Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
10 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, for the consolidated fiscal year, net sales decreased by ¥64,109 thousand, cost of sales decreased by ¥56,832 thousand, selling, general and administrative expenses decreased by ¥7,277 thousand, and gross profit decreased by ¥7,277 thousand. However, there was no impact on operating profit, ordinary profit, or income before taxes and other adjustments.」
The company specifically disclosed the full-year impact of applying the Revenue Recognition Standard, consisting of a ¥64,109 thousand decrease in net sales, a ¥7,277 thousand decrease in gross profit, and no impact on operating profit or other measures. - FY2022-Q3AdvancedAnnual report
「As a result, for the nine months ended the current third quarter, net sales decreased by ¥45,566 thousand, cost of sales decreased by ¥39,664 thousand, selling, general and administrative expenses decreased by ¥5,902 thousand, and gross profit decreased by ¥5,902 thousand. However, there was no impact on operating profit, ordinary profit, or income before taxes and other adjustments.」
The company specified the impact of applying the Revenue Recognition Standard for the nine months ended the third quarter, disclosing decreases of ¥45,566 thousand in net sales and ¥5,902 thousand in gross profit, with no impact on operating profit or other measures. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended the current second quarter, net sales decreased by ¥28,638 thousand, cost of sales decreased by ¥25,097 thousand, selling, general and administrative expenses decreased by ¥3,540 thousand, and gross profit decreased by ¥3,540 thousand. However, there was no impact on operating profit, ordinary profit, or income before taxes and other adjustments.」
The company disclosed the impact of applying the Revenue Recognition Standard for the six months ended the second quarter, specifying decreases of ¥28,638 thousand in net sales and ¥3,540 thousand in gross profit, with no impact on operating profit or other measures. - FY2022-Q1AchievedAnnual report
「Because the company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the Revenue Recognition Standard) and other requirements from the beginning of the current first quarter of the consolidated fiscal year」
The company actually applied the Revenue Recognition Standard and related requirements from the beginning of the current first quarter, although application had been scheduled to begin in the fiscal year ending November 2022. As a result, net sales decreased by ¥16,085 thousand, but there was no impact on operating profit or ordinary profit. - FY2019RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending November 2022.」
The company continues to disclose its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending November 2022. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be adopted from the beginning of the fiscal year ending November 2022.」
The company disclosed that the new revenue recognition standards were scheduled to be adopted from the beginning of the fiscal year ending November 2022 and that the impact was being assessed.