Adoption of Accounting Standards for Revenue Recognition
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2023.
64 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「From the beginning of the current consolidated fiscal year, the Group (the company and certain domestic consolidated subsidiaries) has transitioned from the consolidated taxation system to the group aggregation system. Accordingly, the accounting treatment and disclosures for corporate tax, local corporate tax and tax-effect accounting comply with the Practical Response Report No. 42, “Accounting Treatment and Disclosure When Applying the Group Aggregation System” (12 August 2021; hereinafter, “Practical Response Report No. 42”).」
The transition to the group aggregation system and the related accounting treatment and disclosures have continued in the annual financial statements. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine-month period ended the third quarter increased by ¥10,627 million, cost of sales increased by ¥10,601 million, and selling, general and administrative expenses increased by ¥13 million. Operating loss, ordinary loss and pretax quarterly net loss each decreased by ¥12 million.」
The company disclosed specific figures for the impact of the accounting standard for revenue recognition and related guidance, applied from the first quarter, on revenue, expenses and losses for the nine-month period ended the third quarter. - FY2022-Q2RestatedAnnual report
「Following the application of the accounting standard for revenue recognition and related guidance, revenue for the six-month period ended the second quarter increased by ¥6,464 million, cost of sales increased by ¥6,490 million, and selling, general and administrative expenses increased by ¥11 million. Operating loss, ordinary loss and pretax quarterly net loss each increased by ¥37 million.」
The company disclosed specific figures for the impact during the six-month period of applying the accounting standard for revenue recognition from the first quarter. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the 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 transfers to the customer.」
The company applied the planned accounting standard for revenue recognition and related guidance from the beginning of the fiscal year ending March 2022. It changed its methods of recognizing revenue from construction contracts, transactions involving supplied materials for consideration, transactions conducted as an agent, and consideration payable to customers. - FY2020RestatedAnnual report
「(2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance: The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is currently under assessment.」
The company plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, and said that the impact remains under assessment. - FY2018First statedAnnual report
「(2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related guidance: The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is currently under assessment.」
The company first stated explicitly that it plans to apply the accounting standard for revenue recognition and related guidance from the beginning of the fiscal year ending March 2022, and said that the impact on the financial statements is still under assessment.