Future Application of the Revenue Recognition Accounting Standard and Impact Assessment
First written in FY2018. 5 of 8 entries say "Restated". Latest entry: FY2022.
74 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. 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 provides annual disclosure of the post-adoption revenue recognition method and its impact under the revenue recognition accounting standard applied from the beginning of FY2022. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the consolidated fiscal year increased by ¥232,655 thousand, cost of sales increased by ¥170,512 thousand, and operating income, ordinary income, and profit before income taxes for the quarter each increased by ¥62,142 thousand. The opening balance of retained earnings also increased by ¥18,939 thousand.」
The company continues to disclose the cumulative impact on net sales and profit of applying the revenue recognition accounting standard from the first quarter of FY2022. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied from the beginning of the first quarter of the current consolidated fiscal year. 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 is transferred to the customer.」
The company continues to apply the revenue recognition accounting standard from the beginning of the first quarter of FY2022. The increase in net sales attributable to its application for the cumulative second quarter was stated as ¥69,118 thousand. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we applied the Accounting Standard for Revenue Recognition and related standards and 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 applied the accounting standard for revenue recognition and related standards as planned from the beginning of the fiscal year ending March 2022. As a result, net sales increased by ¥131,514 thousand, operating income and related amounts increased by ¥18,153 thousand, and the opening balance of retained earnings increased by ¥18,939 thousand. - FY2021AdvancedAnnual report
「The cumulative impact of applying the accounting standard for revenue recognition and related standards is expected to be reflected in net assets at the beginning of the following consolidated fiscal year, increasing the opening balance of retained earnings by ¥18,939 thousand.」
The company quantified the expected impact of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, including an expected ¥18,939 thousand increase in the opening balance of retained earnings. - FY2020RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to state that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2019RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and was assessing the impact. - FY2018First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, with the impact on the consolidated financial statements still being assessed as of the current date.