Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending September 2022
First written in FY2019. 5 of 7 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, for the consolidated fiscal year, revenue increased by ¥7,603 million, cost of sales decreased by ¥91 million, gross profit increased by ¥7,695 million, selling, general and administrative expenses increased by ¥7,599 million, and operating profit, ordinary profit and profit before income taxes increased by ¥95 million each.」
Application of the accounting standard for revenue recognition continued for the full year, with the specific impact on revenue, expenses and profit disclosed. - FY2022-Q3RestatedAnnual report
「As a result, for the first nine-month consolidated cumulative period, revenue increased by ¥5,493 million, cost of sales decreased by ¥202 million, gross profit increased by ¥5,695 million, selling, general and administrative expenses increased by ¥5,858 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥162 million each. In addition, the beginning balance of retained earnings decreased by ¥474 million.」
The impact of the accounting standard for revenue recognition, applied from the beginning of the first quarter consolidated accounting period, continues to be disclosed for the first nine-month cumulative period together with specific amounts. - FY2022-Q2RestatedAnnual report
「The company applied the accounting standard for revenue recognition and related standards from the beginning of the first quarter consolidated accounting period, and 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 first six-month consolidated cumulative period, revenue increased by ¥3,604 million, cost of sales decreased by ¥201 million, selling, general and administrative expenses increased by ¥3,819 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥13 million each.」
Application of the accounting standard for revenue recognition continues, with the specific amount of its impact on the first six-month consolidated cumulative period disclosed. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize 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.」
It is stated that the accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending September 2022, were actually applied from the beginning of the first quarter consolidated accounting period. The accounting treatment of sales commissions, sales promotion expenses, returns and sales rebates was also changed. - FY2021RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on Accounting Standard for Revenue Recognition” are scheduled to be applied from the beginning of the fiscal year ending September 2022.」
The plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending September 2022 remains in place. - FY2020RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on Accounting Standard for Revenue Recognition” are scheduled to be applied from the beginning of the fiscal year ending September 2022.」
The plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending September 2022 remains in place. - FY2019First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (Implementation Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending September 2022.」
The company states that it plans to apply the new accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2022, and that the amount of the impact is under evaluation.