Application of the Revenue Recognition Standard for the Fiscal Year Ending July 2022
First written in FY2019. 3 of 8 entries say "Restated". Latest entry: FY2025.
58 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the 44th fiscal year. Accordingly, the key management indicators and other information for the 44th fiscal year and thereafter reflect application of those standards.」
The company reconfirmed that the Accounting Standard for Revenue Recognition has been applied from the beginning of the 44th fiscal year. - FY2023-Q3RestatedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 company continues to plan to apply the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the consolidated fiscal year. - FY2022AdvancedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥42 million, while selling, general and administrative expenses decreased by ¥42 million. There was no impact on operating profit, ordinary profit or profit before income taxes.」
The company disclosed that, following the application of the Accounting Standard for Revenue Recognition, net sales and selling, general and administrative expenses each decreased by ¥42 million for the full fiscal year, with no impact on operating profit or related items. - FY2022-Q3AdvancedAnnual report
「As a result, net sales for the nine months ended [current third quarter] decreased by ¥32 million, while selling, general and administrative expenses decreased by ¥32 million. There was no impact on operating profit, ordinary profit or profit before income taxes.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the company disclosed that, as the impact for the nine months ended the third quarter, net sales and selling, general and administrative expenses each decreased by ¥32 million. - FY2022-Q2AdvancedAnnual report
「As a result, net sales for the six months ended [current second quarter] decreased by ¥21 million, while selling, general and administrative expenses decreased by ¥21 million. There was no impact on operating profit, ordinary profit or profit before income taxes.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the company specifically disclosed that, as the impact for the six months ended the second quarter, net sales and selling, general and administrative expenses each decreased by ¥21 million. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending July 2022, was applied from the beginning of the first quarter of the current consolidated fiscal year. Points awarded are treated as a reduction in net sales. - FY2020RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending July 2022.」
The 5 steps under the revenue recognition standard and its scheduled application from the beginning of the fiscal year ending July 2022 are reiterated. - FY2019First statedAnnual report
「This is a comprehensive accounting standard for revenue recognition. 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, a performance obligation is satisfied. The standard is scheduled to be applied from the beginning of the fiscal year ending July 2022.」
The company explains the new revenue recognition standard in 5 steps and states that it is scheduled to be applied from the beginning of the fiscal year ending July 2022. The amount of the impact of application is under assessment.