Adoption of the new revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2018. 5 of 11 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For contracts for which the progress toward satisfying performance obligations cannot reasonably be estimated, we recognize as revenue an amount equal to the portion of costs incurred that is expected to be recovered.」
Based on the accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022, the company continues to use the cost recovery method for contracts where progress cannot reasonably be estimated. - FY2024RestatedAnnual report
「For contracts for which the progress toward satisfying performance obligations cannot reasonably be estimated, we recognize as revenue an amount equal to the portion of costs incurred that is expected to be recovered.」
Based on the accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022, the company continues to use the cost recovery method for contracts where progress cannot reasonably be estimated. - FY2023RestatedAnnual report
「For contracts for which the progress toward satisfying performance obligations cannot reasonably be estimated, we recognize as revenue an amount equal to the portion of costs incurred that is expected to be recovered.」
Based on the accounting standard for revenue recognition applied from the beginning of the fiscal year ending March 2022, the company continued to disclose its revenue recognition methods for contracts where progress can be estimated and contracts using the cost recovery method. - FY2023-Q1Disclosed the occurrence of projects to which the cost recovery method applies.Annual report
「Although multiple projects arose to which the cost recovery method under the accounting standard for revenue recognition applied, meaning projects for which only the costs corresponding to the current first quarter of the consolidated fiscal year were recognized as revenue,」
The company explained that, after applying the accounting standard for revenue recognition, multiple projects arose in the first quarter to which the cost recovery method applied, and only the corresponding costs were recognized as revenue. - FY2022Disclosed the full-year impact of applying the revenue recognition accounting standardAnnual report
「As a result, compared with before the application of the accounting standard for revenue recognition and related standards, consolidated net sales for the current consolidated fiscal year decreased by ¥122.172 million, cost of sales decreased by ¥108.738 million, and operating income, ordinary income and profit before income taxes each decreased by ¥13.434 million.」
The accounting standard for revenue recognition was applied for the full fiscal year, and the quantitative impacts on net sales, cost of sales and operating income, among other items, were disclosed. - FY2022-Q3Updated cumulative third-quarter impact of adoptionAnnual report
「As a result, revenue for the nine-month period of the third quarter of the consolidated fiscal year increased by ¥505.104 million, cost of sales increased by ¥301.590 million, and operating income, ordinary income and income before income taxes for the quarter each increased by ¥203.514 million.」
Quantitatively updated the impact of the revenue recognition accounting standard, applied from the beginning of the fiscal year ending March 2022, on revenue, cost of sales, operating income and other items for the nine-month period of the third quarter. - FY2022-Q2Disclosed the impact after adoptionAnnual report
「As a result, revenue for the six-month period of the second quarter of the consolidated fiscal year increased by ¥290.740 million, cost of sales increased by ¥175.118 million, and operating income, ordinary income and income before income taxes for the quarter each increased by ¥115.622 million.」
Quantitatively disclosed the impact of the revenue recognition accounting standard, applied from the beginning of the fiscal year ending March 2022, on revenue, cost of sales, operating income and other items for the six-month period of the second quarter. - FY2022-Q1AchievedAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year.」
The company applied the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 as previously planned. As a result, first-quarter revenue increased by ¥197.136 million, while operating income, ordinary income and income before income taxes for the quarter each increased by ¥81.963 million. - FY2021RestatedAnnual report
「(2) Scheduled adoption date: The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related requirements: The application of the Accounting Standard for Revenue Recognition and related requirements will have no material impact on the consolidated financial statements.」
The company maintained its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and stated that it expected no material impact on the consolidated financial statements. - FY2020RestatedAnnual report
「(2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance: The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is currently under assessment.」
The company planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continued to assess the impact. - FY2018First statedAnnual report
「(2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance: The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is currently under assessment.」
The company planned to apply the Accounting Standard for Revenue Recognition and related implementation guidance from the beginning of the fiscal year ending March 2022, and stated that it was assessing the impact on the financial statements.