Planned Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 7 of 9 entries say "Restated". Latest entry: FY2023.
127 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the 88th fiscal year, and the key management indicators and other figures for the 88th fiscal year onward reflect application of those standards.」
The company continues to present figures and indicators based on the Revenue Recognition Accounting Standard applied from the beginning of FY2022. - FY2023-Q3RestatedAnnual report
「Regarding the application of the Revenue Recognition Accounting Standard and related standards, the company has applied the new accounting policies from the beginning of the first quarter of the current fiscal year.」
The company continues to apply, in the third quarter of the current fiscal year, the accounting policies based on the Revenue Recognition Accounting Standard and related standards adopted from the first quarter. - FY2023-Q2RestatedAnnual report
「The application of the Revenue Recognition Accounting Standard and related standards follows the transitional treatment prescribed in the proviso to paragraph 84 of the standard. The cumulative impact of retrospectively applying the new accounting policy before the beginning of the first quarter of the current fiscal year was added to or deducted from retained earnings at the beginning of the first quarter, and the new accounting policy was applied from that opening balance.」
The company continues to apply the accounting policies based on the transitional treatment for the Revenue Recognition Accounting Standard and related standards adopted from the first quarter. - FY2022RestatedAnnual report
「As a result, for the full fiscal year, net sales decreased by ¥2,250.867 million and cost of sales decreased by ¥2,148.169 million, while operating income, ordinary income and net income before income taxes decreased by ¥102.698 million each. The opening balance of retained earnings also increased by ¥126.755 million.」
The company applied the Revenue Recognition Accounting Standard and related standards for the full fiscal year and disclosed the changes to net presentation for transactions conducted as an agent, the change to the percentage-of-completion method and their impact. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter, net sales decreased by ¥1,941.786 million and cost of sales decreased by ¥1,789.316 million, while operating income, ordinary income and quarterly net income before income taxes decreased by ¥152.469 million each. The opening balance of retained earnings also increased by ¥126.755 million.」
For the Revenue Recognition Accounting Standard and related standards applied from the first quarter, the company continued to apply net presentation for transactions conducted as an agent and the change to the percentage-of-completion method, and updated its disclosure of the impact for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「The application of the Revenue Recognition Accounting Standard and related standards follows the transitional treatment prescribed in the proviso to paragraph 84 of the standard. The cumulative impact of retrospectively applying the new accounting policy before the beginning of the first quarter of the current fiscal year was added to or deducted from retained earnings at the beginning of the first quarter, and the new accounting policy was applied from that opening balance.」
For the Revenue Recognition Accounting Standard and related standards applied from the first quarter, the company continued to apply net presentation for transactions conducted as an agent and the change to the percentage-of-completion method, and disclosed the impact for the cumulative second quarter, including a ¥1,656.662 million decrease in net sales, a ¥165.756 million decrease in operating income and other items, and a ¥126.755 million increase in the opening balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and related standards have been applied from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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. For contracts previously accounted for under the completed-contract method where performance obligations are satisfied over a specified period, the company has changed its method of recognizing revenue to the percentage-of-completion method. As a result, for the cumulative first quarter, net sales decreased by ¥1,122 million and cost of sales decreased by ¥997 million, while operating income, ordinary income and quarterly net income before income taxes decreased by ¥125 million each. The opening balance of retained earnings also increased by ¥126 million.」
The company actually applied the revenue recognition accounting standard and related standards that had been scheduled for adoption from the beginning of the fiscal year ending March 2022. It adopted net presentation for transactions conducted as an agent and changed to the percentage-of-completion method, and disclosed the impact on net sales and other items. - FY2020RestatedAnnual report
「"Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 31 March 2020) ... (2) Scheduled date of application: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reiterated that it planned to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending March 2022, and stated that the impact was being assessed. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition standard and related standards from the beginning of the fiscal year ending March 2022, and stated that the impact was being assessed at the time the financial statements were prepared.