Preparing for Adoption of the New Accounting Standard for Revenue Recognition
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2022.
86 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The application of the revenue recognition accounting standard and related standards follows the transitional treatment stipulated in the proviso to Paragraph 84 of the Revenue Recognition Accounting Standard, and a new accounting policy has been applied from the beginning of the current consolidated fiscal year.」
The revenue recognition accounting standard continued to be applied throughout the fiscal year, as it had been from the beginning of the fiscal year ending March 2022, reducing net sales by ¥1,527 million, while the impact on profit was immaterial. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the nine-month cumulative period of the current consolidated fiscal year decreased by ¥1,158 million, as did cost of sales, while the impact on operating income, ordinary income and profit before income taxes was immaterial.」
The revenue recognition accounting standard applied from the beginning of the first quarter of the current consolidated fiscal year has continued to be applied, reducing net sales and cost of sales by ¥1,158 million each, while the impact on profit was immaterial. - 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 company actually applied the accounting standards on revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. - FY2021AdvancedAnnual report
「The company plans to apply the standard from the beginning of the fiscal year ending March 2022. It expects the impact on the consolidated financial statements to be immaterial.」
Regarding the new accounting standard on revenue recognition, the company maintains its planned adoption timing and indicates that the impact on the consolidated financial statements is expected to be immaterial. - FY2020RestatedAnnual 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 company continues to plan to apply the new accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the new accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the new accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and states that the impact is still under consideration.