Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2019. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「Since the previous fiscal year, some projects have been affected by the adoption of the new accounting standard for revenue recognition.」
The adoption of the accounting standard for revenue recognition continues to affect some projects. - FY2023-Q1RestatedAnnual report
「Since the previous fiscal year, some projects have been affected by the adoption of the new accounting standard for revenue recognition.」
The adoption of the accounting standard for revenue recognition continues to affect some projects. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine months ended the third quarter increased by ¥6.716 million, cost of sales increased by ¥7.883 million, and the operating loss, ordinary loss, and quarterly net loss before income taxes and other adjustments each increased by ¥1.167 million. The opening balance of retained earnings also decreased by ¥34.327 million.」
The company continues to apply the accounting standard for revenue recognition and has updated its disclosure of the impact on revenue, cost of sales, losses, and opening retained earnings for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥1.455 million, cost of sales decreased by ¥647 thousand, and the operating loss, ordinary loss, and quarterly net loss before income taxes and other adjustments each increased by ¥808 thousand. The opening balance of retained earnings also decreased by ¥34.327 million.」
The company continues to apply the accounting standard for revenue recognition and has disclosed that, for the six months ended the second quarter, revenue decreased by ¥1.455 million, losses and related items increased by ¥808 thousand, and opening retained earnings decreased by ¥34.327 million. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 company began applying the accounting standard for revenue recognition and related standards on 1 April 2021. Some equipment maintenance revenue was changed from recognition at a point in time to recognition over a period of time, reducing revenue for the first quarter by ¥15.851 million. - FY2020RestatedAnnual report
「(2) Scheduled adoption date The standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adoption of the accounting standards The impact was under evaluation when the consolidated financial statements were prepared.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed. - FY2019First statedAnnual report
「Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company has disclosed for the first time that it plans to adopt the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. The impact was still being assessed at the time of preparation.