Applying the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2021. 2 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q2.
4 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group sharing system from the first quarter of the fiscal year. Accordingly, the accounting treatment and disclosure of corporate and local corporate taxes and tax-effect accounting follow the “Accounting Treatment and Disclosure When Applying the Group Sharing System” ...」
The accounting treatment and disclosure of corporate taxes and tax-effect accounting after the transition to the group sharing system continue to be applied. - FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the current consolidated fiscal year」
The revenue recognition standards and related guidance were applied from the beginning of FY2022, reducing net sales by ¥52,533 million and operating income and other items by ¥386 million. - FY2022-Q3AdvancedAnnual report
「As a result, during the cumulative third quarter of the fiscal year, net sales decreased by ¥36,338 million, cost of sales by ¥36,209 million, and selling, general and administrative expenses by ¥242 million, while operating income, ordinary income and profit before income taxes and other adjustments each increased by ¥113 million.」
The cumulative third-quarter impact after applying the revenue recognition standards and related guidance was disclosed: net sales decreased by ¥36,338 million, while operating income and other items each increased by ¥113 million. - FY2022-Q2AdvancedAnnual report
「As a result, during the cumulative second quarter of the fiscal year, net sales decreased by ¥24,918 million, cost of sales by ¥24,861 million, and selling, general and administrative expenses by ¥145 million, while operating income, ordinary income and profit before income taxes and other adjustments each increased by ¥88 million.」
The cumulative impact after applying the revenue recognition standards and related guidance was disclosed: net sales decreased by ¥24,918 million, while operating income and other items each increased by ¥88 million. - 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 Accounting Standard for Revenue Recognition and related standards, scheduled for application from the beginning of FY2022, were applied. As a result, first-quarter net sales decreased by ¥8,766 million and operating income and other items each decreased by ¥10 million. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and its implementation guidance were scheduled to be applied from the beginning of FY2022, and the impact of changing to net revenue recognition for consignment purchase transactions and transactions as an agent was disclosed.