Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ended March 2022
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
11 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Compared with the previous method, revenue for the fiscal year increased by ¥168 million, selling, general and administrative expenses decreased by ¥66 million, and operating profit, ordinary profit and profit before income taxes increased by ¥235 million each.」
The company discloses the full-year effects of applying the revenue recognition standard and provides specific details of the effects on revenue, selling, general and administrative expenses, operating profit and other items. - FY2022-Q3AdvancedAnnual report
「Compared with the previous method, revenue for the nine months ended 31 December increased by ¥296 million, selling, general and administrative expenses decreased by ¥54 million, and operating profit, ordinary profit and profit before income taxes increased by ¥351 million each.」
The company provides specific disclosure of the effects on revenue, selling, general and administrative expenses, operating profit and other items for the nine months ended 31 December following application of the revenue recognition standard. - FY2022-Q2AdvancedAnnual report
「As a result, the cumulative effect was reflected in net assets at the beginning of the first quarter of the consolidated fiscal period, reducing the opening balance of retained earnings by ¥885 million. Compared with the previous method, revenue for the six months ended 30 September decreased by ¥202 million, selling, general and administrative expenses decreased by ¥59 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥143 million each.」
The company provides specific disclosure of the effects on retained earnings, revenue, selling, general and administrative expenses, operating profit and other items as the cumulative effect of applying the revenue recognition standard. - FY2022-Q1AchievedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company implemented its plan to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending March 2022. As a result, the opening balance of retained earnings decreased by ¥885 million, while revenue and operating profit and other items for the first quarter decreased by ¥435 million and ¥390 million, respectively. - FY2020RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company continues to state its plan to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company states for the first time that it plans to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending March 2022.