Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2023.
85 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, revenue for the fiscal year decreased by ¥817.891 million, and cost of sales decreased by ¥817.891 million.」
The Accounting Standard for Revenue Recognition and related standards applied from the fiscal year ending March 2022 continued to apply throughout the fiscal year, reducing revenue and cost of sales by ¥817.891 million each. - FY2022RestatedAnnual report
「As a result, revenue for the fiscal year decreased by ¥817.891 million, and cost of sales decreased by ¥817.891 million.」
The application of the Accounting Standard for Revenue Recognition and related standards continued throughout the fiscal year, reducing revenue and cost of sales by ¥817.891 million each. There was no impact on the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥378.553 million, and cost of sales decreased by ¥378.553 million.」
Under the Accounting Standard for Revenue Recognition and related standards applied from the fiscal year ending March 2022, revenue and cost of sales for the cumulative third quarter each decreased by ¥378.553 million. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥204.312 million, and cost of sales decreased by ¥204.312 million.」
Under the Accounting Standard for Revenue Recognition and related standards applied from the fiscal year ending March 2022, revenue and cost of sales for the cumulative second quarter each decreased by ¥204.312 million. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020) and related standards from the beginning of the first quarter, and began recognizing revenue at the time control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The Accounting Standard for Revenue Recognition and related standards, which were scheduled to apply from the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current fiscal year. As a result, revenue for the quarter decreased by ¥74.397 million, but cost of sales decreased by the same amount, with no impact on the opening balance of retained earnings. - FY2021First statedAnnual report
「This will apply from the beginning of the fiscal year ending March 2022. The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed. Revenue in the business plan for the fiscal year ending March 2022 and thereafter is expected to decrease by approximately ¥800 million to ¥900 million compared with the previous standards.」
The company first disclosed its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. Revenue in the business plan is expected to decrease by approximately ¥800 million to ¥900 million compared with the previous standards, while the impact on the financial statements is still being assessed.