Planned Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
85 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, net sales increased by ¥921 million, cost of sales increased by ¥752 million, and operating income, ordinary income, and income before income taxes and other adjustments each increased by ¥186 million. Retained earnings at the beginning of the fiscal year also increased by ¥123 million.」
Additional disclosure was made of the cumulative impact on net sales, earnings, and retained earnings for the nine months ended the third quarter of applying the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter, net sales increased by ¥557 million, cost of sales increased by ¥466 million, and operating income, ordinary income, and income before income taxes and other adjustments each increased by ¥104 million. Retained earnings at the beginning of the fiscal year also increased by ¥123 million.」
The company disclosed the impact on the six months ended the second quarter of the accounting standards for revenue recognition applied from the beginning of the first-quarter consolidated accounting period. The standards had already been applied, and details of the effects of their application were added. - FY2022-Q1AchievedAnnual report
「We applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and other relevant standards from the beginning of the current first-quarter consolidated accounting period. 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 transfers to the customer.」
The accounting standards for revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied. As a result, first-quarter net sales increased by ¥291 million, operating income and other items increased by ¥73 million, and retained earnings at the beginning of the fiscal year increased by ¥123 million. - FY2021RestatedAnnual report
「Scheduled application date: the standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The company planned to apply the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 and continued to assess the impact. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018), “Implementation Guidance on Accounting Standard for Revenue Recognition” (Implementation Guidance No. 30, 30 March 2018), and scheduled application date: the standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. Impact of applying the accounting standards: the amount of the impact was under assessment when these consolidated financial statements were prepared.」
The company disclosed that it planned to apply the comprehensive accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 and was assessing the impact on the financial statements.