Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022.
85 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥769.889 million, cost of sales decreased by ¥800.123 million, and operating profit, ordinary profit and profit before income taxes for the year each increased by ¥30.233 million.」
The application of the Accounting Standard for Revenue Recognition was reflected in the full-year financial statements, with the amounts of its impact on revenue, cost of sales, profit and opening retained earnings disclosed definitively. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the current third quarter cumulative consolidated period decreased by ¥291.363 million, cost of sales decreased by ¥309.073 million, and operating profit, ordinary profit and profit before income taxes for the quarter each increased by ¥17.710 million. The opening balance of retained earnings also increased by ¥144.184 million.」
The impact through the third quarter cumulative period of the Accounting Standard for Revenue Recognition, applied from the first quarter, was updated for revenue, cost of sales, profit and opening retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the current second quarter cumulative consolidated period decreased by ¥129.968 million, cost of sales decreased by ¥151.278 million, and operating profit, ordinary profit and profit before income taxes for the quarter each increased by ¥21.310 million. The opening balance of retained earnings also increased by ¥144.184 million.」
The cumulative impact of the Accounting Standard for Revenue Recognition, applied from the first quarter, was updated, with specific effects on revenue, cost of sales, profit and opening retained earnings disclosed. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the fiscal year, we applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, recognizing revenue 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 Accounting Standard for Revenue Recognition, disclosed as scheduled for adoption in FY2019, was actually applied from the current first quarter beginning on 1 April 2021. As a result, revenue decreased by ¥55.040 million, operating profit, ordinary profit and profit before income taxes for the quarter each increased by ¥30.336 million, and retained earnings at the beginning of the fiscal year increased by ¥144.184 million. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The new accounting standard on revenue recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact on the financial statements was stated to be under evaluation.