.」
The company planned to apply the Accounting Standard for Revenue Recognition and related guidance from the beginning of the fiscal year ending March 2022 and was evaluating the impact on the consolidated financial statements.