Application of the Accounting Standard for Revenue Recognition and Its Impact on Financial Statements
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2022.
81 other companies' latest entry also says "Other".
- FY2022Impact amount updatedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥297.364 million, cost of sales decreased by ¥121.938 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥175.426 million each. The beginning balance of retained earnings also decreased by ¥55.857 million.」
The Company reported the finalized full-year impact of applying the revenue recognition accounting standard on revenue, profit and retained earnings as actual results. - FY2022-Q3Impact amount updatedAnnual report
「As a result, revenue for the current third quarter consolidated cumulative period decreased by ¥103 million, cost of sales decreased by ¥66 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥36 million each. The beginning balance of retained earnings also decreased by ¥55 million.」
The cumulative impact through the third quarter following application of the revenue recognition accounting standard was updated, showing a ¥103 million decrease in revenue, a ¥66 million increase in cost of sales, a ¥36 million decrease in operating profit and related measures, and a ¥55 million decrease in the beginning balance of retained earnings. - FY2022-Q2Impact amount updatedAnnual report
「As a result, revenue for the current second quarter consolidated cumulative period decreased by ¥30 million, cost of sales decreased by ¥10 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥19 million each. The beginning balance of retained earnings also decreased by ¥55 million.」
The cumulative impact following application of the revenue recognition accounting standard was updated, showing a ¥30 million decrease in revenue, a ¥10 million increase in cost of sales, a ¥19 million decrease in operating profit and related measures, and a ¥55 million decrease in the beginning balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related 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 is transferred to the customer. As a result, revenue for the current first quarter consolidated cumulative period decreased by ¥4 million, cost of sales increased by ¥9 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥14 million each. The beginning balance of retained earnings also decreased by ¥55 million.」
The Company began applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and reported the resulting impacts on revenue, profit and retained earnings for the first time as actual results. - FY2021RestatedAnnual report
「The Company will apply the standard 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 planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continued to assess its impact on the financial statements. - FY2020RestatedAnnual report
「The Company will apply the standard 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 set the beginning of the fiscal year ending March 2022 as the application date for the revenue recognition accounting standard and continued to assess its impact on the financial statements. - FY2018First statedAnnual report
「The Company will apply the standard 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 planned to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, and was assessing their impact on the consolidated financial statements.