Application of the Revenue Recognition Accounting Standard and Related Guidance for the Fiscal Year Ending March 2022
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, revenue for the 9-month period ended 31 December increased by ¥7,170 million, while cost of sales, selling, general and administrative expenses increased by ¥7,074 million, and operating income, ordinary income and profit before income taxes increased by ¥96 million each. In addition, the opening balance of retained earnings increased by ¥373 million.」
The group disclosed the impact of the revenue recognition accounting standards applied from the first quarter on the 9-month period as a ¥7,170 million increase in revenue, a ¥96 million increase in operating income and other items, and a ¥373 million increase in retained earnings at the beginning of the fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the 6-month period ended 30 September increased by ¥2,112 million, while cost of sales, selling, general and administrative expenses increased by ¥1,965 million, and operating income, ordinary income and profit before income taxes increased by ¥146 million each. In addition, the opening balance of retained earnings increased by ¥373 million.」
The group disclosed the impact of the revenue recognition accounting standards applied from the first quarter on the 6-month period as a ¥2,112 million increase in revenue, a ¥146 million increase in operating income and other items, and a ¥373 million increase in retained earnings at the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related 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 transfers to the customer.」
The accounting standards and other guidance on revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the fiscal year. As a result, revenue increased by ¥7,118 million, operating income and other items increased by ¥753 million, and retained earnings at the beginning of the fiscal year increased by ¥373 million. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The group has disclosed for the first time that it is evaluating the impact of the new accounting standards and implementation guidance on revenue recognition, which are scheduled to be applied from the beginning of the fiscal year ending March 2022.