Planned Adoption of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022-Q3.
85 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the nine months ended the third quarter decreased by ¥73.716 million each, but there was no impact on profit or loss. There was also no impact on the balance of retained earnings at the beginning of the fiscal year.」
The application of the Revenue Recognition Accounting Standard reduced net sales and cost of sales for the nine months ended the third quarter by ¥73.716 million each, but the company states that there was no impact on profit or loss or retained earnings at the beginning of the fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the six months ended the second quarter decreased by ¥43.015 million each, but there was no impact on profit or loss. There was also no impact on the balance of retained earnings at the beginning of the fiscal year.」
For the Revenue Recognition Accounting Standard applied from the beginning of the first quarter, net sales and cost of sales each decreased by ¥43.015 million, but the company continues to disclose that there was no impact on profit or loss or retained earnings at the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other 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. Accordingly, export sales, for which revenue had been recognized at the time of shipment, are now recognized when the risks and rewards are transferred to the customer based on the relevant trade terms and other conditions. For domestic sales, revenue is recognized at the time of shipment when the period from shipment until control of the product is transferred to the customer is a normal period.」
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. The timing of revenue recognition for export sales was also specified, with no impact on quarterly profit or loss or retained earnings at the beginning of the fiscal year. - FY2021AdvancedAnnual report
「(2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance The impact on retained earnings at the beginning of the fiscal year is immaterial.」
The scheduled application date for the Accounting Standard for Revenue Recognition is explicitly stated as the beginning of the fiscal year ending March 2022, and its impact on retained earnings at the beginning of the fiscal year is assessed as immaterial. - FY2018First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018, Accounting Standards Board of Japan) (2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance The amount of the impact is under evaluation at the time of preparation of these consolidated financial statements.」
The Accounting Standard for Revenue Recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, with the amount of its impact under evaluation.