Planned Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending June 2022
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Finalization of Annual Impact AmountsAnnual report
「As a result, compared with before the application of the Accounting Standard for Revenue Recognition and other applicable standards, trade receivables and contract assets on the consolidated balance sheet for the current consolidated fiscal year increased by ¥441.235 million. On the consolidated income statement for the current consolidated fiscal year, net sales increased by ¥175.560 million, cost of sales increased by ¥51.111 million, and operating loss, ordinary loss and loss before income taxes each decreased by ¥124.449 million.」
The annual impact of applying the Accounting Standard for Revenue Recognition has been disclosed, including a ¥441.235 million change in contract assets, a ¥175.560 million change in net sales and a ¥124.449 million change in operating loss and other items. - FY2022-Q3Update on the impact of adoptionAnnual report
「As a result, for the nine months ended the current third quarter of the consolidated fiscal year, net sales decreased by ¥13.496 million, cost of sales increased by ¥67.306 million, and operating loss, ordinary loss and loss before income taxes increased by ¥80.803 million each. In addition, the beginning balance of retained earnings increased by ¥155.169 million.」
The impact of applying the Accounting Standard for Revenue Recognition has been updated: for the nine months ended the third quarter, net sales decreased by ¥13.496 million, cost of sales increased by ¥67.306 million, and operating loss and other items increased by ¥80.803 million. - FY2022-Q2Update on the impact of adoptionAnnual report
「As a result, for the six months ended the current second quarter of the consolidated fiscal year, net sales increased by ¥840.556 million, cost of sales increased by ¥267.194 million, and operating income, ordinary income and profit before income taxes increased by ¥573.362 million each. In addition, the beginning balance of retained earnings increased by ¥155.169 million.」
The cumulative impact of applying the Accounting Standard for Revenue Recognition has been updated, with net sales increasing by ¥840.556 million, operating income, ordinary income and other items increasing by ¥573.362 million each, and retained earnings at the beginning of the fiscal year increasing by ¥155.169 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards were applied from the beginning of the current first quarter of the consolidated fiscal year, and 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. Previously, revenue was recognized under an acceptance-based method for each billing unit specified in the contract, but this has been changed to a method of recognizing revenue when the provision of each individual service is completed.」
The Accounting Standard for Revenue Recognition, which had been scheduled for adoption from the beginning of the fiscal year ending June 2022, was applied from the beginning of the current first quarter of the consolidated fiscal year, changing revenue recognition from acceptance based on contract units to recognition when the provision of each individual service was completed. As a result of the adoption, net sales increased by ¥515.836 million and operating income and other items increased by ¥362.065 million. - FY2021RestatedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending June 2022.」
It has reconfirmed the plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending June 2022. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
It has reconfirmed the plan to apply the Accounting Standard for Revenue Recognition and other applicable standards from the beginning of the fiscal year ending June 2022. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards will be applied from the beginning of the fiscal year ending June 2022.」
The Accounting Standard for Revenue Recognition and other applicable standards are scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact on the financial statements is under evaluation.