Non-Application and Impact Assessment of the Revenue Recognition Standard
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.
10 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, net sales for the cumulative third quarter of the current fiscal year decreased by ¥2.718 million, cost of sales decreased by ¥13.983 million, and operating profit increased by ¥11.264 million, while there was no impact on ordinary profit or profit before income taxes for the quarter.」
The company continued applying the revenue recognition accounting standard and specifically disclosed the impact of changes to agency transactions and other items on cumulative third-quarter net sales, cost of sales and operating profit. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The company began applying the revenue recognition accounting standard on 1 April 2021, which had been under impact assessment in the previous fiscal year. Transactions conducted as an agent are now presented on a net basis, and royalties received are recognized as net sales. - FY2021AdvancedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The planned application date for the revenue recognition accounting standard was specified as the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related guidance is currently under assessment.」
The company is considering when to apply the new accounting standards and other requirements concerning revenue recognition, and is assessing the impact on the financial statements.