Adoption of Accounting Standards for Revenue Recognition
First written in FY2022. 1 of 4 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Other".
- FY2023-Q3Disclosed the impact of adoption for the third quarterAnnual report
「As a result, net sales for the nine months ended the third quarter increased by ¥369.800 million, while selling, general and administrative expenses increased by the same amount. There was no impact on operating loss, ordinary loss or quarterly net loss before income taxes.」
The Company disclosed that adoption of the Revenue Recognition Accounting Standard and related standards increased net sales and selling, general and administrative expenses each by ¥369.800 million for the nine months ended the third quarter, with no impact on operating loss or other relevant loss measures. - FY2023-Q2Impact of application disclosedAnnual report
「The Company adopted 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 first quarter of the consolidated fiscal year. Accordingly, revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales for the six months ended the second quarter increased by ¥334.952 million, while selling, general and administrative expenses increased by the same amount. There was no impact on operating income, ordinary income or profit before income taxes for the quarter.」
The Company disclosed the revenue recognition method following adoption of the Revenue Recognition Accounting Standard, stating that during the six months ended the second quarter, net sales and selling, general and administrative expenses each increased by ¥334.952 million, with no impact on operating income or other relevant profit measures. - FY2023-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards from the beginning of the current first quarter of the consolidated fiscal year,」
The Company adopted the accounting standards for revenue recognition and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023, from the beginning of the first quarter of the current fiscal year. It also changed its methods for determining whether it is acting as a principal or an agent and for recognizing revenue under its points program. - FY2022First statedAnnual report
「To be applied from the beginning of the fiscal year ending February 2023.」
The Company plans to adopt the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2023, and is currently assessing the impact on the consolidated financial statements.