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Kunimine Industries (5388) · InitiativeRestated

Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022

First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.

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ProgressHeldSoftenedWorseRestatedFY2018 – FY2021AchievedFY2022-Q12018: 120182019: 020192020: 120202021: 220212022: 1
Same theme, other companies
Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 364 companies write about · 217 as a headwind · 11 as a tailwind

86 other companies' latest entry also says "Restated".

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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 364 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3RestatedAnnual report

    「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」

    The Company continues to apply the accounting standard on revenue recognition adopted from the beginning of the first quarter of the fiscal year. As a result, revenue and cost of sales for the cumulative third-quarter period each decreased by ¥16 million.
  2. FY2022-Q1AchievedAnnual report

    「The Group applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter under review. 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 applied the previously planned accounting standard on revenue recognition from the beginning of 1 April 2021. As a result, revenue and cost of sales for the quarter each decreased by ¥7 million.
  3. FY2021RestatedAnnual report

    「We will apply the standard from the beginning of the fiscal year ending March 2022.」

    The Company has reconfirmed its plan to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022.
  4. FY2020RestatedAnnual report

    「We will apply the standard from the beginning of the fiscal year ending March 2022.」

    The Company has reconfirmed its plan to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022.
  5. FY2018First statedAnnual report

    「We will apply it from the beginning of the fiscal year ending March 2022.」

    The Company has disclosed plans to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022. The impact of adoption on the consolidated financial statements is currently being evaluated.
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Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022 | KUNIMINE INDUSTRIES CO.,LTD. (5388) | Komori