Application of the Revenue Recognition Accounting Standard and Its Impact on the Earnings Outlook
First written in FY2021. 4 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2024.
86 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and other relevant standards from the beginning of the current fiscal year. Accordingly, the figures used for comparison with the previous fiscal year are based on different calculation methods.」
The Company reconfirmed for the full year that the revenue recognition standard and other relevant standards had been applied and that the comparison with the previous fiscal year was based on different calculation methods. - FY2023RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and other relevant standards from the beginning of the current fiscal year. Accordingly, the figures used for comparison with the previous fiscal year are based on different calculation methods.」
The Company reconfirmed for the full year that the revenue recognition standard and other relevant standards had been applied and that the comparison with the previous fiscal year was based on different calculation methods. - FY2022AdvancedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and other relevant standards from the beginning of the current fiscal year. Accordingly, the figures used for comparison with the previous fiscal year are based on different calculation methods.」
The Company also explicitly stated for the full year that the revenue recognition standard and other relevant standards had been applied from the beginning of the current fiscal year and that figures based on different calculation methods were used for comparison with the previous fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative nine-month period, net sales and operating profit decreased by ¥30.368 million each, while ordinary profit and quarterly net income before taxes increased by ¥1.728 million each. Retained earnings at the beginning of the fiscal year also increased by ¥306.723 million.」
The Company disclosed specific amounts of the impact of applying the revenue recognition standard on net sales, operating profit, ordinary profit and other items for the cumulative nine-month period, as well as the increase in retained earnings at the beginning of the fiscal year. - FY2022-Q2AdvancedAnnual report
「As a result, for certain transactions involving the provision of licenses, revenue had been recognized when payment was received under the contract, but the Company changed to a method of recognizing revenue when the performance obligation is satisfied.” “As a result, for the cumulative second-quarter period, net sales and operating profit decreased by ¥164.614 million each, while ordinary profit and quarterly net income before taxes each decreased by ¥154.994 million. Retained earnings at the beginning of the fiscal year also increased by ¥306.723 million.」
The Company continued applying the revenue recognition standard and disclosed specific amounts of the resulting impact on net sales, operating profit and other items for the cumulative second-quarter period, as well as the increase in retained earnings at the beginning of the fiscal year, following the change in the timing of license revenue recognition. - FY2022-Q1AdvancedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and other standards from the beginning of the current first-quarter 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 transfers to the customer.」
The Company applied the revenue recognition standard and other relevant standards from 1 October 2021, as indicated in the previous filing, and changed the recognition timing for certain license transactions from the time of receipt to the time when the performance obligation is satisfied. Net sales and operating profit each decreased by ¥91.773 million, while retained earnings at the beginning of the fiscal year increased by ¥306.723 million. - FY2021First statedAnnual report
「From the beginning of the fiscal year ending September 2022, the Company will apply the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020; hereinafter, the “revenue recognition standard”) and other relevant standards. Accordingly, the performance outlook above reflects the application of these standards, and year-on-year percentage changes are not presented. The impact of applying the revenue recognition standard and other relevant standards is currently being assessed. At this point, however, the Company expects net sales, consisting of royalty income, and operating profit, ordinary profit and net income to decrease, with the decreases expected to be added to retained earnings at the beginning of the fiscal year ending September 2022 in accordance with the transitional treatment prescribed in the proviso to Paragraph 84 of the revenue recognition standard.」
The Company stated its policy of applying the revenue recognition standard and other relevant standards from the beginning of the fiscal year ending September 2022, disclosed that the performance outlook reflects their application, and stated that the impact of decreases in royalty income and each profit item is being assessed.