Preparing to Apply New Accounting Standards, Including Revenue Recognition
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
85 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue increased by ¥40.230 million and cost of sales increased by ¥18.742 million during the cumulative consolidated period through the third quarter, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥21.488 million. There was no impact on the beginning balance of retained earnings.」
The Company continued to apply the Revenue Recognition Standard, adopted from the beginning of the first quarter consolidated accounting period, and disclosed its impact for the cumulative period through the third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue increased by ¥16.509 million and cost of sales increased by ¥8.369 million during the cumulative consolidated period through the second quarter, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥8.139 million. There was no impact on the beginning balance of retained earnings.」
The Company continued to apply the Revenue Recognition Standard, adopted from the beginning of the fiscal year ending March 2022, in the second quarter and disclosed its impact, including a ¥16.509 million increase in revenue and a ¥8.139 million increase in operating income and related items. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the 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. Accordingly, from the first quarter consolidated accounting period, the Company changed its method of recognizing revenue from customization sales associated with the introduction of services and subsequent functional enhancements to recognizing revenue over a specified period as performance obligations are satisfied, except for arrangements with extremely short periods. As a result, revenue increased by ¥29.542 million and cost of sales increased by ¥9.277 million during the cumulative consolidated period through the first quarter, while operating income, ordinary income and profit before income taxes for the quarter each increased by ¥20.265 million.」
The Company applied the Revenue Recognition Standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, and changed the method of allocating customization sales over time. As a result, revenue increased by ¥29.542 million and operating income and related items increased by ¥20.265 million. - FY2021RestatedAnnual report
「(2) Scheduled date of application: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company maintained its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022, with the amount of the impact still under evaluation. - FY2020First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020)」
The accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.