Application of the revenue-recognition accounting standard from the fiscal year ending March 2022
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
86 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first-quarter accounting period. Compared with the previous accounting treatment, revenue and cost of sales for the nine months ended the third quarter each decreased by ¥5.519 million, with no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company continued applying the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022. For the nine months ended the third quarter, revenue and cost of sales each decreased by ¥5.519 million, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first-quarter accounting period. Compared with the previous accounting treatment, revenue and cost of sales for the six months ended the first quarter each decreased by ¥1.251 million, with no impact on operating profit, ordinary profit or profit before income taxes and other adjustments for the quarter.」
As planned, the company applied the accounting standards for revenue recognition and related standards from 1 April 2021, the beginning of the fiscal year ending March 2022. Transactions for which the company acts as an agent are now presented on a net basis, reducing revenue and cost of sales by ¥1.251 million each, with no impact on the respective profit figures. - FY2019First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time its policy of applying the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. The impact on the financial statements was still being evaluated at that time.