Scheduled Application of the Revenue Recognition Standard from the Fiscal Year Ending January 2023
First written in FY2022. 4 of 6 entries say "Restated". Latest entry: FY2024-Q1.
107 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「The application of the revenue recognition accounting standard and related guidance follows the transitional treatment specified in the proviso to Paragraph 84 of the revenue recognition accounting standard. The cumulative effect of retrospectively applying the new accounting policy to periods before the beginning of the first quarter of the current consolidated fiscal year was added to or deducted from retained earnings at the beginning of that quarter, and the new accounting policy was applied from that opening balance.」
The company reiterated the accounting treatment of reflecting the cumulative impact of the accounting standards for revenue recognition adopted from the beginning of the fiscal year ending January 2023 in retained earnings at the beginning of the fiscal year. - FY2023RestatedAnnual report
「As a result, revenue for the current consolidated fiscal year increased by ¥4,260 thousand, cost of sales decreased by ¥1,524 thousand, and operating income, ordinary income and profit before income taxes increased by ¥5,784 thousand each.」
The company continued applying the accounting standards for revenue recognition adopted from the beginning of the fiscal year ending January 2023 and disclosed the impact on annual revenue and profit. - FY2023-Q3RestatedAnnual report
「The application of the revenue recognition accounting standard and related guidance follows the transitional treatment specified in the proviso to Paragraph 84 of the revenue recognition accounting standard. The cumulative effect of retrospectively applying the new accounting policy to periods before the beginning of the first quarter of the current consolidated fiscal year was added to or deducted from retained earnings at the beginning of that quarter, and the new accounting policy was applied from that opening balance.」
The company continued applying the accounting standards for revenue recognition adopted from the beginning of the fiscal year ending January 2023 and reflected the cumulative impact in retained earnings at the beginning of the fiscal year. - FY2023-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter increased by ¥1,038 thousand, cost of sales decreased by ¥404 thousand, and operating income, ordinary income and profit before income taxes increased by ¥1,442 thousand each.」
The company continued applying the accounting standards for revenue recognition and disclosed the impact for the first half resulting from changes in revenue recognition for support services, customization and other services. - FY2023-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company applied the accounting standards for revenue recognition and related guidance, which had been scheduled for FY2022, from the beginning of the first quarter of the current consolidated fiscal year. It also changed its methods for recognizing revenue from support services, customization and other services. - FY2022First statedAnnual report
「The Revenue Recognition Standard (ASBJ Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) are scheduled to be applied from the beginning of the fiscal year ending January 2023. The amount of the impact was under evaluation when these consolidated financial statements were prepared.」
Disclosed plans to apply the revenue recognition standards from the beginning of the fiscal year ending January 2023, with the impact still under evaluation.