Impact of Applying the Revenue Recognition Standard
First written in FY2018. 6 of 9 entries say "Restated". Latest entry: FY2022-Q3.
50 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥528 million, and cost of sales decreased by ¥528 million. The impacts on operating income, ordinary income, profit before income taxes and other adjustments, and the opening balance of retained earnings were immaterial.」
Application of the revenue recognition accounting standard has continued, with transactions for which the company acts as an agent presented on a net basis. Cumulative third-quarter net sales and cost of sales each decreased by ¥528 million, while the impact on profit and other items was considered immaterial. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥375 million, and cost of sales decreased by ¥375 million. The impacts on operating income, ordinary income, profit before income taxes and other adjustments, and the opening balance of retained earnings were immaterial.」
Following application of the revenue recognition accounting standard, transactions for which the company acts as an agent are presented on a net basis. Cumulative second-quarter net sales and cost of sales each decreased by ¥375 million, while the impact on profit and other items was considered immaterial. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standard was applied from the beginning of the first quarter of the consolidated fiscal year starting 1 April 2021. As a result, net sales decreased by ¥220 million, while the impacts on operating income, ordinary income, profit before income taxes and other adjustments, and opening retained earnings were considered immaterial. - FY2021AdvancedAnnual report
「If the new accounting policy is applied retrospectively before the beginning of the fiscal year ending March 2022, the cumulative impact is added to or deducted from retained earnings at the beginning of that fiscal year, and the new accounting policy is applied from that opening balance. The impact on opening retained earnings is immaterial.」
The planned application of the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 was maintained, and the impact on opening retained earnings was assessed as immaterial. - FY2020RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact continues to be assessed. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact continues to be assessed. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in business and other risks from those disclosed in the annual securities report for the previous fiscal year. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in business and other risks from those disclosed in the annual securities report for the previous fiscal year. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The Company planned to apply the new revenue recognition standards from the beginning of the fiscal year ending March 2022 and was assessing their impact on the financial statements.