Adoption of Revenue Recognition and Accounting Estimate Disclosure Standards
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2022.
66 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The revenue recognition standard, which had been scheduled for application from the beginning of the fiscal year ending July 2022, was applied for the full fiscal year. Revenue and cost of sales each increased by ¥78.216 million, with no impact on the respective profit figures. - FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter of the current consolidated fiscal year increased by ¥1.573 million each, with no impact on gross profit, operating income, ordinary income or profit before income taxes and other adjustments.」
The revenue recognition standard continued to be applied. For the cumulative third quarter of the current consolidated fiscal year, revenue and cost of sales each increased by ¥1.573 million, while there was no impact on the respective profit figures. - FY2022-Q2AdvancedAnnual report
「Following the application of the revenue recognition standard, accounts receivable, which had been presented under current assets on the consolidated balance sheet for the previous consolidated fiscal year, have been presented from the current second quarter as included in accounts receivable and contract assets. In accordance with the transitional treatment prescribed in Paragraph 89-2 of the revenue recognition standard, the previous consolidated fiscal year has not been reclassified using the new presentation method. As a result, revenue and cost of sales for the cumulative second quarter increased by ¥33.552 million each, with no impact on gross profit, operating income, ordinary income or profit before income taxes and other adjustments.」
Discloses specific presentation changes following application of the revenue recognition standard and the amounts of the impact on revenue and cost of sales for the cumulative second quarter. It states that there was no impact on profit. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter. 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 revenue recognition standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending July 2022, were applied from the beginning of the current first quarter. - FY2021AdvancedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) has been applied to the consolidated financial statements for the year-end of the current consolidated fiscal year, and notes on significant accounting estimates have been included in the consolidated financial statements. The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending July 2022.」
The accounting estimates disclosure standard was applied from the end of the fiscal year ending July 2021. The revenue recognition standard, meanwhile, was scheduled to be applied from the beginning of the fiscal year ending July 2022. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending July 2022. The Accounting Standard for Disclosure of Accounting Estimates will be applied from the year-end of the fiscal year ending July 2021.」
Newly states that the revenue recognition standard will be applied from the beginning of the fiscal year ending July 2022 and the accounting estimates disclosure standard from the end of the fiscal year ending July 2021.