Assessment of the Timing and Impact of Applying the New Accounting Standard for Revenue Recognition
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023-Q2.
86 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「As a result, net sales for the six months ended the second quarter increased by ¥111.263 million, cost of sales increased by ¥62.386 million, and operating income, ordinary income and profit before income taxes increased by ¥48.877 million each.」
The impact of the accounting standard for revenue recognition, which was applied from the first quarter, was confirmed for the six months ended the second quarter at ¥111.263 million for net sales and ¥48.877 million for operating income and other items. - FY2023-Q1AchievedAnnual report
「We have 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 fiscal year.」
The accounting standard for revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending January 2023, was actually applied from the beginning of the first quarter of the current fiscal year. As a result, net sales increased by ¥161.585 million and operating income and other items increased by ¥26.792 million. - FY2021AdvancedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending January 2023.」
The company disclosed that the accounting standard for revenue recognition, whose implementation timing had previously been undetermined, was scheduled to be applied from the beginning of the fiscal year ending January 2023. The impact continued to be assessed. - FY2019First statedAnnual report
「The effective date has not yet been determined. The impact is currently being assessed in preparing these consolidated financial statements.」
It was first disclosed that the effective date of the accounting standard and implementation guidance for revenue recognition had not been determined and that the impact on the financial statements was being assessed.