Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending July 2022
First written in FY2020. 2 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2022.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, revenue increased by ¥570.329 million and cost of sales increased by ¥102.132 million during the fiscal year, while non-operating income decreased by ¥1.260 million, resulting in increases of ¥468.196 million in operating profit and ¥466.936 million each in ordinary profit and profit before income taxes. Retained earnings at the beginning of the fiscal year also increased by ¥190.784 million.」
The Company applied the revenue recognition accounting standard and related standards from the beginning of the fiscal year, and disclosed the full-year impacts on revenue, profit and retained earnings at the beginning of the fiscal year as final actual results. - FY2022-Q3RestatedAnnual report
「As a result, revenue increased by ¥589.142 million and cost of sales increased by ¥133.951 million during the nine months ended 30 April, while non-operating income decreased by ¥1.260 million, resulting in increases of ¥455.190 million in operating profit and ¥453.930 million each in ordinary profit and profit before income taxes. Retained earnings at the beginning of the fiscal year also increased by ¥190.784 million.」
The Company continues to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending July 2022, and has updated the impact on revenue, profit and retained earnings at the beginning of the fiscal year for the nine months ended 30 April. - FY2022-Q2RestatedAnnual report
「As a result, revenue increased by ¥489.209 million and cost of sales increased by ¥164.153 million during the six months ended 31 January, while non-operating income decreased by ¥1.260 million, resulting in increases of ¥325.056 million in operating profit and ¥323.796 million each in ordinary profit and profit before income taxes. Retained earnings at the beginning of the fiscal year also increased by ¥190.784 million.」
The Company continues to apply the revenue recognition accounting standard and related standards, and has updated the impact on revenue, profit and retained earnings at the beginning of the fiscal year for the six months ended 31 January. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year, and recognises revenue 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. As a result, revenue increased by ¥275.503 million and cost of sales increased by ¥87.581 million during the first quarter, while non-operating income decreased by ¥1.260 million, resulting in increases of ¥187.921 million in operating profit and ¥186.661 million each in ordinary profit and profit before income taxes. Retained earnings at the beginning of the fiscal year also increased by ¥190.784 million.」
The Company actually applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the fiscal year ending July 2022, changing revenue recognition to reflect the point at which performance obligations are satisfied and the degree of progress, and presenting transactions conducted as an agent on a net basis. The impacts of the application on revenue, profit and retained earnings at the beginning of the fiscal year have also been quantified. - FY2021AdvancedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending July 2022. (3) Impact of applying the accounting standards and related standards As a result, retained earnings at the beginning of the fiscal year are expected to increase by ¥190.784 million.」
The Company maintains its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending July 2022, and has quantified the impact of its application on retained earnings at the beginning of the fiscal year as an increase of ¥190.784 million. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending July 2022.」
The Company plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending July 2022, and is currently assessing the impact on the consolidated financial statements.