Preparing to adopt new standards on revenue recognition, fair value measurement and other matters
First written in FY2021. 2 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
131 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「For the consolidated statement of income and comprehensive income for the current consolidated fiscal year, revenue decreased by ¥430.044 million, cost of sales decreased by ¥297.270 million, and operating income, ordinary income and profit before income taxes each decreased by ¥132.773 million.」
The company continues to apply the revenue recognition accounting standard and related standards and has disclosed their impact on full-year revenue, cost of sales and profit. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine-month period of the current consolidated fiscal year decreased by ¥310.608 million, cost of sales decreased by ¥188.501 million, and operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥122.107 million.」
The company continues to apply the revenue recognition accounting standard and related standards and has disclosed their impact on revenue and profit for the nine-month period of the current fiscal year. - FY2022-Q2AchievedAnnual report
「The company has applied the "Accounting Standard for Fair Value Measurement" (ASBJ Statement No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Accounting Standard"), among other standards, from the beginning of the first quarter of the consolidated fiscal year,」
In addition to the revenue recognition accounting standard, the fair value measurement accounting standard and other standards have also been applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. 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.」
The revenue recognition accounting standard and other standards scheduled for FY2021 were actually applied from 1 April 2021. The accounting treatment of construction contracts, bill-and-hold contracts and provision for returns was also changed. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 26 March 2021) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the revenue recognition standard, fair value measurement standard and other standards from the beginning of the fiscal year ending March 2022 and is assessing the impact.