Adoption of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 8 entries say "Restated". Latest entry: FY2025.
104 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual 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 80th fiscal year」
The company continues to disclose metrics following the application of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2022Annual impact updatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the consolidated fiscal year, … and both “sales” and “cost of sales” decreased by ¥1,171.833 million.」
The company continued applying the Accounting Standard for Revenue Recognition. Following the change in presentation for transactions involving customer-supplied materials, annual sales and cost of sales each decreased by ¥1,171.833 million. There was no impact on operating profit, ordinary profit or profit before income taxes. - FY2022-Q3Update to the estimated impact of adoptionAnnual report
「Parts and raw materials supplied by customers for consideration had previously been reported on a gross basis as “sales” and “cost of sales,” but are now reported as a deduction from “sales.” As a result, both “sales” and “cost of sales” decreased by ¥810.229 million.」
The company continued applying the Accounting Standard for Revenue Recognition. Following the change in presentation for transactions involving customer-supplied materials, sales and cost of sales for the cumulative third-quarter consolidated period each decreased by ¥810.229 million. There was no impact on operating profit, ordinary profit or profit before income taxes. - FY2022-Q2Update to the estimated impact of adoptionAnnual report
「Parts and raw materials supplied by customers for consideration had previously been reported on a gross basis as “sales” and “cost of sales,” but are now reported as a deduction from “sales.” As a result, both “sales” and “cost of sales” decreased by ¥458.285 million.」
The company continued applying the Accounting Standard for Revenue Recognition. Following the change in presentation for transactions involving customer-supplied materials, sales and cost of sales for the cumulative second-quarter consolidated period each decreased by ¥458.285 million. There was no impact on operating profit, ordinary profit or profit before income taxes. - FY2022-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 began applying the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. For transactions involving customer-supplied materials, sales and cost of sales each decreased by ¥233.008 million, with no impact on operating profit or other profit figures. - FY2021AdvancedAnnual report
「Under the application of the Accounting Standard for Revenue Recognition and related standards, sales and cost of sales for transactions involving customer-supplied materials had previously been reported on a gross basis when resold to customers, but will instead be deducted from sales. Sales and cost of sales for the following consolidated fiscal year are each expected to decrease by ¥1,400 million.」
The impact of applying the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 was specified, moving from an assessment in progress to an expected ¥1,400 million decrease in both sales and cost of sales. - FY2020RestatedAnnual report
「The company will apply these standards from the beginning of the fiscal year ending March 2022.” The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company plans to apply the new accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 and continues to assess the impact. - FY2019First statedAnnual report
「The company will apply these standards from the beginning of the fiscal year ending March 2022.” The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company first reported plans to apply the new accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022. The impact on the financial statements is still being assessed.