Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Updated full-year impact of applicationAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥26,887 million, cost of sales decreased by ¥25,382 million, and selling, general and administrative expenses decreased by ¥1,429 million. The effects on operating profit, ordinary profit, profit before income taxes and the opening balance of retained earnings for the consolidated fiscal year were minor.」
The full-year impact of applying the revenue recognition accounting standard has been updated, with net sales and other items declining, while the impact on profit was described as minor. - FY2022-Q3Updated Impact of ApplicationAnnual report
「As a result, net sales for the cumulative third quarter consolidated period decreased by ¥17,198 million, cost of sales decreased by ¥16,440 million, and selling, general and administrative expenses decreased by ¥1,081 million. The effects on operating profit, ordinary profit, quarterly profit before income taxes and the opening balance of retained earnings for the cumulative third quarter consolidated period were minor.」
The effects of the applied revenue recognition accounting standard on net sales, cost of sales, and selling, general and administrative expenses for the cumulative third quarter have been updated. - FY2022-Q2Updated Impact of ApplicationAnnual report
「As a result, net sales for the cumulative second quarter consolidated period decreased by ¥13,523 million, cost of sales decreased by ¥12,616 million, and selling, general and administrative expenses decreased by ¥718 million. The effects on operating profit, ordinary profit, quarterly profit before income taxes and the opening balance of retained earnings for the cumulative second quarter consolidated period were minor.」
The effects of the applied revenue recognition accounting standard on net sales, cost of sales, and selling, general and administrative expenses for the cumulative second quarter have been updated. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current fiscal year. 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 is transferred to the customer.」
The revenue recognition accounting standard, which was scheduled to be applied from the beginning of the fiscal year ending March 2022, was applied from the beginning of the current first quarter consolidated accounting period. Changes from recognition at shipment to recognition upon delivery, and net recognition of agent transactions and transactions involving consideration received for processing, were also implemented. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The plan to apply the revenue recognition standard from the beginning of the fiscal year ending March 2022 has been reiterated. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022, with a 5-step recognition method covering the identification of contracts, identification of performance obligations and determination of the transaction price, among other steps.