Preparing to Adopt the Revenue Recognition Standard
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2023.
85 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, compared with before applying the Accounting Standard for Revenue Recognition and other relevant standards, the consolidated income statement for the current consolidated fiscal year showed increases of ¥183,722 thousand in net sales, ¥99,135 thousand in cost of sales, and ¥84,587 thousand each in operating income, ordinary income and net income before income taxes.」
Application of the Accounting Standard for Revenue Recognition and other relevant standards, which had been described in the previous fiscal year as being under preparation, continued, and the full-year impacts on net sales, cost of sales and profit were disclosed. - FY2023-Q3RestatedAnnual report
「As a result, the opening balance of retained earnings increased by ¥22,610 thousand because the cumulative effect was reflected in net assets at the beginning of the first-quarter consolidated accounting period. Compared with the previous method, net sales increased by ¥239,698 thousand, cost of sales increased by ¥137,352 thousand, and operating income, ordinary income and quarterly net income before income taxes increased by ¥102,345 thousand each during the third-quarter consolidated cumulative period.」
Application of the Accounting Standard for Revenue Recognition and other relevant standards continued, and the impacts on retained earnings, net sales, cost of sales and operating income and other items during the third-quarter cumulative period were disclosed. The standard had already been applied from the first quarter, with no transition to a new stage of application. - FY2023-Q2RestatedAnnual report
「As a result, the opening balance of retained earnings increased by ¥22,610 thousand because the cumulative effect was reflected in net assets at the beginning of the first-quarter consolidated accounting period. Compared with the previous method, net sales increased by ¥178,839 thousand, cost of sales increased by ¥114,794 thousand, and operating income, ordinary income and quarterly net income before income taxes increased by ¥64,044 thousand each during the second-quarter consolidated cumulative period.」
Application of the Accounting Standard for Revenue Recognition and other relevant standards continued, and the impacts during the second-quarter cumulative period were disclosed as a ¥178,839 thousand increase in net sales, a ¥114,794 thousand increase in cost of sales and a ¥64,044 thousand increase in operating income and other items. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards have been applied from the first-quarter consolidated accounting period. Details are provided under “Part 4: Accounting Status, 1. Quarterly Consolidated Financial Statements, Notes (Changes in Accounting Policies).” As a result, the opening balance of retained earnings increased by ¥22,610 thousand because the cumulative effect was reflected in net assets at the beginning of the first-quarter consolidated accounting period. Compared with the previous method, net sales decreased by ¥148 thousand, cost of sales decreased by ¥8,285 thousand, and operating income, ordinary income and quarterly net income before income taxes increased by ¥8,136 thousand each during the first-quarter consolidated cumulative period.」
The Accounting Standard for Revenue Recognition and other relevant standards, which had been described as being under preparation in FY2022, were actually applied from the first-quarter consolidated accounting period beginning 1 February 2022. The impacts on retained earnings, net sales, cost of sales and profit were also disclosed. - FY2022First statedAnnual report
「The Accounting Standard for Revenue Recognition and other relevant standards will be applied from the beginning of the fiscal year ending January 2023. The amount of the impact of applying the Accounting Standard for Revenue Recognition and other relevant standards on the consolidated financial statements is currently being assessed.」
The company disclosed plans to apply the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the fiscal year ending January 2023. The amount of the impact was stated to be under assessment.