Preparing to Apply the Revenue Recognition Standard
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022.
85 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “revenue recognition accounting standard”) and related standards from the beginning of the consolidated fiscal year and」
The application of the revenue recognition accounting standard continues to be disclosed, with the specific impact shown as a ¥3,241 million decrease in net sales, a ¥41 million decrease in operating income and a ¥45 million decrease in the opening balance of retained earnings for the current fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥1,584 million, cost of sales decreased by ¥1,468 million and selling, general and administrative expenses decreased by ¥111 million, while the impact on operating income, ordinary income and profit before income taxes was immaterial. The opening balance of retained earnings also decreased by ¥45 million.」
The impact of applying the revenue recognition accounting standard from the beginning of the first quarter on net sales and other items for the six months ended the second quarter has been specifically disclosed. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current fiscal year. Net sales decreased by ¥852 million and the opening balance of retained earnings decreased by ¥45 million. - FY2021AdvancedAnnual report
「The cumulative impact of applying the “Accounting Standard for Revenue Recognition” and related standards is expected to be reflected in net assets at the beginning of the fiscal year ending March 2022, reducing the opening balance of retained earnings by ¥41 million.」
The planned application of the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 remains unchanged, and the impact on retained earnings has been quantified as a ¥41 million reduction. - FY2018First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being assessed as of the preparation of these consolidated financial statements.」
The company has disclosed for the first time that the new accounting standards for revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022 and that the impact is being assessed.