Adoption of the revenue recognition standard
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
85 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, revenue decreased by ¥1,043 million, cost of sales decreased by ¥1,047 million, selling, general and administrative expenses decreased by ¥8 million, and operating profit, ordinary profit and profit before income taxes increased by ¥11 million each.」
The company continued applying the Accounting Standard for Revenue Recognition and related standards and disclosed that, for the nine months ended the third quarter of the current fiscal year, revenue decreased by ¥1,043 million, cost of sales decreased by ¥1,047 million and operating profit and other items increased by ¥11 million. - FY2022-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year and now recognizes revenue 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. As a result, for the six months ended the second quarter of the current consolidated fiscal year, revenue decreased by ¥682 million, cost of sales decreased by ¥699 million, selling, general and administrative expenses decreased by ¥5 million, and operating profit, ordinary profit and profit before income taxes increased by ¥22 million each.」
The company continued applying the Accounting Standard for Revenue Recognition and disclosed that, for the six months ended the second quarter of the current fiscal year, revenue decreased by ¥682 million while operating profit and other items increased by ¥22 million. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The Accounting Standard for Revenue Recognition and related standards, planned for FY2021, were applied from the beginning of the first quarter of the current consolidated fiscal year, which began on 1 April 2021. As a result, revenue for the quarter decreased by ¥352 million, while operating profit and other items increased by ¥11 million. - FY2021First statedAnnual report
「Regarding the application of the Accounting Standard for Revenue Recognition and related standards, the company will apply the new accounting policy from the beginning of the fiscal year ending March 2022, in accordance with the transitional treatment prescribed in the proviso to Paragraph 84 of the Accounting Standard for Revenue Recognition. The impact on retained earnings at the beginning of the fiscal year is immaterial.」
The company disclosed plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, explaining that the impact on retained earnings at the beginning of the fiscal year would be immaterial.